NANJING, CHINA – AUGUST 18, 2023 – Aerial photo shows a residential area of Evergrande in Nanjing, East China’s Jiangsu province, Aug 18, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Getty Images Shares of Evergrande Group rose over 9% as the beleaguered Chinese property firm’s court hearing over its possible liquidation was postponed to Jan.
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Sir Keir Starmer, head of the UK’s opposition Labour party, has heaped praise on Margaret Thatcher in a pitch to Tory voters, provoking a backlash from both leftwing activists and the Conservative party. Starmer chose The Telegraph, the rightwing newspaper considered the house journal of Tory members, as the platform for his thoughts on the
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Evergrande’s international creditors are pressing for a last-minute agreement to avert a court order to liquidate the highly indebted Chinese property developer. Investors in Evergrande’s debt have been talking to the company about various restructuring
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Artist Elizabeth Sutton is a true trailblazer. While many new artists struggle to support themselves entirely through art, Sutton’s approach and unique aesthetic have made her truly shine. While her heart has always been in painting, she’s also made a name for herself through licensing with everything from kitchen and bathroom tiles in collaboration with
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Russia’s military has bought hundreds of Chinese all-terrain vehicles popular in the US, in a move that risks heightening tensions between the west and Beijing over President Xi Jinping’s tacit backing for Moscow’s invasion of Ukraine. Russia’s purchases open up the buggy manufacturer Shandong Odes Industry to retaliation from authorities in the US, where the
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two panels of top legal experts will assist a government-ordered independent review looking at potential reforms of disclosure rules and fraud laws following the collapse of a series of white-collar criminal investigations in English courts.
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Grayscale, a significant player in digital asset management, has expressed enthusiasm about the potential transformation of its Grayscale Bitcoin Trust (GBTC) into a Bitcoin ETF. This move could eliminate the current 8.09% discount of approximately $1.89 billion, aligning GBTC’s price more closely with the actual value of Bitcoin, offering significant benefits for investors. The company’s
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What would another Trump administration look like? As horrible as many find the prospect, it’s a topic that executives are beginning to have to grapple with. For reasons that range from inflation to the conflict in Gaza to Biden’s age, the current administration’s deft handling of a recession, a pandemic and war in Ukraine isn’t
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writers are IMF managing director, European Commission president and WTO director-general At COP28, the world must face the reality that business-as-usual is not delivering the needed cuts to greenhouse gas emissions. For most countries, squeezed
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