Monday, July 8, 2024

Bankrupt

China’s financial troubles mount: Real estate giant Evergrande files for bankruptcy

Amidst the escalating real estate crisis in China, Evergrande, a prominent player in the property sector, has sought bankruptcy protection in the United States aimed to safeguard its assets within the US while engaging in negotiations for an agreement with its creditors.

Sri Lankan PM admits bankruptcy, warns crisis could drag through 2023

Acute shortages of food, fuel, and medicine will continue through 2023, warned PM Wickremesinghe

Latest News

Keir Starmer becomes UK’s new prime minister as Labour wins UK general election 2024

UK Labour Party Leader Keir Starmer has become prime minister of UK after a ceremonial meeting with King Charles III on July 5, 2024. Starmer has led Labour to secure a landslide victory in the UK’s 2024 general election to end 14 years of Conservative rule.