China's largest property developer, Country Garden, warned that it is on the brink of default as it reported a staggering loss of almost $7 billion for the first half of the year, deepening a real estate crisis that threatens to unravel the country's already fragile economy.
China's largest real estate developer Country Garden is struggling to stay afloat. A possible bankruptcy could spell more trouble for real estate prices and the wider economy.
A giant, glowing X marks the San Francisco spot where Elon Musk says he plans to keep his company, the messaging platform X, formerly known as Twitter. But city officials and some residents are unhappy with the display.
23 Nov 2022
A giant leap for space exploration: Rocket launch paves way for return to Moon. This week, NASA's next-generation Moon rocket blasted off with three test dummies aboard. The successful launch brings the United States one step closer to putting astronauts back on the surface of the Moon.
13 Sep 2022
Nebraska resident Duane Hansen spent years growing in his garden the 846-pound (384 kg) pumpkin he named 'Berta' to set a record for riding 38 miles (61 km) it down river.
31 Jul 2022
Footage from the concert appears to show a giant screen hitting a performer from boyband Mirror directly on the head and crushing his body. Two dancers were rushed to hospital.
5 Dec 2021
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.
28 Oct 2021
Facebook began this week by announcing more than $9 billion in quarterly profits, an increase of about 17 percent. The social media giant also announced that it now has close to three billion users. But all is not well on the Facebook front as Mark Zuckerberg’s platform has been facing a deluge of scathing reports.
24 Sep 2021
Hundreds of firefighters are battling the Windy Fire to protect several groves of giant sequoias in the United States. The fire has already charred 25,000 acres (10,000 hectares), and a number of separate fires are converging on the California woodland that is home to the huge trees.
19 Jul 2021
A ten-metre-tall puppet which is part of Tokyo Olympics' cultural programme arrives in the capital from tsunami-hit Tohoku region. Mocco, an imaginary creature from the land of Japan's northeastern region, set off on the journey in mid-May, and staged a show in a park in downtown Tokyo. But due to Covid-19 measures, no spectators were allowed.
14 Jul 2021
In Tokyo’s busy business area of Shinjuku, a giant 3D cat on a 4K billboard greets shoppers. Passers-by are flocking to photograph it, with many unable to believe how lifelike it is.
24 Jun 2021
A Russian strongman on Tuesday (June 22) literally put his shoulder to the wheel and set a new record, spinning a giant Ferris wheel in the Moscow region's Natashinsky park.