Lagos traffic jams disappear. But this isn't good news for Nigeria
The removal of a fuel subsidy has pushed the cost of transport out of the reach of many Nigerians.
2023-09-04 07:19
Country Garden wins bond extension in relief for China's property sector
By Xie Yu, Kevin Huang and Li Gu HONG KONG/BEJING (Reuters) -Country Garden has won approval from its creditors to
2023-09-02 13:48
Country Garden: How bad are the Chinese property developer's debt problems?
By Xie Yu HONG KONG (Reuters) -China is grappling with a slowdown that has rattled global markets, with the spotlight
2023-09-01 20:47
New Rising Stars Are Powering Gulf’s $50 Billion Spending Spree
Oil-rich Gulf monarchies are channeling more international deals via state-backed firms instead of the region’s sovereign wealth funds,
2023-09-01 13:52
Biden administration proposes rule aimed at curbing the 'gun show loophole'
The Biden administration on Thursday proposed rules intended to require people selling firearms at gun shows and on the internet to conduct background checks on potential buyers, in an effort to curb the so-called gun show loophole.
2023-09-01 06:29
China's biggest homebuilder is fighting for its life. Here's what you need to know about the real estate crisis
Just a few months ago, Country Garden was the biggest property developer in China, with more than 3,000 developments spanning the country.
2023-08-31 20:48
Student loan interest resumes Friday and payments restart in October. Here's what borrowers should know
For the first time in more than three years, federal student loan borrowers will be required to pay their monthly student loan bills starting in October. The pandemic-related pause, which went into effect in March 2020, provided relief to nearly 44 million borrowers by freezing their accounts.
2023-08-31 18:29
Country Garden faces key test as onshore bondholders set to vote on extension
HONG KONG Embattled Chinese property developer Country Garden faces a critical test of investor confidence on Thursday, with
2023-08-31 10:22
Biden cancels $72 million in student loan debt for borrowers who went to for-profit Ashford University
Even though President Joe Biden's student loan forgiveness program was blocked by the Supreme Court earlier this year, his administration is moving forward with more targeted student debt cancellations allowed under existing programs.
2023-08-31 04:29
Millions of salaried workers would get overtime pay under Biden administration proposal
Some 3.6 million salaried workers would newly qualify for overtime pay under a proposed rule unveiled by the US Department of Labor on Wednesday. It would guarantee overtime pay of at least time-and-a-half for most salaried workers earning less than $1,059 a week, or about $55,000 a year.
2023-08-31 03:24
Country Garden posts record net loss of $6.7 billion in first half of 2023
HONG KONG (Reuters) -China's largest private property developer Country Garden on Wednesday reported a record loss in the first half
2023-08-30 23:48
Some offshore creditors of Country Garden consider forming group for debt revamp talks
By Xie Yu HONG KONG Some offshore creditors of embattled Chinese developer Country Garden are in talks with
2023-08-30 17:21