crisis

SHANGHAI/HONG KONG, Aug 31 - In the beginning, Hui Ka Yan followed a simple formula. Borrow to buy land. Sell homes on the site before they are built. Use the cash to pay lenders and finance the next real estate project.For two decades,…

The energy crisis provoked by the war in Ukraine may prove so economically destructive to both Russia and the European Union that it could eventually diminish both as great powers on the world stage. The implication of this…

Sri Lankan President Gotabaya Rajapaksa formally resigned on July 15, 2022, having earlier fled the country amid widespread protests in the Southern Asian nation. The man who replaced him, Prime Minister and now interim President…