Business Times - Business & Financial News, China & International Breaking News

China's mom-and-pop investors, builders and homebuyers caught in Evergrande debt crisis

At an eerily quiet construction site in eastern China's Suzhou, worker Li Hongjun says property developer Evergrande's debt crisis means he will soon run out of food. Christina Xie, who works in export in the bustling southern city of Shenzhen, fears Evergrande has swallowed her life savings.

Yum China CEO says to focus store expansion on smaller cities

KFC operator Yum China Holdings is focusing its store expansion efforts in China on smaller cities,

Features

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U.S. Congressional Committee Receives Thousands Of Documents In Jan 6 Probe

A congressional committee investigating the deadly Jan. 6 assault on the U.S. Capitol received thousands of documents before Thursday's deadline for U.S. companies and government agencies to submit them, a committee spokesperson said.

Additional States Implement Stimulus Checks: Is Yours One Of Them?

The goal is that the economy will improve at a fast enough rate to bring all Americans out of poverty.

China

Alibaba Blasted By State Media Despite Firing Manager Accused Of Sex Assault

Chinese Prosecutors Drop Sexual Assault Case Against Former Alibaba Employee

Authorities determined he had committed forcible indecency but not a crime.

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Global

Sydney To End Lockdown Once 70% Of Adults Are Vaccinated

Establishments will be allowed to reopen and movement restrictions will be lifted once 70% of the adult population is fully vaccinated.

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China

U.S. Congress Stuck Between A Rock And A Hard Place On Raising Debt Limit

Democrats and Republicans will start what could become a monumental game of chicken this month over raising the limit on U.S. government borrowing, as Congress attempts to avert an historic debt default.

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Finance

Sea Limited Aims To Raise $6.3 Billion Through Equity Sale

Sea Limited plans to offer up to 11 million shares, worth an estimated $3.8 billion, and another $2.5 billion of equity-linked debt.

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Company

BlackRock's China Subsidiary Secures $1 Billion In Maiden Fund

BlackRock is the first foreign asset managing company to have business involved in China's $3.6 trillion mutual fund industry.

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Tech

South Korean Researchers Develops 'Skin' That Changes Colors Based On Temperature

The incredible tech mimics how a chameleon changes colors.

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Entertainment

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Sports

Armless Chinese Swimmer Zheng Tao Bags 4 Golds At Tokyo Games

With no arms to propel him on water, the amount of power he generates with just his pair of legs is unbelievable.

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Lifestyle

'Sweet Spot' In Sleep Pattern Could Prevent Alzheimer's Disease: Study

Duration of sleep matters in brain health, study finds.

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Real Estate

Psst! Me Old Cocker. Got 175 Rock? London's Most Expensive Gaff For Sale In Whisper Listing

Details about the sale are shared among brokers and prospective buyers on the DL only.

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Auto

Toyota Cuts Production Target By 3% On Parts And Chips Shortages

Toyota Motor Corp cut its annual production target by 300,000 vehicles on Friday as rising COVID-19 infections slowed output at parts factories in Vietnam and Malaysia, compounding a global shortage of auto chips.

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