Home credit

Consumer lender Home Credit posts loss of 619 million euros in first half

PRAGUE (Reuters) – Consumer lender Home Credit Group on Friday recorded a first-half loss of € 619 million on provisioning to cover loan losses as the coronavirus pandemic hit consumers. The lender whose operations include China, India and other Southeast Asian markets, Russia or the Czech Republic, said it had reduced its loan portfolio by […]

Home rentals

EU’s highest court backs crackdown on short-term home rentals in Airbnb setback

BRUSSELS (Reuters) – Europe’s highest court on Tuesday extended its support to European cities cracking down on short-term rentals of private accommodation to resolve the housing crisis, inflicting a setback on roommates site Airbnb. From Amsterdam to New York and Paris, authorities have accused Airbnb of exacerbating the housing shortage in their cities, which has […]