Court orders property developer China Evergrande Group to liquidate after it was unable to reach a deal with creditors
Court orders property developer China Evergrande Group to liquidate after it was unable to reach a deal with creditors
Similar Posts
China’s Travel Economy Is Slowly Coming Back. Here’s Where It Stands.
Since China reopened its borders in 2023 after three years of Covid isolation, domestic travel has thrived and high-speed rail has grown increasingly popular. But international trips in and out of the country are lagging, and flight capacity is still just a third of prepandemic levels. The economic stakes are high. Before the pandemic, Chinese…
NYC’s return-to-office trend gains steam, hits nearly 70% of pre-pandemic level
The return-to-office trend gained steam in December when average visitation rates at 350 Manhattan buildings rose to 67% of 2019 rates, according to the Real Estate Board of New York. That was up from the 65% recorded in November — and would have been 74% if the sleepy last week of December between Christmas and New…
Bid to overhaul New Mexico oil and gas regulations clears first hurdle amid litigation
SANTA FE, N.M. — An effort to modernize state oversight of a thriving petroleum industry in the nation’s No. 2 state for oil production advanced past its first committee vetting Thursday at the New Mexico Legislature. The bill would rewrite portions of the state’s 1930s-era Oil and Gas Act in order to help regulators keep…
Facing Backlash, Some Corporate Leaders Go ‘Under the Radar’ With D.E.I.
Over the past two years, as Ishan Bhabha and his colleagues at the law firm Jenner & Block prepared briefs for the affirmative action case the Supreme Court ruled on last year, Mr. Bhabha had a realization: If higher education institutions like Harvard were the first target of litigation about diversity, equity and inclusion, America’s…
OpenAI CEO Sam Altman shrugs off NY Times copyright lawsuit
OpenAI CEO Sam Altman insisted he’s not concerned about a copyright infringement lawsuit filed by The New York Times alleging that his company has used the newspaper’s content to train its AI models. At the World Economic Forum in Davos, Switzerland, on Thursday, Altman claimed OpenAI was not concerned about a lawsuit brought by The…
CSX 4Q profit slips but railroad keeps its trains running smoothly and predicts profitable 2024
CSX’s fourth quarter profit slipped 13%, but the railroad hauled slightly more freight and kept its trains running smoothly. The Jacksonville, Florida-based railroad said it earned $886 million, or 45 cents per share, during the quarter. That’s down from $1.02 billion, or 49 cents per share, a year earlier. The results for the latest quarter…