Skip to Content

Year: 2021

Evergrande can’t pay its debts. China is scrambling to contain the fallout

By Laura He, CNN Business Evergrande has defaulted on its debt. Now Beijing is intervening to prevent a disorderly collapse of the indebted real estate group that could wreak havoc on the world’s second biggest economy. Fitch Ratings on Thursday declared that the embattled property developer has entered “restricted default,” reflecting the company’s inability to

Continue Reading

Delta plane makes emergency landing after passenger assaults flight attendant and air marshal, police say

By Andy Rose, Kay Jones and Pete Muntean, CNN A Delta flight from Washington, DC, to Los Angeles made an emergency landing in Oklahoma City on Thursday night after a passenger allegedly assaulted two people, authorities said. “The passenger assaulted a flight attendant,” Oklahoma City Police Capt. Arthur Gregory told CNN. An air marshal on

Continue Reading