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

An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. Bobby Yip | Reuters BEIJING — The People’s Bank of China said Friday that indebted developer China Evergrande is its own case, and that most real estate businesses in the country are stable. Property giant Evergrande has $300 billion in liabilities … Read more

A buried building near Jerusalem’s Western Wall is opening to travelers – here’s what it looks like

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

Here’s how much 10 big banks have cut their China growth forecasts

Workers labor in a factory of bathing suits in Jinjiang in southeast China’s Fujian province Tuesday, Sept. 28, 2021. Feature China | Barcroft Media | Getty Images BEIJING — Ahead of China’s quarterly growth numbers due out on Monday, most major investment banks have trimmed their economic predictions for the year and warned that abrupt … Read more

What is Putin’s greatest worry right now? His own citizens

Russian President Vladimir Putin talks during his meeting with workers after riding a train across the bridge linking Russia and Crimean Peninsula at Taman railways station on December 24, 2019 near Anapa, Russia. Mikhail Svetlov | Getty Images News | Getty Images Improving Russian citizens’ living standards is President Vladimir Putin’s biggest concern right now, … Read more

IMF cuts its global growth forecast, citing supply disruptions and the pandemic

A man passes by a poster of the annual World Bank Group and International Monetary Fund meetings October 11, 2021 in Washington, DC. Alex Wong | Getty Images News | Getty Images The International Monetary Fund is now less optimistic about the global economy for 2021, but still sees reasonable growth over the medium term.  … Read more

Russia offered to pump more gas to Europe. But analysts doubt that’s ever going to happen

A worker adjusts a pipeline valve at the Gazprom PJSC Slavyanskaya compressor station, the starting point of the Nord Stream 2 gas pipeline, in Ust-Luga, Russia, on Thursday, Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images LONDON — Winter isn’t even upon us yet and Europe is already experiencing a gas market crisis with … Read more

U.S. was right — Europe has become a ‘hostage’ to Russia over energy, analysts warn

Russian Prime Minister Vladimir Putin back in 2011. FABRICE COFFRINI | AFP | Getty Images LONDON – After Russia rode to Europe’s rescue and offered to increase gas supplies to the region amid soaring prices, experts said one thing had become abundantly clear: Europe is now largely at Russia’s mercy when it comes to energy, … Read more

As the U.K. battles food, fuel and labor crises, Boris Johnson is set to promise change

Prime Minister Boris Johnson visits the Network Rail Queens Road Compound on October 4, 2021 in Manchester, England. WPA Pool | Getty Images News | Getty Images LONDON — U.K. Prime Minister Boris Johnson is set to promise changes to the direction that the U.K. economy is traveling in, outlining plans on Wednesday for the … Read more

Here’s a ranking of the world’s 50 best restaurants for 2021

An annual list of the world’s 50 best restaurants is back — and for the first time, one city dominated the top two spots. Two restaurants in Copenhagen, Denmark — Noma and Geranium — ranked No. 1 and No. 2 respectively, at “The World’s 50 Best Restaurants” awards ceremony held Tuesday in Antwerp, Belgium. This … Read more

Business insolvencies set to rise globally in 2022 — first time since Covid pandemic, research shows

Pedestrians wearing protective masks walk past an out-of-business sign outside a retail store in Harlem, New York City on August 25, 2020. Noam Galai | Getty Images Business insolvencies are set to rise in 2022 as governments withdraw support measures that have helped companies stay afloat during the Covid-19 pandemic, according to a new report … Read more