Evergrande’s founder is under police control
Hui Ka Yan, the billionaire who heads the distressed China Evergrande Group, has been taken under police control, according to people familiar with the situation. It’s not clear why Hui…
Stocks that drove rally are now down 10%
The US stock market rally in the first half of 2023 was built on technology stocks as investors bet on the resilience of US consumers and excitement around artificial intelligence…
Evergrande crisis worsens as defaults pile up
The crisis at China Evergrande Group deepened on Monday after its mainland unit said it was unable to repay onshore bonds, adding a new layer of uncertainty to the developer’s…
Global food inflation worsens
Domestic food price inflation remains high, with people in Venezuela, Lebanon, Argentina, Türkiye and Zimbabwe particularly hard hit, according to the World Bank. The most recently available monthly data show…
US markets’ sunny mood about to fade away
Consumer stocks, which have been one of the brightest corners of the market this year, are about to lose their luster as risks to the sector mount, according to Morgan…
The Crashed F-35 May Have Been Hacked.
The Turkish news outlet Haber7 analyzed possible reasons for the incident involving the American F-35 fighter jet. A representative from the US Department of Defense stated that the aircraft has…