5 tips to avoid massive Christmas debt

Shares in Evergrande tumbled as much as 19 percent on Monday in Hong Kong, after the Chinese property developer warned it might not have enough funds to repay its debt, prompting authorities to summon its chairman. A grace period expires on Monday for a coupon repayment worth over $82 million, pushing the company to the verge of default once again. Evergrande has already made three 11th-hour repayments in the past two months.

The Chinese property giant Evergrande has missed a key debt deadline and is inching closer to a possible restructuring. Financial Analyst Danni Hewson explains why the meltdown isn't sparking turmoil on global stock markets. Also in the show: the Carbon Disclosure Project releases its 2021 ranking of sustainable business practices.

Shares in the Chinese property company Kaisa have been suspended from trading in Hong Kong, as fears mount that the firm may be unable to make a $400 million debt payment due on Thursday. Kaisa is a much smaller player than the troubled giant Evergrande, but also has high levels of foreign debt. Also today, we look at how the United Arab Emirates has changed its working week to Monday-Friday to align with other international business hubs.

Dresden's famous christmas market, the Striezelmarkt, has been around for centuries. This year, the planned opening was canceled due to the high incidence rate of coronavirus infections in the state of Saxony.

It’s Christmas season and Netflix is ushering us into the season with Nigeria’s first Christmas film, A Naija Christmas, a hilarious film about three brothers who would just not fulfill their dying mother’s goal of getting a wife this Christmas.

Debt levels have increased as more sub-Saharan countries look towards borrowing. Zambia's debt now equals its total GDP, while Kenya may be speeding towards its own financial crisis.

Concerns are rising across Europe as a number of countries bring in additional measures to combat a surge in infections.

Lawmakers in the United States have voted to raise the government's borrowing limit by $2.5 trillion, narrowly avoiding a catastrophic default. The Senate passed the measure 50-49. The new debt ceiling will give the US government enough space to borrow until 2023, after the midterm elections. Focus in Washington will now return to whether President Joe Biden can get his $1.75 trillion social spending plan, "Build Back Better", passed by the end of the year.

Simon Case was leading the probe into alleged Christmas parties held by Prime Minister Boris Johnson's staff in breach of COVID restrictions. Case has quit after reports of parties in his own office.

On December 19, 2016, Islamist attacker Anis Amri drove a stolen truck through a crowd in central Berlin, killing and injuring dozens. Five years later, the background to the attack remains unclear.

With Israel having closed its borders to most foreigners, Bethlehem's residents are getting ready for a muted holiday season.

‘Tis the season… for emotional manipulation. These images show children seemingly barred from a Christmas market and Father Christmas being dragged away by police. But they are being wielded to pull on people’s heartstrings as the holidays approach, with the fake news mill continuing to twist the facts.