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Monday, Oct 18, 2021
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Will China rescue the troubled property group Evergrande?
Fears that one of China's biggest property developers could default on its debt are rippling through global markets.
The vast Evergrande group has outstanding debts of more than $300 billion.
Building work on many of its projects has stopped, and several investors have stopped getting paid.
On Friday, the company entered a 30-day grace period to make an $83 million interest payment, after missing a deadline.
The firm's woes have been compared to the collapse of the Lehman Brothers group in the U.S. in 2008.
So, what would a possible collapse of this company mean for China and the world?
China tests new space capability with hypersonic missile
Launch in August of nuclear-capable rocket that circled the globe took US intelligence by surprise.
Pope Francis Says Will Continue Being A "Pest" In so called "Defence Of The Poor" (by taking their money in this life "so they can be happy next life")
"Thinking about these situations (of exclusion and inequality), I make a pest of myself with my questions. And I go on asking. And I ask everyone in the name of God," said Pope ...
How The Richest CEO's Travel
If you think a CEO ride their bikes or cars to get to work every morning... You're wrong. Indeed, they go to work at night, in the morning, in the afternoon and they need to tra...
No seat for Tam Yiu-chung in Beijing meeting next week
Beijing on Saturday told Tam Yiu-chung, a member of the Standing Committee of the National People's Congress not to attend a meeting there next Tuesday, citing concerns over the...
China’s Shenzhou-13 craft successfully docks to Tiangong space station & 3 astronauts enter core module
China’s second manned mission reached the Tiangong space station, which is still under construction, on Saturday. The three astronauts left the Shenzhou-13 spacecraft and entere...
Barring of Hong Kong delegate shows Beijing serious about zero-Covid approach
Tam Yiu-chung says he was told not to attend a meeting in the capital after the discovery of an untraceable Covid-19 case in Hong Kong earlier this month.
Bitcoin climbs to $60,000 on prospect of first exchange-traded fund
The world’s most popular cryptocurrency has soared to its highest level since May on Friday, propelled by traders’ optimism about a US approval of the first bitcoin futures exch...
Latest shipment of BioNTech vaccine arrives in Hong Kong
The latest shipment of about 800,000 doses of German-made BioNTech vaccine arrived in Hong Kong on Saturday.
No, China’s Belt & Road Initiative is not falling apart, this is just US propaganda, right on cue as Congress promised
A new ‘study’ has concluded that Beijing’s huge worldwide investment programme is “losing momentum” as debts mount. But a closer inspection of the facts tells a different story
Former Hong Kong police brass injured in Tsim Sha Tsui robbery
A source identified the victim as former assistant police commissioner Kevin Woods.
As the tech giant admits targeting kids as young as four, it’s time for a grown-up discussion about Facebook and children
The ‘big’ revelation that Facebook has been researching how to attract young children to its platform would only be newsworthy if the social media giant weren’t doing so.
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