An 87% value wipeout for Chinese developers’ dollar bonds is symptomatic of the wider crisis facing the nation’s property sector, which has seen 53 companies collapse in about two years.
China property downturn spreads to trophy office buildings
CBRE estimated that the value of office properties in China’s tier-1 cities dropped between 15 and 20 per cent since 2018.
Historic war office used by Winston Churchill is transformed into luxury Raffles London hotel
Hidden from public eyes since it was built more than a century ago and steeped in James Bond-style espionage, London’s historic war office is now set to open its doors as a luxury hotel with rooms …
Trump pleads not guilty in Georgia election racketeering case – live
Former president enters plea via attorney, skipping arraignment planned for 18 other defendants in Fulton county next week …
Underground Amman: Exploring Jordan’s little-known hip-hop scene
Discovering modern street art infused with Arab culture helped Tamara Davison unlock a new perspective on Jordan’s capital …
Russia says it will deepen ties with North Korea, doesn’t confirm Putin-Kim letter exchange
The White House said on Wednesday it was concerned that arms negotiations between Russia and North Korea were advancing actively, and said Putin and Kim had written to each other pledging to increase …
Nepal celebrates Pride but LGBTQ couples face marriage hurdles
Transgender woman Maya Gurung had hoped to march at Nepal’s Pride parade Thursday with her legally recognised husband — but a landmark ruling to give LGBTQ couples greater marriage rights appears …
South Korea Reports Longest Stretch of Factory Output Falls
South Korea’s factory output fell again in July to reach its longest stretch of declines in decades as the trade-reliant nation struggles with exports amid a global slowdown.Most Read from BloombergUS …
North Korea says it has simulated ‘scorched earth’ nuclear strikes on South Korea
North Korea says it has simulated “scorched earth” nuclear strikes on South Korea in a further escalation of its sabre-rattling rhetoric.
Myanmar’s High Court declines to hear Suu Kyi’s appeals in 5 cases where sentences already commuted
Myanmar’s Supreme Court has declined to hear special appeals from the country’s ousted leader Aung San Suu Kyi against her convictions in five cases of which the head of the military-installed governm …