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Evergrande Group has just missed another bond payment, casting further doubt over the future of the embattled property developer at the epicenter of China’s real estate crisis. Hengda Real Estate, Evergrande’s flagship unit in mainland China, missed principal and interest payments on Monday on an onshore 4 billion yuan ($547...

The twin lawsuits filed against Facebook this week by the government and more than 40 attorneys general are the most serious effort to break the social media giant up to date. The cases, which differ slightly, focus on the...

Bitcoin bull run is about to hit a hard wall of resistance, according to independent financial analyst Josh Rager. The benchmark cryptocurrency could fall by as low as 30 percent, said the Blockroots co-founder, while taking cues from his...

"Demography is destiny." It's a popular phrase, but it's incorrect. Tokyo, where gray-haired individuals far outnumbered children in the streets. But the hustle and bustle also revealed that Japan does not accept that its aging population means its economic prospects must diminish. On the contrary, Japan is harnessing two of its...

Candy maker Ferrero is buying Wells Enterprises, the ice cream giant that owns Blue Bunny, Blue Ribbon Classics and Halo Top. The two privately held companies did not disclose financial terms of the deal in their announcement on Wednesday. The transaction is expected to close in early 2023. Ferrero’s portfolio already...

The economy is in a rut right now, but probably not for long. Many forecasters think a solid recovery will be under way by the second half of 2021, with lost jobs rapidly returning and consumers going on a...

World shares and the euro hit their strongest levels since March on Tuesday after European Union leaders sealed a 750 billion euro ($857 billion) post-pandemic stimulus plan after a marathon five-day meeting. Hopes that vaccines against the COVID-19 disease...

The US military has suffered the first crash in its hugely expensive F-35 fighter jet programme. A F-35B jet came down in South Carolina, the Marine Corps said. The pilot managed to safely eject and there were no injuries. The Marines said in a statement that an investigation into the cause...

HSBC are back with a new fintech project looking to compete with the likes of Revolut and Wise. Zing, its new money transfer service, has been in the works for some time now and has been bringing together HSBC veterans, and...

Spotify (SPOT) reported fourth quarter financial results on Wednesday that beat Wall Street expectations — although the stock plunged after the company gave weak guidance on monthly active users for Q1 2022. Here is how Spotify performed this quarter,...