Dozens of the country’s developers defaulted on their dollar bonds last year, leading to a series of difficult—and protracted—negotiations with overseas fund managers.
China Property Stocks Gauge Enters Bear as Policy Optimism Fades
Chinese property shares slid into a bear market as investor optimism from Beijing’s supportive measures over the past few months fizzled.Most Read from BloombergBiden to Urge 25% Billionaire Tax, …
Economists maintain China’s 5.3 percent GDP growth forecast in 2023
Most economists maintained their forecasts of China’s GDP growth in 2023 at 5.3 percent or above, after the country announced its official GDP target at the National People’s Congress. Premier Li …
ONYX Hospitality Group on track to operate 54 properties by 2025
ONYX Hospitality Group will be at ITB Berlin 2023 this week to share its aggressive expansion plans and optimistic revenue target for 2023, …
Inside the Maldives resort with a 27,000-bottle wine cellar that offers ‘lagoon tastings’ – and our connoisseur’s verdict? It’s the toast of paradise!
You can barely find these beauties in the UK. But finding a treasure trove of them in the Maldives at incredibly reasonable prices, poured by an expert sommelier team, elevates even the dreamiest …
McLaren technical boss explains rule change that ruined team in Bahrain
The eyes of the Formula One world were on Oscar Piastri in Bahrain, as were a nation of Australian motorsport fans looking for a new hero after the departure of Daniel Ricciardo.
Ga. woman accused of raising $150k by selling fake deeds to ‘dream homes’ that weren’t hers
Chattooga County Sheriff Mark Schrader has launched a criminal investigation after an Atlanta-based developer is being accused of selling fake deeds on land she didn’t own. “I paid $22,500 for …
Kuwait’s Agility launches data centre sites across Middle East and Africa
Agility plans to build additional sites in other rapidly growing data centre markets including Nairobi, Casablanca and Lagos.
Kazakhstan is becoming a regional hub for foreign investment
As firms flee Russia for Kazakhstan and Middle Corridor trade increases, the country’s strategic location and commitment to global engagement will soon be highlighted at a major investment forum. In …
U.S.-led Iraq war ushered in years of chaos and conflict
The 2003 U.S.-led invasion of Iraq was meant to topple a dictator who had inflicted reckless wars and economic misery on his fellow Iraqis, and then to usher in a thriving democracy. Instead, Iraqis …