Bloomberg Daybreak Middle East. Live from Dubai, connecting Asian markets to the European opens. The show will focus on global macro issues with a middle eastern context, provide expert analysis of major market moving stories and speak with the biggest newsmakers in the region.
Simulcast of Bloomberg Television
A 9-year-old fascinated with robots now runs his own company with a full-time staff of adults who help teach other children about robotics. A baseball fanatic has created an enterprise that sends out subscription boxes full of baseball gear on a monthly basis, from training equipment to sunflower seeds. And finally, meet the young men who, with the help of music superstar Drake, help people get into the increasingly lucrative world of professional online gaming.
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The city’s property market looked unstoppable as recently as August. Now, apartments prices are being slashed and some homes have languished on the market for more than a year.
Shawna Kwan and
The world’s least affordable housing market is in a rut.
Hong Kong home prices have fallen more than 6% since a peak in August, with no quick recovery in sight as residents leave the city at record rates. Some analysts are predicting another 20% slump by 2025 due to rising mortgage rates and a slowing economy. Even habitually bullish local agents are expecting that prices will be sluggish for most of the year.