China’s real estate sector, which accounts for approximately one-third of the country’s economy, is facing a significant crisis. Evergrande, a troubled Chinese property giant, recently resumed trading after a 17-month suspension and experienced a sharp decline of 79% in its share price. The company, burdened with a massive debt of $327.7 billion, was forced to …
1/2 China’s real estate sector is estimated to make up a third of the economy. File Photo by Stephen Shaver/UPI | License Photo Aug. 28 (UPI) — Evergrande, troubled Chinese property giant, resumed trading on the Hong Kong stock exchange after a 17-month suspension. Unfortunately, its shares plummeted by 79%, reflecting a $4.5 billion loss …
Shares of China Evergrande Group, one of the top ten property developers in China, plummeted by almost 80% on Monday as trading in the stock resumed in Hong Kong after a 17-month suspension. This steep decline follows the company’s filing for bankruptcy in the United States, facing debts of $412.7 billion. Photo by MNXANL/Wikimedia Commons. …
“Moving,” an enthralling superhero series adapted from the Kang Full webtoon, has achieved record-breaking success on Disney+ and Hulu. This captivating Korean original has emerged as the most-watched series globally on Disney+ and within the United States on Hulu, based on the number of hours streamed in its first week since release. Since its premiere …
1/2 Maiko Takeuchi, the board chair and chief executive officer of Compliance and Capacity Skills International Asia Pacific, delivered a speech during a session focused on North Korean sanctions at the 18th Jeju Forum for Peace and Prosperity in Jeju Island, South Korea, on June 1. (Photo by Darryl Coote/UPI) JEJU ISLAND, South Korea, June …
Maiko Takeuchi, the board chair and chief executive officer of Compliance and Capacity Skills International Asia Pacific, emphasized the need for the United Nations Security Council to impose new sanctions on North Korea specifically targeting its cybercrime activities. However, she acknowledged that obstacles such as Russia’s war in Ukraine and growing tensions between the United …