Bloomberg's Economists: A 6% UK Rate = 2% Drop in GDP
Bloomberg Daybreak: Europe Edition
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Luxurious Towers in the 9M Market
Alibaba is replacing Daniel Zhang as chairman of the group. Executive Vice Chair Joseph Tsai becomes chairman of the board. Eddie Wu, now chairman of the Taobao and Tmal divisions, takes over as CEO. High mortgage rates hit highest level since mini budget era close to 14-year highs.
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