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U.S. President Trump said the UK has begun oil drilling in the North Sea, calling it a major boon for the UK economy and for Aberdeen. He described the North Sea as one of the world’s richest and most economically valuable oil regions and urged the U

2026-10-21

U.S. President Trump said the UK has begun oil drilling in the North Sea, calling it a major boon for the UK economy and for Aberdeen. He described the North Sea as one of the world’s richest and most economically valuable oil regions and urged the UK to fully push drilling and dismantle costly, “absurd” wind turbines, saying this would make the UK wealthy again.

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2026-10-21

The UK's unadjusted core output PPI rose 0.2% month-on-month in September, revised from 0.3% in the previous month.

The UK's unadjusted core output PPI rose 0.2% month-on-month in September, revised from 0.3% in the previous month.
2026-10-21

1. Shenzhen relaxes talent housing policy: The requirement of one year of social security contributions and no housing record has been reduced to three years. 2. Tianjin: Housing provident fund can be withdrawn for housing property management fees a

1. Shenzhen relaxes talent housing policy: The requirement of one year of social security contributions and no housing record has been reduced to three years. 2. Tianjin: Housing provident fund can be withdrawn for housing property management fees and renovation costs. 3. Beijing: Residential sales area reached 5.559 million square meters in the first three quarters, a year-on-year increase of 13.1%. 4. Shanghai: Accelerating and expanding the renovation of urban villages, completing the relocation of residents in overall renovation projects (mainly demolition and new construction projects) on schedule. 5. China Index Academy: The Beijing and Shanghai second-hand housing markets remained active in October, with first-time homebuyers still the main force in transactions. 6. China Resources Land, Xiamen Rail Transit, and China Merchants Shekou & Xiangyu acquired six plots of land in Xiamen, with a total transaction amount of 10.87 billion yuan. 7. Changzhou auctioned 16 residential plots, all sold at the reserve price, with the highest floor price reaching 10,501 yuan per square meter. 8. Suzhou sold two residential land plots at the reserve price for 706 million yuan. 9. Six land parcels in Xiamen were sold for 10.87 billion yuan at the reserve price. 10. US housing starts fell to their lowest level in four months due to weak demand. 11. The US pending home sales index fell to a record low in September, with high interest rates dampening homebuying demand.
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