Court orders property developer China Evergrande Group to liquidate after it was unable to reach a deal with creditors

PETALUMA, Calif. — Last month, Mike Weber got the news every poultry farmer fears: His chickens tested positive for avian flu. Following government rules, Weber’s company, Sunrise Farms, had to slaughter its entire flock of egg-laying hens — 550,000 birds — to prevent the disease from infecting other farms in Sonoma County north of San…

GENEVA — Switzerland’s financial markets authority is getting a new chief executive as the rich Alpine country looks at ways to strengthen regulations after UBS hurriedly took over ailing rival Credit Suisse last year partly to prevent a global banking meltdown. The Swiss government on Wednesday selected Stefan Walter, a 59-year-old German national who was…

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…

Panel discussions, back-to-back private meetings, negotiations to get into the best parties: The World Economic Forum in Davos, Switzerland, was back to its prepandemic form this year, as leaders convened to discuss the state of the world. It was the first Davos gathering since 2020 without any Covid-related restrictions, as fears about the pandemic almost…

Jeff Bezos made a splashy, $100 million pledge to help rebuild Maui after it was devastated by wildfires in August — but local officials and nonprofits alike are reportedly puzzled about where the funds may have gone. According to a Bloomberg report published Thursday, Bezos and his fiancée, Lauren Sanchez, have given out just $15.5 million of…

Former Harvard President Larry Summers slammed the university over its appointment of a Jewish professor who has called Israel “an apartheid state” to co-chair its antisemitism task force. Summers took issue with the appointment of Prof. Derek Penslar, a scholar of Jewish history, as co-chair of a task force that was named by the school’s…