Thu, Oct 28, 2021
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One third of Chinese developers will struggle to repay debt
Published On: Oct, 28, 202110:08 PM
One third of China's property developers will struggle to repay their debts in the next 12 months, according to a new report, as the sector reckons with increasingly serious headwinds from falling...
Even if the embattled developer Evergrande manages to meet its latest debt repayment and averted a potentially disastrous default, analysts at the credit rating agency S& P warned that many other property companies could be heading towards bankruptcy, the report added. The financial contagion sweeping through the sector represents a serious risk for China - and the global economy - as its investment and construction driven model of growth begins to creak under the strain of mind-boggling debts, the report said. China has suffered housing market downturns before but this one is set to be unusually intense , S& P said. Although Evergrande has emerged as the symbol of the debt-laden structure with liabilities of $300 bn at home and abroad, the Chinese property sector as a whole owes an estimated $5 trillion, according to analysts at... -
Taiwan to ease Covid restrictions from Nov 2
Published On: Oct, 28, 202107:36 PMTaiwan's executive authority said on Thursday that restriction measures imposed to prevent the spread of Covid-19 will be relaxed starting from November 2 onwards as the outbreak has been brought...
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Imran Khan calls NSC meet as TLP protests enter 7th day
Published On: Oct, 28, 202107:34 PM
Pakistan Prime Minister Imran Khan summoned a meeting of the National Security Committee (NSC) on Friday to discuss the situation in the country pertaining to the protests launched by the...
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Islamabad witnesses spike in dengue cases
Published On: Oct, 28, 202104:30 PM
Islamabad has been facing a continuous rise in dengue fever cases with 123 more patients reported during the past 24 hours, health authorities in the Pakistani capital said on Thursday.
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Sudan military leader fires 6 diplomats who criticized coup
Published On: Oct, 28, 202102:02 PM
Sudan's strongman fired at least six ambassadors, including the envoys to the U.S., the European Union and France, after they condemned the military's takeover of the country, a military official said...
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Israel lifts restriction on outdoor gatherings
Published On: Oct, 28, 202101:49 PM
Israeli Ministers have decided to lift the Covid-related restriction on the size of outdoor gatherings starting from Friday onwards, officials said.
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Parts of northeast China on heightened alert as COVID-19 returns
Published On: Oct, 28, 202112:54 PM
A few border cities in northeastern China started to tighten COVID-19 measures, restricting travel and limiting gatherings in public spaces, and some declared a pre-war mode of vigilance and...
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Chinese hypersonic missile test very concerning: Top US Gen
Published On: Oct, 28, 202112:49 PM
A top US General has said that China's suspected hypersonic missile test is close to a Sputnik moment, referring to the Soviet satellite launch that sparked the Cold War arms race, the BBC reported.
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A monk, a student, an artist: Tortured by Myanmar military
Published On: Oct, 28, 202112:11 PM
A monk was made to hop like a frog, in a humiliation tactic. An accountant was shocked with electric probes. An artist was beaten in the head with a baton until he passed out.
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Taiwan defence minister says island must defend itself
Published On: Oct, 28, 202111:55 AM
Taiwan's defense minister said Thursday that Taiwan must be prepared to defend itself and could not entirely depend on other countries to help if China were to launch an attack against the island,...
