Diddy’s Los Angeles property burgled
12 January 2021 |
1:36 pm
Rap mogul Sean 'Diddy' Combs has called in the police after one of his Los Angeles homes was burgled.
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Universal Studios Hollywood reopens to impatient theme park fans in Los Angeles, after remaining closed for more than a year due to the Covid-19 pandemic.
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The US will support a proposal to waive IP protections for coronavirus vaccines, Washington's top trade official said. More than 100 countries want the temporary suspension of patents on COVID-19 vaccines.
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Cardinal Angelo Becciu is one of ten individuals facing charges such as extortion, abuse of office and fraud. The indictment relates to a €350 million investment in a London real estate venture.
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The education board for the Los Angeles Unified School District, the second biggest in the US, votes that children aged 12 or over who attend public schools in the city will have to be fully vaccinated against Covid-19 by the start of next year. This is the first such requirement by a major education board in the US.
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China Evergrande, once the country's second-largest real estate developer, is drowning in debt. Some 1.5 million people have put deposits on new homes that have yet to be built. A collapse could be catastrophic.
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With its Terminator, Wizard of Oz and E.T. props on show, The Academy Museum of Motion Pictures is set to receive its first visitors on September 30. Upon opening, the museum -- run by the Oscar-awarding Academy -- will be the largest film-dedicated museum in North America.
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On the face of it, Chinese property developers' debts appear big enough to crash the national economy. But several factors could limit the real estate downturn and the threat of global financial contagion.
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Since September, the name Evergrande has caused panic on stock exchanges around the world. Paralysed by $300 billion in debt (€260 billion), or the equivalent of 2 percent of Chinese GDP, the country's second-largest real estate developer is now threatening Chinese growth. Evergrande has more than 1,300 construction projects across China, as well as financial products, electric cars, livestock, bottled water and even a football club.
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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.
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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.
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