However, the issue is considerably more widespread than just one business, and the timing is quite poor. According to the New York Times, Country Garden's default would be the most recent in a spate of failures in a housing market that has been struggling for years.
Expressing distress over the crisis, the report stated that the drought in the past three years in Afghanistan and the economic crisis over the past two years have increased the needs of the people of the country.
China’s Evergrande Group — once the country’s second-largest property developer — on Thursday submitted a bankruptcy petition in New York, CNN reported.
The Afghanistan Independent Journalists Association (AIJA) in its latest findings revealed that more than 200 cases of violence and arrests involving journalists were recorded in the country.
The water crisis in Afghanistan is further enhanced by various challenges, particularly the most severe drought in 30 years, a deepening economic turmoil, and the enduring effects of forty years of warfare.
The US economy is unlikely to enter into a recession in 2023, minutes of the Federal Reserve’s July monetary policy review meeting showed, and noted that spending and real activities had improved after the banking crisis experienced earlier this year.
Mumbai (Maharashtra) [India], August 16: ZEX PR WIRE, the trailblazing force in modern public relations, captured the limelight at the highly anticipated Money Expo 2023 held at the prestigious Jio World Convention Center in Mumbai. With its disruptive approach to PR, ZEX PR WIRE unveiled a
Himachal Pradesh Chief Minister Thakur Sukhvinder Singh Sukhu chaired a meeting here today to review the prevailing crisis in the state. He said that 157 per cent surge in rainfall over the past four days has resulted in extensive damage across the entire state.
Gurgaon (Haryana) [India], August 15: As India celebrates its Independence Day, marking its freedom from colonial rule, there's another battle that many are gearing up to win - the battle against Anemia. Recent statistics indicate that nearly 53% of women aged 15-49 years and 58.5% of childr
In his 10th address from the ramparts of the Red Fort today, PM Modi said, "The world has still not recovered from Corona. The war gave rise to another crisis. Today, the world is facing the crisis of inflation. Inflation has the entire global economy in its clutches...It is unfortunate t
Recalling the era of COVID-19, Prime Minister Narendra Modi said that India helped different countries during the time of crisis after which India emerged as the "Vishwa Mitra."