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☆ A Shooter’s Parents Were Convicted of Manslaughter. What Happens Next?
▼ + stars: | 2024-03-16 | by ( Jacey Fortin | ) www.nytimes.com time to read: +1 min

When the prosecutor Karen McDonald decided to press criminal charges against the parents of the teenager who carried out the deadliest school shooting in Michigan’s history, even some members of her own staff expressed doubts, fearing the case was too ambitious to win. “It seemed a huge reach to try to hold the parents responsible,” said Linda C. Fentiman, a professor emerita at Pace University who is an expert in health law and criminal law. “This was new legal territory.”But in the end, prosecutors were able to convince two separate juries that they had met their burden of proof. The parents, Jennifer and James Crumbley, were both found guilty on four counts of involuntary manslaughter — one for each of the students who had been shot to death by their son at Oxford High School on Nov. 30, 2021. Now the question is whether the cases will affect the legal terrain around criminal law, parental responsibility and gun legislation.

Persons: Karen McDonald, ”, Linda C, James Crumbley Organizations: Pace University, Oxford High School

Alabama is one of few states without a state lottery, after lawmakers in 1999 rejected a proposal to allow one. The gambling bill, now backed by Republican Gov. Supporters pitched the bill as a means to crack down on small electronic gambling machines that have cropped up in convenience stores and small gambling halls. The controversial bill to enact absentee ballot restrictions would make it a misdemeanor to deliver someone else's absentee completed ballot or distribute an absentee ballot application prefilled with someone else's name. Supporters say the change is needed to combat voter fraud, but opponents say it would discourage voting by absentee ballot.

Persons: ”, Andy Whitt, Kay Ivey, Chris Blackshear, Republican Sen, Garlan Gudger, Gudger, Tari Williams, Sen, Linda Coleman Madison Organizations: Alabama, Republican, Republican Gov, Democratic, ” Republican, Indians, Poarch, Confederate Locations: MONTGOMERY, Ala, . Alabama, Mississippi, Alabama, Tennessee, Georgia, Birmingham

Some of the hardest-hit are babies, young children and their parents, with diapers and formula either hard to find or spiking to unaffordable prices, leading parents to look to inadequate or even unsafe alternatives. “I sold my children’s food so I can buy diapers,” said Raafat Abu Wardeh, who has two children in diapers. A pack of diapers before the war cost 12 shekels ($3.50). There isn’t even aid.”Some parents are using cloth diapers, but those require washing with water, which is also scarce. “This is far from being enough to address the colossal needs of the children in Gaza,” said UNICEF spokesperson Ammar Ammar.

Persons: — Zainab al, Zein, ”, “, Raafat Abu Wardeh, Anis, Zainab, Israel, Ammar Ammar, ” Ammar, Zainab al, Linda, ceaselessly, Magdy Organizations: Health Ministry, Hamas, United Nations ’, UNICEF Locations: DEIR, Gaza, Israel, handouts, Deir, Cairo, israel

DOHA, Qatar (AP) — Twins Wang Liuyi and Wang Qianyi teamed up to capture another gold medal for China in artistic swimming at the World Aquatics Championships on Monday. The 27-year-old sisters won the women's duet technical routine with a score of 266.0484 points. The country's only other medal in artistic swimming was Shortman's solo free bronze at last summer's championships in Fukuoka. Photos You Should See View All 45 ImagesThe Wangs were back on top in duet technical after a disappointing fourth-place showing at Fukuoka. Artistic swimming is split into 11 medal-winning opportunities at the world championships.

Persons: Wang Liuyi, Wang Qianyi, Kate Shortman, Isabelle Thorpe, Spain's Alisa Ozhogina Ozhogin, Iris Tio Casa, Italy's Linda Cerruti, Lucrezia Ruggiero, ___ Organizations: —, China Locations: DOHA, Qatar, Doha, Fukuoka, Budapest, Japan

Opponents said the changes would make it easier for employers to exploit children and longer hours could negatively affect schoolwork. “Nearly 1 million searches have been performed for ‘How can I get a job as a teen.’ They want to work. Democrats opposing the bill argued that current law allows students plenty of time to work and attend school. Rep. Anna Eskamani questioned whether the measure was being proposed because the state's immigrant employment restrictions are making it more difficult to fill some jobs. The Senate has a similar bill that doesn't go as far as the House.

Persons: ”, Linda Chaney, Anna Eskamani, “, ” Eskamani, Kathleen Passidomo, she's, ” Passidomo Organizations: —, Republican, House Locations: TALLAHASSEE, Fla, Florida

The university hailed the decision as a victory for both the board's executive session practices and for access to higher education in Idaho. The University of Idaho has hailed the deal as expanding educational access to adult learners who seek online programs: “University of Phoenix serves primarily working adults. Each will have its own president and leadership team, the University of Idaho said. Representatives for the University of Phoenix didn't immediately respond to an email from The Associated Press seeking comment Wednesday. A deputy attorney general advising the board had approved the executive sessions as compliant with Idaho’s Open Meeting Law, the judge's ruling noted.

Persons: general's, Raúl Labrador, ”, Jodi Walker, David Halperin, Jason Scott's, Labrador, University of Phoenix didn't, Linda Clark Organizations: of Idaho, University of Phoenix, Regents, D.C, Federal Trade Commission, Microsoft, University of Idaho, “ University of Phoenix, Associated Press Locations: Idaho, “, Washington

☆ Evergrande's liquidation crisis won’t be China’s ‘Lehman moment,’ China Beige Book COO says
▼ + stars: | 2024-01-31 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +4 min

China Evergrande Group's logo is displayed on a phone screen in this illustration photo taken on September 27, 2021. Jakub Porzycki | Nurphoto | Getty ImagesA liquidation order to property giant China Evergrande liquidation crisis this week deepened concerns about China's struggling real estate sector — but analysts say the spillover will likely be contained, with one saying it might actually be "good news." On Monday, a Hong Kong court issued a liquidation order to the embattled property developer after it failed to reach a restructuring deal with creditors. China Evergrande, once among the country's largest property developers, is the world's most indebted company — with more than $300 billion in liabilities. Still, questions remain on whether China will recognize the Hong Kong court order for Evergrande's liquidation — since most of the company's assets are in the mainland.

Persons: Jakub Porzycki, Shehzad Qazi, Lehman, Qazi, CNBC's, It's, China Evergrande, Evergrande, Linda Chan, Charlene Chu, we've, Chu Organizations: Nurphoto, CNBC, Lehman Brothers, Hong, Hong Kong Stock Exchange, China macrofinancial, Autonomous Research Locations: China, Hong Kong, Commerzbank

☆ Evergrande's liquidation crisis won’t be China’s ‘Lehman moment,’ China Beige Book CEO says
▼ + stars: | 2024-01-31 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

China Evergrande Group's logo is displayed on a phone screen in this illustration photo taken on September 27, 2021. Jakub Porzycki | Nurphoto | Getty ImagesA liquidation order to property giant China Evergrande liquidation crisis this week deepened concerns about China's struggling real estate sector — but analysts say the spillover will likely be contained, with one saying it might actually be "good news." On Monday, a Hong Kong court issued a liquidation order to the embattled property developer after it failed to reach a restructuring deal with creditors. In other words, no massive credit event," Qazi told CNBC. China Evergrande, once among the country's largest property developers, is the world's most indebted company — with more than $300 billion in liabilities.

Persons: Jakub Porzycki, Shehzad Qazi, Lehman, Qazi, CNBC's, It's, China Evergrande, Evergrande, Linda Chan, Charlene Chu Organizations: Nurphoto, CNBC, Lehman Brothers, Hong, Hong Kong Stock Exchange, China macrofinancial, Autonomous Research Locations: China, Hong Kong

☆ China's economy is facing a nightmarish Year of the Dragon
▼ + stars: | 2024-01-30 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

With the Year of the Dragon less than two weeks away, China's economy wobbled again on Monday. Fragile growthIn late 2022, China's Communist Party finally called time on its harsh zero-COVID measures — but the economy hasn't enjoyed the post-lockdown rebound many forecasters had predicted. DeflationFalling prices are another source of China's economic woes. AdvertisementNone of that speaks to a dedication to the free market — so China will likely keep struggling to attract more foreign investment in 2024. The sell-off reflects investor concern about the economy's overall health, as well as Chinese tech companies falling behind their US rivals in the development of AI.

Persons: wobbled, Linda Chan, Evergrande, Liquidators, hasn't, they'll, Li Qiang, John Kerry, Janet Yellen, Elon Musk, Xi Organizations: Hong, Business, China's Communist Party, World Bank, Tesla, Communist Party, Bain, Co, Big Tech, CSI Locations: Hong Kong, Evergrande, Beijing, China, Japan, Shanghai

☆ Evergrande, the massive Chinese real estate developer with $300 billion in debt, is ordered to liquidate by a Hong Kong court
▼ + stars: | 2024-01-29 | by ( Clare Jim | Xie Yu | ) www.businessinsider.com time to read: +3 min

A Hong Kong court on Monday ordered the liquidation of real-estate developer China Evergrande Group. Evergrande is the world's most indebted developer with more than $300 billion of total liabilities. AdvertisementA Hong Kong court on Monday ordered the liquidation of China Evergrande Group, a move likely to send ripples through China's crumbling financial markets as policymakers scramble to contain the deepening crisis. Evergrande had been working on a $23 billion debt revamp plan with the ad hoc bondholder group for almost two years. Before Monday, at least three Chinese developers have been ordered by a Hong Kong court to liquidate since the current debt crisis unfolded in mid-2021.

Persons: —, Evergrande, Hui Ka Yan, Linda Chan Organizations: Monday, China Evergrande, Service, Hong, China Evergrande Group, Hong Kong High, Evergrande Locations: Hong Kong, Beijing, China

☆ China Evergrande Must Be Liquidated, a Judge Said. What Happens Next?
▼ + stars: | 2024-01-29 | by ( Alexandra Stevenson | ) www.nytimes.com time to read: +1 min

After nearly two years of false starts, last-ditch proposals and pleas for more time, China Evergrande, a massive property company, has been ordered to dismantle itself. The worries in real estate, where most households put their savings, helped tip the economy into a downturn. The Evergrande bankruptcy will play out in Hong Kong and China. A Hong Kong judge, Linda Chan, on Monday ordered Evergrande’s liquidation and appointed Alvarez & Marsal, a firm that specializes in bankruptcy cases, to manage the unwinding. The firm’s role will be to help creditors — particularly overseas investors who made loans to Evergrande — get some of their money back.

Persons: Lehman, Linda Chan, Alvarez, —, Marsal Organizations: Lehman Brothers, U.S ., Hong, Marsal, Court, Alvarez Locations: China, U.S, Hong Kong, Beijing

☆ There may be little to recover in the $300 billion Evergrande debt saga
▼ + stars: | 2024-01-29 | by ( Huileng Tan | Nidhi Pandurangi | ) www.businessinsider.com time to read: +5 min

Read previewChina Evergrande — the world's most indebted property developer — received a liquidation order from a Hong Kong court on Monday, but there may be little left to recover, said experts. Hong Kong-listed China Evergrande Group's stock price plunged 21% before the court hearing. But several experts BI spoke to prior to Monday's court order said Evergrande's liquidation will be challenging. AdvertisementIt's bad news for creditors, Mat Ng, the managing director at Grant Thornton, a professional services firm that specializes in restructuring, told BI. Despite the complications that could come with Evergrande's liquidation, there may be some upside in the longer run.

Persons: —, Evergrande, Liquidators, Linda Chan, Chan, Siu Shawn, Mat Ng, Grant Thornton, Ng, That's, John Bringardner, Bringardner, Daniel Margulies, Margulies, Andrew Collier Organizations: Service, Business, Evergrande, Reuters, Trading, Securities Times, Deloitte, Investors, Orient Capital Research Locations: China, Hong Kong, Evergrande, Asia

HONG KONG (AP) — A Hong Kong court on Monday ordered property developer China Evergrande Group to liquidate after it was unable to reach a restructuring deal with creditors. The liquidation order is likely to impact China’s financial system, even as authorities try to prevent a selloff in the Chinese stock market. The company first defaulted on its financial obligations in 2021, just over a year after Beijing clamped down on lending to property developers in an effort to cool a property bubble. Real estate drove China’s economic boom, but developers borrowed heavily as they turned cities into forests of apartment and office towers. Others developers including Country Garden, China’s largest real estate developer, have also run into trouble, their predicaments rippling through financial systems in and outside China.

Persons: Linda Chan, Evergrande, Fergus Saurin, ”, Saurin Organizations: China Evergrande Group, Country, Zhongzhi Enterprise Locations: HONG KONG, Hong Kong, Beijing, China

☆ A winter weather pattern change is about to bring a wild swing in temperatures to the US
▼ + stars: | 2024-01-19 | by ( Mary Gilbert | ) edition.cnn.com time to read: +9 min

Mark Zaleski/The Tennessean/USA Today Network Snow falls on parked cars in Concord, New Hampshire, on January 16. Monday's caucuses were the coldest ever , with high temperatures below zero across much of the state. Dan Powers/USA Today Network Firefighters rescue a man after his car was stuck in a flooded area in Charlotte, North Carolina, on January 9. Gregg Pachkowski/USA Today Network Snow covers the trees around the Holy Hill Basilica and National Shrine of Mary in Hubertus, Wisconsin, on January 9. Tariq Zehawi/NorthJersey.com/USA Today Network Flooding is seen at an intersection in Spartanburg, South Carolina, on January 9.

Persons: Nature, Nikki Haley, Deb Cram, Andrew Kelly, Mark Zaleski, Snow, Will Lanzoni, Rogelio V . Solis, Amanda Andrade, Rhoades, Reuters Isaac Hammond, Geoff Stellfox, Brandon Bell, Christian Monterrosa, Daniel Cole, Dan Busey, Crews, RJ Sangosti, Jeffrey T, Barnes, Chip Somodevilla, Barbara J, Al Drago, Gary Hershorn, Brendan McDermid, Joseph Prezioso, Jim Vondruska, Andrew Harnik, Eric Seals, Rebecca Zimmerman, Antonio Perez, Zuma Snow, Erin Hooley, Drake, Sam Wolfe, Bryan Woolston, Kelly, Jo St, Aubin, Dan Powers, Peter Zay, Floyd Bennett Field, Spencer Platt, Scott Olson, County Sheriff Tommy Ford, Jaide Garcia, CNN Linda Cox, Gregg Pachkowski, of Mary, Mike De Sisti, Joe Raedle, Michael Gordon, Michael Gordon Workers Brian Henderson, Phil Murphy, Tariq Zehawi, Alex Hicks Jr Organizations: CNN, Omni Mount Washington, USA, Reuters, Mississippi State Capitol, Reuters Isaac Hammond braves, Austin, Bergstrom International Airport, Iowa State Capitol, Getty, Denver International Airport, MediaNews, Denver Post, NFL, Buffalo Bills, Pittsburgh Steelers, AP, Columbus Dispatch, Bloomberg, Corbis, Reuters Storm, AP Vehicles, Chicago Tribune, TNS, Storm Bros, Network Firefighters, County Sheriff, National, of, Milwaukee Journal, People, Michael, Michael Gordon Workers, New, New Jersey Gov, Spartanburg Herald, Chicago, Minneapolis Locations: Bretton Woods , New Hampshire, New, New York, Philadelphia, Baltimore, Washington, Nashville , Tennessee, Concord , New Hampshire, Jackson, Wheeling , Illinois, Washington ,, Malcolm , Iowa, Austin , Texas, Des Moines, AFP, Florence , Alabama, Orchard Park , New York, Williamsburg , Iowa, Worthington , Ohio, Atlantic , Iowa, Hudson, Jersey City , New Jersey, Winthrop , Massachusetts, Ankeny , Iowa, Iowa, Northwestern, Farmington Hills , Michigan, Oak Park , Illinois, Chicago, Bamberg , South Carolina, Annapolis , Maryland, Kaukauna , Wisconsin, Charlotte , North Carolina, Anadolu, Brooklyn , New York, Iowa City , Iowa, Panama City Beach , Florida, Florida's Bay County, County, Myrtle Grove , Florida, Hubertus , Wisconsin, Bay County , Florida, Florida , Alabama, Georgia, Totowa , New Jersey, New Jersey, Spartanburg , South Carolina, Canada, Midwest, Des Moines , Iowa, Minneapolis, Indianapolis, Cleveland, New York City

☆ Northwest faces freezing rain and heavy snow while Arctic blast loosens its grip on eastern US
▼ + stars: | 2024-01-17 | by ( Elizabeth Wolfe | Robert Shackelford | ) edition.cnn.com time to read: +11 min

Mark Zaleski/The Tennessean/USA Today Network Snow falls on parked cars in Concord, New Hampshire, on January 16. Gary Hershorn/Corbis News/Getty Images Snow and ice dust a worker who was removing snow from a sidewalk in Des Moines on January 13. Dan Powers/USA Today Network Firefighters rescue a man after his car was stuck in a flooded area in Charlotte, North Carolina, on January 9. Gregg Pachkowski/USA Today Network Snow covers the trees around the Holy Hill Basilica and National Shrine of Mary in Hubertus, Wisconsin, on January 9. Tariq Zehawi/NorthJersey.com/USA Today Network Flooding is seen at an intersection in Spartanburg, South Carolina, on January 9.

Persons: Nikki Haley, Deb Cram, Andrew Kelly, Mark Zaleski, Snow, Will Lanzoni, Rogelio V . Solis, Amanda Andrade, Rhoades, Reuters Isaac Hammond, Geoff Stellfox, Brandon Bell, Christian Monterrosa, Daniel Cole, Dan Busey, Crews, RJ Sangosti, Jeffrey T, Barnes, Chip Somodevilla, Barbara J, Al Drago, Gary Hershorn, Brendan McDermid, Joseph Prezioso, Jim Vondruska, Andrew Harnik, Eric Seals, Rebecca Zimmerman, Antonio Perez, Zuma Snow, Erin Hooley, Drake, Sam Wolfe, Bryan Woolston, Kelly, Jo St, Aubin, Dan Powers, Peter Zay, Floyd Bennett Field, Spencer Platt, Scott Olson, County Sheriff Tommy Ford, Jaide Garcia, CNN Linda Cox, Gregg Pachkowski, of Mary, Mike De Sisti, Joe Raedle, Michael Gordon, Michael Gordon Workers Brian Henderson, Phil Murphy, Tariq Zehawi, Alex Hicks Jr, Nouran Salahieh, Joe Sutton, Sarah Dewberry, Raja Razek, Jennifer Henderson Organizations: CNN, National Weather Service, Oregon -, . Maine, Police, Rockies, South Washington Cascades, Omni Mount Washington, USA, Reuters, Mississippi State Capitol, Reuters Isaac Hammond braves, Austin, Bergstrom International Airport, Iowa State Capitol, Getty, Denver International Airport, MediaNews, Denver Post, NFL, Buffalo Bills, Pittsburgh Steelers, AP, Columbus Dispatch, Bloomberg, Corbis, Reuters Storm, AP Vehicles, Chicago Tribune, TNS, Storm Bros, Network Firefighters, County Sheriff, National, of, Milwaukee Journal, People, Michael, Michael Gordon Workers, New, New Jersey Gov, Spartanburg Herald Locations: Pacific Northwest, Pacific, Oregon, Northwest, Portland , Oregon, Columbia, Oregon - Washington, Maine, • Buffalo , New York, Buffalo, Tennessee , Mississippi , Arkansas , Kansas, In Tennessee, Knoxville, Washington, Washington , Idaho, Montana, Portland, South, Bretton Woods , New Hampshire, New, New York, Philadelphia, Baltimore, Nashville , Tennessee, Concord , New Hampshire, Jackson, Wheeling , Illinois, Washington ,, Malcolm , Iowa, Austin , Texas, Des Moines, AFP, Florence , Alabama, Orchard Park , New York, Williamsburg , Iowa, Worthington , Ohio, Atlantic , Iowa, Hudson, Jersey City , New Jersey, Winthrop , Massachusetts, Ankeny , Iowa, Iowa, Northwestern, Farmington Hills , Michigan, Oak Park , Illinois, Chicago, Bamberg , South Carolina, Annapolis , Maryland, Kaukauna , Wisconsin, Charlotte , North Carolina, Anadolu, Brooklyn , New York, Iowa City , Iowa, Panama City Beach , Florida, Florida's Bay County, County, Myrtle Grove , Florida, Hubertus , Wisconsin, Bay County , Florida, Florida , Alabama, Georgia, Totowa , New Jersey, New Jersey, Spartanburg , South Carolina, Cincinnati, Detroit, Texas, Gulf, Buffalo , New York, Watertown , Massachusetts, Midwest

The women’s award finalists are 2023 World Cup winners Aitana Bonmatí and Jenni Hermoso of Spain, plus Linda Caicedo of Colombia. “The Best” awards represent FIFA’s version of the older and more prestigious Ballon d’Or prize. The awards ceremony at the Hammersmith Apollo theater in west London includes men's and women's awards for best coach, best goalkeeper and the Puskas Award for best goal. Messi, Mbappé and Haaland also comprised the shortlist for the Ballon d’Or award, which Messi won for an eighth time in October. The women’s eligibility period covered performances from Aug. 1, 2022 through the World Cup final last August.

Persons: —, Lionel Messi, Kylian Mbappé, Erling Haaland, Aitana Bonmatí, Jenni Hermoso, Linda Caicedo, “, Puskas, Messi, Mbappé, Haaland, Spain’s, Bonmatí, Ballon d’Or, Spain's Alexia Putellas, ___ Organizations: Ballon, Hammersmith Apollo, Messi’s, Mbappe’s, England, Barcelona, Spanish, Champions League, FIFA Locations: Spain, Colombia, London, Messi’s Argentina, Mbappe’s France, Qatar, Sydney, Australia

☆ Christina Applegate Presents the First Emmy
▼ + stars: | 2024-01-15 | by ( Alexis Soloski | More About Alexis Soloski | ) www.nytimes.com time to read: +1 min

Christina Applegate made a rare public appearance to present the first Emmy, for supporting actress in a comedy series. Glamorous in a plunging gown and visibly overcome by the long standing ovation she received, she still made self-deprecating jokes about Ozempic and disability. “You’re totally shaming me with disability by standing up,” she told the crowd. Applegate hasn’t announced any new projects since receiving a diagnosis of multiple sclerosis in 2021. (“It’s not like I came on the other side of it, like, ‘Woohoo, I’m totally fine,’” she told The Times in 2022, speaking of that diagnosis.

Persons: Christina Applegate, “ You’re, ”, ” Applegate, Quinta Brunson, “ Abbott, prettiness, Jen, Linda Cardellini’s Judy, Applegate hasn’t, I’m, Applegate, Kelly Bundy, Samantha Who ” Organizations: Netflix, Times

[1/4] The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo Acquire Licensing RightsHONG KONG, Dec 4 (Reuters) - A court hearing into a liquidation petition filed against China Evergrande Group (3333.HK) was adjourned in a Hong Kong court to next month, allowing more time to finalise a debt restructuring proposal in a major relief for the embattled developer. On Oct. 29, when adjourning the hearing to Monday, Hong Kong High Court Justice Linda Chan had said the next hearing would be the last before a decision was made on liquidating Evergrande. Evergrande last week scrambled to put together a revised restructuring plan to avoid a possible liquidation order. The creditors were opposed to the latest restructuring plan and will seek liquidation if the terms do not change, said the advisor.

Persons: Aly, Jan, Linda Chan, Evergrande, Hui Ka Yan, Clare Jim, Sumeet Chatterjee, Kim Coghill, Christopher Cushing Organizations: China Evergrande Group, REUTERS, China Evergrande, HK, Hong, Hong Kong High, Moelis, Authorities, Thomson Locations: China, Shenzhen, Guangdong province, HONG KONG, Hong Kong, Evergrande, destabilised

☆ Evergrande shares rise over 9% as court hearing to wind up property firm is postponed again
▼ + stars: | 2023-12-04 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

NANJING, CHINA - AUGUST 18, 2023 - Aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu province, Aug 18, 2023. The firm was originally scheduled to face a Hong Kong court hearing on Monday over a petition from a creditor seeking to wind up the company. Shares of Evergrande Group rose over 9% as the beleaguered Chinese property firm's court hearing over its possible liquidation was postponed to Jan. 29, 2024. Top Shine, an investor in Evergrande unit Fangchebao, had filed a petition in June 2022 seeking to wind up the property firm. The agency, however, reported that creditors were unlikely to accept Evergrande's new proposal, given low recovery prospects and growing concerns about its future.

Persons: Linda Chan Organizations: Getty, Hong, Bloomberg, Reuters, Hong Kong, Evergrande, New Energy Vehicle Group Locations: NANJING, CHINA, Evergrande, Nanjing, East China's Jiangsu, Hong Kong, Hong Kong's

HONG KONG (AP) — A Hong Kong court will convene a hearing Monday on troubled Chinese property developer Evergrande’s plans for restructuring its more than $300 billion in debts and staving off liquidation. The company, the world’s most indebted property developer, ran into trouble when Chinese regulators cracked down on excessive borrowing in the real estate sector. The Hong Kong High Court has postponed the hearing over Evergrande’s potential liquidation several times. But others including Country Garden, China's largest real estate developer, have also run into trouble, their predicaments rippling through financial systems in and outside China. Police are investigating Zhongzhi Enterprise Group, a major shadow bank in China that has lent billions in yuan (dollars) to property developers, after it said it was insolvent with up to $64 billion in liabilities.

Persons: Hui Ka Yan, Linda Chan, Evergrande Organizations: Hong, Hong Kong High Court, Police, Zhongzhi Enterprise Group Locations: HONG KONG, Hong Kong, Beijing, China

Once China’s most prolific property developer, China Evergrande has narrowly averted liquidation. A Hong Kong bankruptcy judge on Monday gave Evergrande another two months to work out a deal with foreign investors who lost money when the company defaulted two years ago with hundreds of billions of dollars in debt. It was an unexpected development in a bankruptcy lawsuit filed 18 months ago by one investor trying to get paid by forcing the dismantling of Evergrande. It was one of the country’s most successful companies and at the heart of the real estate industry, which drove one third of the nation’s economic growth. But years of overexpansion left it financially precarious, and when it defaulted, it had more than $300 billion of overdue bills.

Persons: China Evergrande, Evergrande, Jan, Linda Chan, ”, Neil McDonald, Kirkland, “, overexpansion Organizations: Hong, Ellis Locations: China, Hong Kong

☆ Evergrande shares fall 20% to all-time low as court adjourns winding-up hearing
▼ + stars: | 2023-10-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Pictured here on Sept. 7, 2023, are residential buildings under construction at the Tao Yuan Tian Jing project, developed by Evergrande in Yangzhou, China. Shares of embattled Chinese property Evergrande hit an all-time low of 18.8 Hong Kong cents (2.4 U.S. cents) after a Hong Kong judge delayed the court hearing to wind-up its business. Evergrande's shares plunged over 20% from last Friday's close of 23.6 Hong Kong cents to the all-time low early Monday, before recovering slightly to 22.2 Hong Kong cents. Reuters reported that Justice Linda Chan from Hong Kong's High Court pushed back the hearing from Oct. 30 to Dec. 4, which would be the last before a decision is made on the winding up order. Evergrande must come up with a revised restructuring proposal before that date, or the company will likely to be wound up, she said.

Persons: Yuan Tian Jing, Linda Chan Organizations: Evergrande, Hong, Reuters, Court Locations: Yangzhou, China, Hong Kong, Hong Kong's

SANDY, Utah (AP) — Alex Morgan missed a penalty at the end of the first half and the United States settled for a scoreless draw with Colombia in an exhibition game on Thursday night. The game, played in chilly temperatures in the mid-30s, was the first of two matches against Colombia. 22 in the world, advanced to the quarterfinals at the Women's World Cup this past summer for the first time. Colombia, which has also qualified for the Olympics, had not played since the World Cup. Catalina Usme, who scored two goals during the World Cup, was unavailable because of an injury.

Persons: — Alex Morgan, Morgan's, “, Emily Sonnett, Cafeteras, Twila Kilgore, Becky Sauerbrunn, “ It's, it's, I'm, ” Sauerbrunn, we've, ” Sophia Smith, Smith, Natalia Girlaldo, Jaedyn Shaw, Linda Caicedo, Catalina Usme, Angela Marsiglia, Nelson Abadía, ___ Organizations: Colombia, England, Paris Olympics, U.S, Soccer, Olympics, Real Mardrid Locations: SANDY, Utah, United States, Colombia, San Diego, Fort Lauderdale , Florida, Frisco , Texas, China

☆ China developer Kaisa tells court creditors will get less than 5% back if liquidated
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

Signs the Kaisa Holdings Group are seen at the Shanghai Kaisa Financial Centre, in Shanghai, China, December 7, 2021. Hong Kong is a special administrative region of China but maintains its own legal system. With $12 billion of offshore debt, Kaisa is China's largest issuer of offshore debt among developers after China Evergrande Group (3333.HK). It had 232.5 billion yuan ($31.91 billion) of total liabilities as of the end of June, including 37.6 billion yuan ($18.88 billion) of total borrowings. ($1 = 7.2872 Chinese yuan renminbi)Reporting by Clare Jim; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, Kaisa, James Wood, Linda Chan, Clare Jim, Kim Coghill Organizations: Kaisa Holdings, Shanghai Kaisa Financial, REUTERS, Kaisa, HK, Investment, Hong Kong High Court, China Evergrande, Thomson Locations: Shanghai, China, HONG KONG, Hong Kong, Shenzhen, Hong Kong . Hong Kong

☆ England defeats spirited Colombia 2-1 to reach Women’s World Cup semifinals
▼ + stars: | 2023-08-12 | by ( Issy Ronald | ) edition.cnn.com time to read: +4 min

CNN —England ground out a 2-1 victory over a spirited Colombia to reach the Women’s World Cup semifinals on Saturday, as goals from Lauren Hemp and Alessia Russo punished defensive errors. And I think we’ve had to dig deep from the first game,” goalscorer Russo told broadcaster ITV. Both teams seemed to reset a little after the break before England took the lead for the first time in the match from an unlikely position. Despite late Colombian pressure, England held on and will now face old rival and tournament co-host Australia in the World Cup semifinal on Wednesday. I think Colombia had a great fanbase out here tonight, so I think we’ve had a little taste, but I’m so excited.”

Persons: Lauren Hemp, Alessia Russo, Leicy Santos, Sarina Wiegman, “, we’ve, Russo, ” Alessia Russo, England's, Carl Recine, Rachel Daly’s, Linda Caicedo, Santos, Mary Earps, Cafeteras, Catalina Perez’s, Lucy Bronze, Georgia Stanway, Australia –, ” Russo Organizations: CNN, Australia, England, Colombia, ITV, Norway, Sydney’s, Colombia – Locations: Colombia, Germany, Nigeria, England, Eurasia, Georgia, Colombian, Australia

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