NEW YORK — After 46 years, Steve Replin has decided to give up his office space. Replin, who has a law practice and acts as an alternative lender in Denver, is adapting to the changing preferences of clients, who would rather conduct business online, or in a less professional setting like a coffee shop. “I…
WASHINGTON — Chair Jerome Powell will enter this week’s Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed’s target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low. A year…
A court in Hong Kong on Monday ordered China Evergrande to be liquidated in a decision that marks a milestone in China’s efforts to resolve a crisis in its property industry that has rattled financial markets and dragged on the entire economy. Here’s what happened and what it means, looking ahead. WHAT IS CHINA EVERGRANDE?…
WASHINGTON — The Biden administration is marking Monday’s 15th anniversary of a landmark federal pay equity law with new action to help close gaps in pay for federal employees and employees of federal contractors. Despite progress since the Lily Ledbetter Fair Pay Act was signed into law in January 2009, President Joe Biden said women…
LONDON — The British government says it will ban the sale of disposable vapes and limit their cornucopia of flavors in an effort to prevent children becoming addicted to nicotine. It also plans to stick to a contentious proposal to ban today’s young people from ever buying cigarettes. Prime Minister Rishi Sunak is due to…
ABUJA, Nigeria — Monthslong tension between three coup-hit countries in West Africa and the regional bloc known as ECOWAS boiled over when the nations announced their immediate withdrawal from the bloc and accused it of a lack of support and “inhumane” coup-related sanctions. In their joint statement on Sunday, the juntas of Niger, Mali and…
NEW YORK — Donald Trump could potentially have his real estate empire ordered “dissolved” for repeated misrepresentations on financial statements to lenders in violation of New York’s powerful anti-fraud law. But an Associated Press analysis of nearly 70 years of similar cases showed Trump’s case stands apart: It’s the only big business found that was…
NEW YORK — Within days, Donald Trump could potentially have his sprawling real estate business empire ordered “dissolved” for repeated misrepresentations on financial statements to lenders, adding him to a short list of scam marketers, con artists and others who have been hit with the ultimate punishment for violating New York’s powerful anti-fraud law. An…
HONG KONG — Asian markets opened the week on a positive note, with Chinese regulators announcing measures to support the country’s teetering stock markets while heavily indebted property developer China Evergrande was ordered to undergo liquidation. U.S. futures were lower while oil prices gained. China’s securities regulator announced on Sunday that beginning Monday, China will…
Court orders property developer China Evergrande Group to liquidate after it was unable to reach a deal with creditors
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