The Bank of England has asked formally for new powers to prevent a housing boom and bust. Under the powers, the Bank would be able to limit how much people can borrow to buy a home, according to their financial circumstances.
Those baffled by the Argentine economy could do worse than listen to Puff Daddy. Ask what ails the country and the answer will echo the rapper’s ode to the 100-dollar bill, “It’s all about the Benjamins”.
Robert Serra, a young Chavista ruling party lawmaker, died after being stabbed in his home in Caracas in an intentional homicide, government officials said, in Venezuela's latest high-profile violent crime.