China’s central bank says Evergrande is unique and most real estate developers are stable

An outside view of the Evergrande China Center in Hong Kong, China on March 26, 2018. Bobby Yip | Reuters BEIJING – The People’s Bank of China said Friday that debt developer China Evergrande is its own case, and that most of the country’s real estate companies are stable. Real estate giant Evergrande has $300 … Read more

Arctic could be Russia and EU’s next flashpoint

A new cold front may open up amid the political tension between the European Union and Russia over energy. This time at the North Pole. And on Wednesday, the European Union put forward proposals that could cause it to push for a ban on tapping of new deposits of oil, coal and gas in the … Read more

Tours of Western Wall tunnels show new underground area in Jerusalem

Christian travelers visit Jerusalem to follow Jesus’ final footsteps along the Via Dolorosa, Muslims to reverence the Dome of the Rock, and Jewish people to insert written prayers into the crevices of the Western Wall. Some people do all three. By December, travelers will have a new option available to them when visiting Jerusalem. They … Read more

GDP forecasts by Goldman, JPMorgan, Citi, Stanchart

Workers work at a swimwear factory in Jinjiang, southeast China’s Fujian Province, on Tuesday, September 28, 2021. China advantage | Barcroft Media | Getty Images BEIJING – Ahead of China’s quarterly growth figures on Monday, most major investment banks cut their economic forecasts for the year and warned that sudden power outages and a downturn … Read more