Friday, July 5, 2024

Real Estate

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.

Latest News

Storms cause flooding in Switzerland, Italy and France as wildfires rage in Turkey and Greece

Extreme weather across Europe has caused four deaths in storms in Switzerland and northern Italy, while wildfires have forced evacuations in Greece and Turkey.