3 days ago
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.
Walmart, Walgreens and CVS have vowed to appeal after two counties in the state of Ohio successfully sued the pharmacy giants for their role in the opioid epidemic.
Belarus has signaled its intention to talk with the EU over the humanitarian situation at the Polish-Belarusian border. But the deadlock has proven fatal for some of the thousands stranded while trying to reach the EU.
In Turkey, young people recently expressed their frustration with the authorities when students protested an ongoing spike in housing prices. This protest movement reflects the growing difficulties of the general population amid sky-high living costs, even as the government refuses to acknowledge the economic crisis. Our Istanbul correspondents Ludovic de Foucaud, Hussein Asad and Shona Bhattacharyya report.
In Lebanon the car has reigned supreme, with little managing to steer people away from the mighty automobile. But now, the economic crisis is succeeding where everything else failed by challenging Lebanon's national passion for automobile ownership, and driving growing numbers towards greener or more collective transport.
We take a look at the tributes and the criticism of Colin Powell following his passing on Monday. We also look into why the coronavirus may be surging in Russia. Finally, the press is discussing the upsides and downsides of artifacts: namely a rock that’s managed, as Le Monde puts it, to “piss” off a French town.
Funding for aid programs in Afghanistan has dried up since the Taliban takeover last month and experts have warned of an impending humanitarian crisis.
Many Yemini school children have only ever known makeshift schooling. Classes take place wherever they can, on roofs, in bombed out buildings and on the streets. As a new school year rolls around, the students' simple hope of a ‘real school’ remains a distant reality in the war-torn city of Taez. With 600,000 people under government control but besieged by the Huthi rebels since 2015, Taez is one of Yemen's most troubled cities, and has been repeatedly bombed by insurgents.
The Lebanese currency has lost up to 90% of its value, and prices are soaring. Most Lebanese are fighting a daily battle for survival and only a few profit from the skyrocketing exchange rates for the US dollar.
Abductions have become more indiscriminate across northern Nigeria as local criminal gangs view victims as a source of income, and the villagers — who have been ignored by the government — as disposable.
The Avengers: Endgame star has revealed he quietly tied the knot with actress Bridgid Coulter, his partner of 28 years, during the Covid-19 pandemic.
The Indian government has been accused of wasting resources on maintaining its public image during a public health crisis. The ruling BJP claims it is fending off a smear campaign to create a "negative image of India."