China's real estate crisis deepens as big Shanghai developer defaults
CNN
Another major Chinese developer has defaulted on its debt, dealing a new blow to the ailing real estate sector in the world's second largest economy.
Shanghai-based Shimao Group failed to pay the interest and principal on a $1 billion bond due Sunday, according to a company filing to the Hong Kong stock exchange. The bond had no grace period for the principal, according to its offering document.
It is the first missed debt repayment on a dollar bond by Shimao, which had been grappling with mounting financial stress for months.
A retired Tennessee law enforcement officer was held in jail for more than a month this fall after police arrested him because of a Facebook post of a meme related to the September assassination of conservative activist Charlie Kirk.
On Sunday morning, as investigators rushed to prepare a search warrant for a hotel room in Coventry, Rhode Island, FBI Director Kash Patel broke the news on social media celebrating that a person of interest had been detained in the Brown University mass shooting.
The White House has installed plaques along President Donald Trump’s “Presidential Walk of Fame,” offering descriptions of his predecessors, often written in the style of his social media posts — including insults, baseless claims and random capitalization.
A defiant Fulton County District Attorney Fani Willis is testifying before an investigative Georgia Senate Committee on Wednesday. The committee scrutinized her prosecution of President Donald Trump and multiple codefendants, at one point cutting Willis’ microphone briefly when she testified beyond the question she was asked.
Rep. Sarah McBride on Wednesday criticized congressional Republicans as being “obsessed with trans people” ahead of a vote on bills that would restrict youth access to gender identity care and penalize health workers who provide it.
Venezuelan opposition leader and Nobel Peace Prize winner María Corina Machado has left Oslo, her coordinator of international relations, Pedro Urruchurtu Noselli, wrote in a post on X.
The Senate passed the annual defense policy bill, sending it to President Donald Trump’s desk for his signature.
A new trailer previewing Melania Trump’s eponymous documentary offers more questions than answers about the relationship between President Donald Trump and the first lady.
Authorities hunting for the perpetrator of the deadly mass shooting at Brown University released a new enhanced photo yesterday. Follow for live updates
In a stunning blow to Speaker Mike Johnson, four GOP lawmakers on Wednesday agreed to back a Democratic push to extend pandemic-era Obamacare subsidies.
Former special counsel Jack Smith is participating Wednesday in a closed-door deposition before the House Judiciary Committee regarding his prosecutions of Donald Trump.
Of all the blunt assessments White House chief of staff Susie Wiles shared with Vanity Fair over the past year, perhaps her sharpest words were aimed at Attorney General Pam Bondi.
Circle K has made millions by renting space to crypto ATMs – even amid mounting evidence that the machines are playing a key role in international fraud schemes.