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Wealthy mainland Chinese are increasingly shifting their attention and capital away from the US to other real estate markets amid rising geopolitical tensions between Washington and Beijing, according to property agents.In 2024, Chinese buyers’ demand for homes that cost more than US$5 million moved to Thailand, Australia and Canada, respectively, according to data tracked by Juwai IQI.By comparison, the US in 2023 was the top choice among Chinese buyers, according to the property portal, which has a network of over 50,000 real estate professionals across more than 30 countries.“Geopolitical friction,...

The dollar drifted lower on Monday after an early bump off a three-year low, as investor confidence in the world’s reserve currency remained in question following a stream of tariff-related pronouncements from US President Donald Trump.Investors braced for another volatile week as Trump’s imposition and then abrupt postponement of tariffs on goods imported to the US continued to sow confusion.The dollar reversed early gains as the Asian trading session got under way, languishing near a 10-year low against the Swiss franc at 0.8188.Sterling held to most of its 1.7 per...

KENNEWICK, Wash. – An upcoming event will explore city-led projects shaping the economic future of the Tri-Cities. The "Donuts & Development" event will feature a panel of experts discussing major development initiatives, infrastructure investments, and growth strategies in the region. Speakers include Rohana Carmichael, Economic Development Manager for the City of Kennewick, Stephen McFadden, Director of Economic Development & Marketing for the Port of Pasco, Mandy Wallner, Economic Development Manager for the City of Richland, and Eric Mendenhall, Community Development Director for the City of West Richland.Attendees can enjoy coffee and donuts...