China’s Largest Real Estate Developer Defaults on Debt China’s Largest Real Estate Developer Defaults on Debt China Evergrande Group, the country’s largest real estate developer, has officially defaulted on its debt obligations, escalating concerns about the implications this may have for the Chinese economy and beyond. With liabilities exceeding $300 billion, the firm’s failure to…
UK Housing Market Slows as Mortgage Rates Reach New Highs UK Housing Market Slows as Mortgage Rates Reach New Highs The UK housing market has seen a significant deceleration as mortgage rates hit their highest levels in over a decade, discouraging potential buyers from entering the market. According to the latest data from the Bank…
U.K. Prime Minister Apologizes for Grenfell Tower Fire After Investigation Findings U.K. Prime Minister Apologizes for Grenfell Tower Fire After Investigation Findings British Prime Minister Keir Starmer issued a formal apology on Wednesday following the release of an extensive seven-year investigation into the Grenfell Tower fire, a disaster that resulted in the loss of 72…
