You'll be surprised to learn that Dubai has these ten things...China's largest private property developer warned on Wednesday of default risks if its financial performance continues to deteriorate, and said it "felt deeply remorseful" for its record loss in the first half. Country Garden posted a net loss between January and June of 48.9 billion yuan , versus a 6.7 billion yuan net loss in the second half of 2022 and a 612 million yuan net profit in the first half of 2022.
The liquidity stress in Country Garden became public this month after it missed two dollar-coupon payments - which the developer confirmed for the first time on Wednesday - and sought to extend an onshore private bond repayment, deepening contagion fears.Canadian Prime Minister Justin Trudeau has been a mediocre, ineffective leader since coming to power in 2015. Every time you believe he’s reached the lowest depths of political incompetence, he finds a new way to sink even further into the muck.
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