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Ailing property developer China Evergrande has avoided a default on its debt, at least for now.The cash-strapped company wired $83 million dollars in interest payments it owed offshore bondholders on Thursday.It's coming only days before a deadline that would have plunged Evergrande into formal default.The news was first reported in the state-backed Securities Times and apparently will allow holders of the bond to be paid before Saturday.A source corroborated to Reuters that a payment had been made.October 23 is the end of Evergrande's 30 day grace-period on payment, since it missed the initial deadline a month ago. Evergrande's dollar bonds surged Friday morning, and its April 2022 and 2023 notes jumped more than 10 percent.It's a sign that investors are confident Evergrande will make good on its many coupon payment deadlines ahead, including one on a dollar bond of around $47 million, which will expire on October 29.Evergrande is saddled with over $300 billion in liabilities, and has become the poster child for China's debt-fueled property sector.In recent days, a string of Chinese officials have sought to reassure investors, saying creditors' interest would be protected.
An EU summit in Brussels on Thursday was overshadowed by a squabble over what to do about Poland.This month, the country's constitutional court ruled that elements of EU law were incompatible with the country's charter.The move challenges a central tenet of EU integration and some leaders want Poland to face strong repercussions, including financial penalties.Here are the leaders of the Netherlands, Ireland and Belgium:"I think we have to be tough but the question is how do you get there?""We believe politically we've all made choices in terms of being fully part of the European family in spirit and well as in the letter of that and we are extremely disappointed with developments...""If you want to be part of a club, and if you want to have the advantages of being in a club -- and they are clear to everyone, including the Polish people -- then you need to respect the rules."But Poland's Prime Minister remains defiant and says he won't be blackmailed by the EU. He also has the backing of Hungary."Poland? The best country in Europe. There is no need to have any sanction, it's ridiculous."The European Commission has for now barred Warsaw from tapping into the 36 billion euros of grants and loans it requested from EU funds to help it recover from the health crisis.On top of this, the dispute risks precipitating a new fundamental crisis for the bloc which is still grappling with the aftermath of Brexit.Though any fears of a so-called Polexit can, for now, be put aside.Popular support for EU membership remains at 88% in Poland.
Long story short, guns are very, very dangerous, regardless of the ammo
Actor Alec Baldwin accidentally killed a cinematographer on set of an indie film titled "Rust" after firing a prop gun on Thursday.That's according to authorities who say he also wounded the film's director, Joel Souza.Police in New Mexico confirmed in a statement, “Two individuals were shot on the set of 'Rust.' Halyna Hutchins, 42, director of photography, and Joel Souza, 48, director.”Authorities added that Hutchins was flown by helicopter to the University of New Mexico hospital, where she was pronounced dead.Souza was taken to a different, regional medical center to undergo treatment for his injuries.The severity of those injuries is not immediately known.Variety reported the fatal incident happened at the Bonanza Creek Ranch in New Mexico, a popular production location south of Santa Fe.Security at the film's set confirmed it is on lockdown.No charges have been filed related to the incident, but police said they are investigating the shooting.Baldwin's representatives did not immediately respond to a request for comment.
KUALA LUMPUR, Oct 22 — Veteran DAP politician Lim Kit Siang today said that Pakatan Harapan must defend its moral high ground by rejecting the ‘Melaka Four’. The ‘Melaka Four’ refers...
SoftBank Group Corp is in talks to sell the Paris-based robotics business behind its Pepper android to Germany's United Robotics Group, according to sources and documents reviewed by Reuters, scaling back a business it once touted as a major growth driver. The talks are ongoing and plans could change, said two sources familiar with the matter, who declined to be named as they are not permitted to speak to the media. It is not clear whether SoftBank will retain a stake in the business.
Cold-blooded vengeance K-drama My Name has taken the Netflix No. 1 spot.
Overwhelmed, sad, guilty are some of the emotions young people say they feel when they think of climate change and their concerns world leaders will fail to tackle it. Broadly referred to as climate anxiety, research has stacked up to measure its prevalence ahead of the U.N. talks in Glasgow, which begin at the end of the month to thrash out how to put the 2015 Paris Agreement on curbing climate change into effect. One of the biggest studies to date, funded by Avaaz, an online campaign network, and led by Britain's University of Bath, surveyed 10,000 young people aged 16-25 years in 10 countries.
Wallabies skipper Michael Hooper Friday cautioned his team not to take Japan lightly, calling them "no joke", with threats across the park.
Police in China’s capital Beijing say famed international pianist Li Yundi is a suspect in a prostitution case. A message on the force’s microblog said a suspect had been placed in administrative detention and an investigation opened on Thursday involving a woman identified by her surname Chen and a man named as “Li di," with the first part of his personal name deleted as is standard in police cases. The official China Musicians Association also said it was expelling Li from the organization based on the Beijing Chaoyang District police notice that he had been arrested.
For several years, the Miami-Dade County Pubic Schools had toyed with replacing some of its 1,000 diesel buses with cleaner electric vehicles. Two years on, the school board on Wednesday approved a district plan to use state money to replace up to 50 diesel buses with electric models over the next several years. The transition is part of a small but growing movement led by parents, students and lawmakers to purchase electric school buses to improve the health of students and cut planet-warming carbon dioxide emissions.
PETALING JAYA, Oct 22 — Sahran Sirain has brought joy to children in his village after inventing a creative mini train ride using an ATV (all-terrain vehicle) and empty water containers. A video on...
KUALA LUMPUR, Oct 22 — Everyone’s favourite tiny blue magical creatures are back on the small screen! The Smurfs, an all-new animated series is set to premiere in Malaysia, Indonesia and the...
Barcelona's players met for dinner in a Catalan restaurant late on Wednesday night to celebrate Ansu Fati's new contract and to bond ahead of Sunday's Clasico against Real Madrid.
American skiing star Mikaela Shiffrin will kick off her bid for more World Cup dominance in Soelden on the weekend, the Austrian resort being the first stop of a season that also features the Winter Olympic Games in Beijing in February 2022.
The House of Representatives wants information about the league's probe into the WFT's toxic workplace culture. One problem: Very few documents exist. Just as the NFL intended.
When British pop band Duran Duran made their debut, they did not know how long they would last. Formed by Taylor and keyboardist Nick Rhodes in 1978, Duran Duran rose to fame with hits such as "Girls on Film" and "Rio". The band, with lead singer Simon Le Bon and drummer Roger Taylor, has sold more than 100 million records worldwide and won two Grammy Awards.
Morgan will lead England at this year's T20 World Cup in the United Arab Emirates and Oman, with the team set to take on defending champions West Indies in their tournament opener on Saturday in Dubai. The next edition of the T20 World Cup will be played in Australia next year, followed by the one-day edition of the world showpiece in India in 2023. England won the 50-overs title for the first time in 2019 when the Morgan-led team defeated New Zealand in a memorable final at Lord's.
KUALA LUMPUR, Oct 22 — Kim Seon Ho's ex-girlfriend, who posted about her relationship with him on the internet, has decided to take legal action against death threats and assault on her character....
South Korean battery maker Samsung SDI will jointly produce electric vehicle batteries in the US with global carmaker Stellantis, the South Korean firm said Friday -- its partner's second such deal in a week.