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☆ India welcomes MotoGP: Monsoon rains, Bollywood superstars and a mystery monkey
▼ + stars: | 2023-09-27 | by ( Jonathan Hawkins | ) edition.cnn.com time to read: +13 min

First-placed Bezzecchi (C), second-placed Prima Pramac Racing's Spanish rider Jorge Martin (L) and third-placed Monster Energy Yamaha's French rider Fabio Quartararo pose on the podium after the Indian MotoGP Grand Prix. Last year Poncharal says he bumped into Dorna CEO Carmelo Ezpeleta, who told him about the potential interest in an Indian MotoGP Grand Prix. As at the G20, the MotoGP race branding also featured the name ‘Bharat,’ rather than India. Bezzecchi is third overall in the championship, 44 points behind Bagnaia after the Indian Grand Prix. “It has been an incredible experience and success for MotoGP to be in India for the first time,” said Ezpeleta.

Persons: India CNN —, Jorge Martin, Fabio Quartararo, Money Sharma, Pramac, Hervé Poncharal, Poncharal, Carmelo Ezpeleta, Prakash Singh, we’ve, Ikjot Singh Bhasin, ” Paolo Ciabatti, “, ” Ciabatti, it’s, ” Poncharal, Herve Poncharal, Jonathan Hawkins, Tissot, Bharat, Marco Bezzecchi, ”, Marc Marquez, Martin, ” Martin, I’m, ” KTM's Jack Miller, Jack Miller, ” Miller, there’s, ” Sebastian Vettel, Andrew Hone, “ I’m, –, Repsol, Suresh Raina, SHARMA, Pecco Bagnaia, Marquez –, Ranveer Singh, Yuvraj Singh, Shikhar Dhawan, Yogi Adityanath, Bezzecchi, Bagnaia, appreciatively, Yamaha’s Frenchman, ” Ikjot Singh Bhasin, don’t Organizations: India CNN, India CNN — Briefly, Buddh, Circuit, Formula One, Pramac, Energy, Getty, Racing, Prix, CNN Sport, Ducati Lenovo, Buddh Circuit, MotoGP, CNN, Ducati, YouTube, Honda, Sprint, Financial Times, Manufacturers, KTM, Husqvarna, Indian, One, India MotoGP Bharat Locations: Noida, Uttar Pradesh, India, New Delhi, East, Asia, South America, Kazakhstan, Delhi, Greater Noida, AFP, Yamaha’s, “

☆ Who is Hui Ka Yan, Evergrande's billionaire boss who went from power circles to police surveillance?
▼ + stars: | 2023-09-27 | by ( Clare Jim | ) www.reuters.com time to read: +5 min

[1/2] Hui Ka Yan, chairman of Evergrande Real Estate Group Ltd, the country's second-largest property developer by sales, attends a news conference on annual results in Hong Kong, China March 29, 2016. A person close to Evergrande said Hui had stopped contacting staff over the past few days, while an industry source said he had become totally inaccessible. Evergrande grew to achieve 700 billion yuan ($95.8 billion) in annual sales by 2020. Outside mainland China, Hui mixed with Hong Kong tycoons. Without the country giving me a scholarship of 14 yuan every month, I could not have completed university," Hui said.

Persons: Hui Ka Yan, Bobby Yip, Yan, Hui, Evergrande, Xi Jinping, Cheng, tycoons, Cheng Yu Tung Organizations: Real Estate Group, REUTERS, Chinese Communist Party, China Evergrande, HK, Evergrande, Bloomberg, Reuters, Forbes, Hong, New, Party, Thomson Locations: Hong Kong, China, HONG KONG, Tiananmen, Guangzhou, Guangdong province, Henan

☆ Airbnb is offering a weekend stay at Shrek's Swamp in the Scottish Highlands: Here’s how to book
▼ + stars: | 2023-09-26 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

Shrek's Swamp will be available for a three night stay from Oct. 27 to Oct. 29. Three months after offering a stay at Barbie's Malibu DreamHouse, Airbnb's latest stunt is a long weekend at Shrek's Swamp. "Ogre enthusiasts can find peace and quiet watching the leaves fall in this mud-laden, moss-covered, murky-watered oasis that is Shrek's Swamp," the listing for the property based on DreamWorks' 2001 hit animated film reads. The bedroom is designed to look exactly how it does in the 2001 animated film. The stay even features Shrek's outhouse.

Persons: Airbnb's, Alix McIntosh Organizations: Malibu, DreamWorks, Scottish Highlands Locations: Scottish

☆ You can book Shrek's Swamp on Airbnb. See inside the fictional ogre's residence — complete with an outhouse.
▼ + stars: | 2023-09-26 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

The swamp from DreamWorks Animation's "Shrek" has come to life, and it will be listed on Airbnb on October 13. The exterior of Shrek's Swamp looks just like the movie. DreamWorks/AirbnbOn the listing, Shrek's best friend and sidekick Donkey is listed as the host of the studio with two beds and one bathroom. DreamWorks/AirbnbAround the swamp, in Highland Council, Scotland, there are trails to explore and endless nature for picnics, according to the listing. AdvertisementAdvertisementIf you miss out on booking Shrek's Swamp, there are also unique stays like a seashell house, treehouses, and converted grain silos on the booking platform.

Persons: Airbnb, —, isn't, Shrek's, Donkey Organizations: DreamWorks, Service, Scottish Highlands Locations: Scotland, Airbnb, Highland Council

☆ Exclusive: Some Evergrande creditors plan to join winding-up petition if no new debt plan by Oct 30
▼ + stars: | 2023-09-26 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +5 min

An aerial view shows the 39 buildings developed by China Evergrande Group that authorities have issued demolition order on, on the man-made Ocean Flower Island in Danzhou, Hainan province, China January 6, 2022. Evergrande has been in the process of seeking creditors' approval for its proposals to restructure offshore debt worth $31.7 billion, which includes bonds, collateral, and repurchase obligations. In July, the hearing for that winding-up petition against Evergrande was adjourned to Oct. 30, in order to wait for the result from the developer's meeting with creditors to vote on its debt restructuring plan. Evergrande needs approval from more than 75% of the holders of each debt class to approve the plan. Many of the defaulted developers have been scrambling to get their offshore creditors' approval for debt restructuring plans to avoid collapse or being forced into liquidation proceedings.

Persons: Aly, Evergrande's, Evergrande, homebuyers, Scott Murdoch, Donny Kwok, Sumeet Chatterjee, Kim Coghill Organizations: China Evergrande Group, Rights, China Evergrande, Group, Thomson Locations: Danzhou, Hainan province, China, HK, Hong Kong, Shenzhen

☆ Meloni’s Italian job is a lesson for EU’s right
▼ + stars: | 2023-09-26 | by ( Lisa Jucca | ) www.reuters.com time to read: +7 min

This is particularly true of Meloni’s surprise decision in August to tax what she called “unjust profits” by domestic banks. Ill-fated tax credits for building renovations introduced by a previous executive are expected to balloon to up to 150 billion euros, UniCredit analysts reckon. That’s 30 billion euros higher than what the current government predicted in April, or around 1.5% of GDP. That’s Meloni’s biggest Italian lesson for parties like Vox and AfD. CONTEXT NEWSThe Italian Treasury will present new economic targets on Sept. 28, which will be the framework for the country’s 2024 budget.

Persons: Spain’s, Benito Mussolini’s “, Rome ”, Ursula von der Leyen, Meloni, Vladimir Putin, –, Silvio Berlusconi, Matteo Salvini – Meloni, ”, Mario Draghi’s, it’s, Giancarlo Giorgetti, Liz Truss, Meloni’s, Vox, Giorgia Meloni, Francesco Guerrera, Oliver Taslic Organizations: Reuters, NATO, European Union, EU, Commission, Economy, Italian Treasury, Thomson Locations: Rome, Italy, Ukraine, Kyiv, China, Greece, Brussels, British, Italian

☆ Greece, Battered a Decade Ago, Is Booming
▼ + stars: | 2023-09-25 | by ( Liz Alderman | More About Liz Alderman | ) www.nytimes.com time to read: +1 min

Paris Skouros pointed toward the sky outside his office in Athens on a recent weekday. Greece’s financial crisis almost ruined his firm, Skouros & Sons, an elevator company. Years of harsh austerity measures imposed by international bailouts had been wrenching, Mr. Skouros said, as new construction ground to a standstill. “During the crisis, we just wanted to survive,” Mr. Skouros said, as the sound of hammers hitting sheet metal rang out in his workshop. “Now we’re profitable, and business is so strong that we can’t find enough workers to keep up with demand.”Laden with debt it couldn’t pay back, Greece nearly broke the eurozone a decade ago.

Persons: Paris, bailouts, Skouros, Mr Organizations: Skouros Locations: Athens, “, Greece

A federal judge has ruled that a university in the Texas Panhandle did not violate the constitutional right to free speech when the school's president canceled a drag show earlier this year. Notably, federal courts have blocked drag show bans in Florida, Montana, Tennessee and a separate federal judge in Texas from being implemented. Yet in his decision, Kacsmaryk argued that drag shows are “sexualized content” and therefore can be more regulated than other forms of free speech. The ruling sparked a legal firestorm, but didn't go into effect because a separate federal judge essentially ordered the opposite in a different case in Washington. Meanwhile, drag shows across the country continue to be targeted by right-wing activists and politicians, with Republican lawmakers in several states, including Texas, proposing restrictions.

Persons: Matthew Kacsmaryk, Kacsmaryk, ” Kacsmaryk, Walter Wendrell, —, Trevor, WT, wasn't, “, ”, JT Morris, Spokespeople, Donald Trump, didn't Organizations: Texas Panhandle, U.S, District, West Texas, M University, WT, Foundation, Rights, FIRE, Republican Locations: United States, Florida , Montana , Tennessee, Texas, Canyon, Amarillo, Washington

RIO DE JANEIRO (AP) — Upon spotting a zookeeper laden with a bucket full of fruit-flavored ice pops, black spider monkeys in Rio de Janeiro’s BioParque gracefully swung their way towards him on Friday, chattering excitedly. The ice pops are part of the monkeys’ well-being program. For the monkeys, the ice pops are watermelon, pineapple or grape flavored. But for Simba, the zoo’s lion, the ice treat is made up of blood or minced meat. To cool her down even more, a zookeeper sprayed Koala with a hose.

Persons: chattering, it's, it’s, ”, zookeeper Tadeu Cabral, Simba, Daniel Serieiro, Carlos Acuña Organizations: RIO DE, National Institute of Meteorology Locations: RIO DE JANEIRO, Rio de, Brazil, Sao Paulo, Costa Rica, Bahia

☆ EU antitrust regulators set Oct. 23 deadline for Arcelik, Whirlpool deal
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

European flags fly outside the European Commission headquarters in Brussels, Belgium September 20, 2023. REUTERS/Yves Herman/File photo Acquire Licensing RightsCompanies Arcelik AS FollowWhirlpool Corp FollowBRUSSELS, Sept 21 (Reuters) - EU antitrust regulators will decide by Oct. 23 whether to clear Turkish domestic appliances maker Arcelik's (ARCLK.IS) proposed purchase of Whirlpool's (WHR.N) European domestic appliances business, an European Commission filing showed on Thursday. Under the deal announced in January, the companies will set up a new entity made up of Arcelik's European units such as major domestic appliances, small domestic appliances and consumer electronics and Whirlpool's European business. The EU competition watchdog can either clear the deal with or without seeking remedies after its preliminary review or it can open a four-month investigation if it has serious concerns. The UK competition agency is also assessing the deal, with a decision due by Sept. 28.

Persons: Yves Herman, Arcelik, Blomberg, Foo Yun, Mark Potter Organizations: European Commission, REUTERS, Whirlpool, Commission, EU, Zenith, Thomson Locations: Brussels, Belgium, BRUSSELS, Arctic, Altus, Grundig

☆ Opinion | A 9/11 Widow’s Plea to Biden Over a U.S.-Saudi Treaty
▼ + stars: | 2023-09-21 | by ( ) www.nytimes.com time to read: +1 min

Fifteen of the 19 hijackers were from Saudi Arabia, as was Osama bin Laden himself. We, the victims’ family members, have been trying to hold these terrorists accountable in court since Sept. 11, 2001. Saudi Arabia has hidden behind sovereign immunity for all these years, and we have been stymied in court because the evidence against the alleged perpetrators is mostly classified. This works to the benefit of Saudi Arabia and works against the victims. Before any defense agreements with Saudi Arabia are ever reached, shouldn’t we first be allowed to hold the kingdom accountable for what occurred on the fateful day of 9/11?

Persons: Kenneth, Osama bin Laden, Biden Organizations: U.S, Officials, Mutual Defense Treaty Locations: Saudi Arabia

☆ One of Ukraine's strongest allies says it will no longer supply Kyiv with weapons
▼ + stars: | 2023-09-21 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

Kacper Pempel | ReutersPoland has said it will no longer supply its neighbor Ukraine with weapons, as a rift over agricultural exports deepens. Jonathan Ernst | ReutersWarsaw has been one of Kyiv's staunchest allies since mutual foe Russia invaded Ukraine in February 2022. Poland has donated a wide range of weaponry to Kyiv, from modern Leopard 2 tanks to Soviet-era fighter jets, as well as delivering military training to Ukraine's armed forces. A Polish farmer during an April 12, 2022 protest against Ukrainian grain imports, which have lowered prices for crops in Poland. In happier times: Ukraine's President Volodymyr Zelensky and Polish Prime Minister Mateusz Morawiecki embrace during a joint news briefing on a day of the first anniversary of Russia's attack on Ukraine, in Kyiv, Ukraine February 24, 2023.

Persons: Kacper Pempel, Mateusz Morawiecki, Morawiecki, Kamala Harris, Jonathan Ernst, Kyiv's, Volodymyr Zelenskyy, Pawel Jablonski, Attila Husejnow, Yulia Svyridenko, Svyridenko, Volodymyr Zelensky, Viacheslav Ratynskyi Organizations: NATO, Reuters, Google, Polska Agencja, Poland's, U.S, White, Washington , D.C, World Trade Organization, United Nations, General Assembly, Kyiv, UN, Assembly, CNBC, EU, Solidarity, European Commission, Slovakia —, WTO, Warsaw, Polish Locations: Europe, France, U.S, Poland, Piskie, Orzysz, Reuters Poland, Ukraine, Kyiv, Warsaw, Washington ,, Reuters Warsaw, Russia, Soviet, Moscow, Romania, Bulgaria, Hungary, Slovakia, Polish, Bratislava, Budapest, Ukrainian

☆ Saudi crown prince says he will keep 'sportswashing' as criticism of the practice grows
▼ + stars: | 2023-09-21 | by ( Drew Richardson | ) www.cnbc.com time to read: +4 min

Call it whatever you want, we're going to get that one and a half percent," the crown prince said. The Saudi Public Investment Fund (PIF), an entity controlled by Crown Prince Mohammed, has backed Saudi soccer clubs and LIV Golf. The LIV Golf merger with the PGA Tour has faced widespread scrutiny. Key U.S. lawmakers have criticized the pending golf merger as an attempt by the kingdom to distract from its human rights record. Prior to the deal, LIV Golf sued the PGA Tour for alleged anticompetitive practices, which prompted the PGA Tour to countersue, saying LIV Golf was stifling competition.

Persons: Saudi Arabian Crown Prince Mohammed bin Salman Al Saud, Prince Mohammed bin Salman, sportswashing, I'm, Critics, Jamal Khashoggi, Cristiano Ronaldo, Dustin Johnson, Bryson DeChambeau, LIV Golf, Crown Prince Mohammed, LIV, Osama bin Laden, It's, Sen, Richard Blumenthal, Conn, Jimmy Dunne, Ron Price, Price, Benjamin Freeman, — CNBC's Lillian Rizzo, Chelsey Cox Organizations: Saudi, Saudi Arabian Crown, Partnership, Global Infrastructure, Fox News, Washington Post, Neymar, PGA Tour, Saudi Public Investment Fund, Crown, Reuters, PGA, Key U.S, Homeland Security, Governmental Affairs, Tour, Quincy Institute, Responsible Locations: Saudi Arabian, New Delhi, India, Saudi, Europe, Saudi Arabia, Key, Yemen

☆ What Fed Rate Moves Mean for Mortgages, Credit Cards and More
▼ + stars: | 2023-09-20 | by ( Tara Siegel Bernard | More About Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

Policymakers at the Federal Reserve will announce their latest decision on interest rates on Wednesday, after a series of increases squeezed the budgets of debt-laden Americans and rewarded those with money to stash in savings. The Federal Reserve has raised its benchmark rate, the federal funds rate, to a range of 5.25 to 5.5 percent to rein in inflation, which recently sped up as gas prices rose. Prices remain elevated, leading the Fed to keep rates high for a prolonged period of time. That means the cost of credit cards and mortgages may remain relatively high, making it more difficult for people who want to pay down debt — as well as those who want to take out new loans to renovate their kitchen or buy a new car. “We were very spoiled for a while with low rates, and that lulled us into a false sense of security in terms of what the true cost of debt can be,” said Anna N’Jie-Konte, president of Re-Envision Wealth, a wealth management firm.

Persons: ”, Anna N’Jie Organizations: Federal Reserve, Federal, Fed, Re

☆ Solskjaer has sympathy for under-pressure Ten Hag
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +3 min

LONDON, Sept 20 (Reuters) - Former Manchester United manager Ole Gunnar Solskjaer said he sympathises with current incumbent Erik ten Hag who is under pressure after a poor start to the season. It's a dream job, but it's difficult," Solskjaer said in an interview with The Athletic. "It was a decision that was very difficult to turn down and I felt we had to take it, but it turned out wrong," Solskjaer said. Solskjaer never won a trophy as a coach at United, the closest being the 2021 Europa League final when they lost to Villarreal on penalties. His reign ended after a 4-1 drubbing at Watford nearly two years ago -- a performance Solskjaer said he knew would result in him losing his job.

Persons: Ole Gunnar Solskjaer, Erik ten Hag, Solskjaer, Alex Ferguson's, Jude Bellingham, Harry Kane, Declan Rice, Wayne, Rooney, Cristiano, Ronaldo, Evan Ferguson, Kane, Harry Maguire, Martyn Herman, Christian Radnedge Organizations: Manchester United, United, Premier League, Bayern Munich, Champions League, Old, The, Arsenal, Chelsea, Dortmund, Newcastle, Europa League, Villarreal, Watford, Thomson Locations: Old Trafford, COVID

☆ Opinion: Russell Brand’s accusers deserve our support
▼ + stars: | 2023-09-20 | by ( Opinion Holly Thomas | ) edition.cnn.com time to read: +7 min

It was also the first time that Brand, who was suspended and then resigned amid the backlash, suffered serious consequences. Brand’s 2007 autobiography “My Booky Wook” details accounts of him spitting in a sex worker’s face and smashing another’s phone into a wall. And as one of Brand’s accusers has claimed, those who pulled the strings weren’t just willing to overlook sinister behavior — they bent over backward to accommodate it. He created a mythology around them, at a cultural moment when women were being villainized in a particularly demeaning, sexual way. If they were ever tempted to turn against him, they’d be forced to interrogate why they hadn’t done so sooner.

Persons: Holly Thomas, Katie Couric, CNN —, ”, Russell Brand, Holly Thomas Holly Thomas The, Brand, “, ” Brand, bin Laden, Brand’s, lothario, Sir Jimmy Savile, Savile, he’d, Johnathan Ross, Andrew Sachs, Sachs, Georgina Baillie, Baillie, he’s Russell Brand, he’s, they’d Organizations: Katie Couric Media, CNN, Sunday Times, The Times, Holly Thomas Holly Thomas The Times, Brand, Metropolitan Police, The Sunday Times, Ardent, MTV, BBC, Times, BBC Radio, HarperCollins Locations: London, Northampton, British

A series of setbacks in the House on Tuesday pointed to the difficult reality for House Speaker Kevin McCarthy and the lower chamber, which appears deadlocked amid the latest revolt by House conservatives. Time is running out.”Lawmakers entered the week eager to see progress, after headway was stymied last week by House and Senate conservatives. I think we are well positioned to do that again.”Political Cartoons on Congress View All 237 ImagesBut by Tuesday afternoon, the continuing resolution vote had been scrapped. Indeed, some analysts have noted that for the House conservatives, perhaps armed with the understanding that their demands have little chance of becoming reality, the ultimate goal may be McCarthy’s removal after all. On the other side of the Capitol, where the House-proposed continuing resolution would have no prospects, senators began to express new levels of angst Tuesday, as the funding deadline nears.

Persons: Kevin McCarthy, “, ”, Jim McGovern, “ You’re, –, Dusty Johnson, bemoaned House Republicans ’, MAGA, Susan Delbene, won’t, McCarthy, Matt Gaetz, ’, Gaetz, shutdowns –, Mitch McConnell, they’ve, ” Sen, Jeanne Shaheen, Sen, Patty Murray, Chuck Schumer Organizations: ” Lawmakers, House, GOP, Republicans, Dusty Johnson , South Dakota Republican, Democrats, bemoaned House Republicans, ”, Washington Democrat, Republican, Caucus, Senate, Capitol, Jeanne Shaheen , New, Jeanne Shaheen , New Hampshire Democrat Locations: Massachusetts, Dusty Johnson , South, Washington, Wisconsin, Jeanne Shaheen ,, Jeanne Shaheen , New Hampshire, Ukraine

So from that perspective, if I’m DOJ, I’d much rather have a Miami jury pool than a Fort Pierce jury pool,” he added. Given its sprawling geographic size, the district has five courthouses — in Key West, Miami, Fort Lauderdale, West Palm Beach and Fort Pierce. “The bigger issue is going to become, can the Fort Pierce courtroom handle this case? “And if they send it to Miami, how are they going to get the jurors there because technically it’s not a Miami case." In St. Lucie, home to Fort Pierce, he won by only 50.4%, but Republicans have continued to gain ground there, and Florida Gov.

Persons: Donald Trump, boastfully, Trump, ”, Richard Kibbey, “ It’s, Jack Smith's, —, It’s, you’re, Michael Sherwin, “, Fort Pierce, Cannon, David Weinstein, Lucie, Martin, Ron DeSantis, Richard Serafini, ___ Tucker Organizations: MIAMI, Trump, Southern District of, Attorney, DOJ, Fort, Associated Press, Southern, Highlands . Trump, Republicans, Florida Gov, Justice Department Locations: Beach, Florida, Stuart , Florida, Fort Pierce district, Washington, Southern District, Southern District of Florida, Miami, Fort Pierce, Key West, Fort Lauderdale , West Palm Beach, Fort, West Palm, Mar, St, Indian, Okeechobee, Highlands

Farmers across the agrarian heartland that makes Thailand the world's second-largest rice exporter should be poised to benefit. These pressures on the sector, reported in detail for the first time by Reuters, are squeezing debt-laden Thai farmers despite tens of billions of dollars in subsidies over the past decade. Successive governments have spent 1.2 trillion Thai baht ($33.85 billion) on price and income interventions for rice farmers in the last decade, estimates Somporn. The average Thai farmer's income has dwindled. Unstable income for Thai rice farmersIn the years since Sripai followed her family into the paddy fields, the challenges have multiplied, but current prices offer a rare opportunity.

Persons: Somporn, Sripai, Danai Saengthabthim, Srettha Thavisin, King Chulalongkorn, Nipon Poapongsakorn, Thailand's, KNIT's, Yingluck Shinawatra, Yingluck, Devjyot Ghoshal, Pasit, Katerina Ang, Kay Johnson Organizations: Farmers, Reuters, Research, Knowledge Network Institute of Thailand, Bank for Agriculture, Agricultural Cooperatives, Agriculture, El, National Water Resources, Thailand Development Research, Nipon, Thomson Locations: Thailand, Kaeo, Chai, India, East, Asia, Africa, Rice, Chai Nat, Bangkok, Bangladesh, Nepal, Vietnam

☆ Evergrande stock tumbles after Chinese police detain staff at its wealth management unit
▼ + stars: | 2023-09-18 | by ( Laura He | ) edition.cnn.com time to read: +5 min

The state-owned Shanghai Securities Journal reported that one of the detainees is the general manager and legal representative of Evergrande Wealth, citing an unnamed source. CNN has reached out to Evergrande and Evergrande Wealth for comment about the investigation, but hasn’t received a response. Of that amount, 34 billion yuan ($4.7 billion) was still unpaid by the end of last year. Multiple protestsProblems at Evergrande’s wealth unit first became widely known in August 2021, when it stopped issuing financial products due to “difficulty” in repaying them. Sayaka Nanbu/APTo appease its creditors, Evergrande Wealth subsequently proposed several repayment plans.

Persons: “ Du, hasn’t, Evergrande, Sayaka Nanbu Organizations: Hong Kong CNN, Hong, Police, Evergrande, Shanghai Securities Journal, CNN, Shenzhen government’s, Evergrande’s Locations: Hong Kong, Shenzhen, Evergrande’s Shenzhen, Shanghai, United States

☆ Wall Street tumbles, Treasury yields gain as focus turns to Fed
▼ + stars: | 2023-09-16 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

The S&P 500 and the Nasdaq reversed their weekly advances, while the blue-chip Dow ended the week nominally higher. European stocks closed higher, extending a rally sparked by the European Bank signaling an end to its rate-hiking cycle, and logging a weekly gain. The pan-European STOXX 600 index (.STOXX) rose 0.23% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.63%. Emerging market stocks rose 0.33%. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) closed 0.58% higher, while Japan's Nikkei (.N225) rose 1.10%.

Persons: Brendan McDermid, Dow, TW, Chuck Carlson, Robert Pavlik, Sterling, Brent, Stephen Culp, Naomi Rovnick, Kevin Buckland, Nick Zieminski, Diane Craft, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Treasury, Nasdaq, Semiconductor, SOX, Reuters, University of Michigan, Federal Reserve, Horizon Investment, Financial, Dakota Wealth, Dow Jones, Bank, Japan's Nikkei, Thomson Locations: New York City, U.S, Philadelphia, Hammond , Indiana, Fairfield , Connecticut, Asia, Pacific, Japan, London, Tokyo

☆ As the sea warms, struggling Cambodian fishermen seek to preserve crab stocks
▼ + stars: | 2023-09-15 | by ( Thomas Suen | ) www.reuters.com time to read: +4 min

[1/5] Fisherman Ung Bun, 39, sits in his boat out at sea off the coast of Cambodia's southern Kep province, Cambodia August 18, 2023. Ung Bun dropped the crab - a male that was too small - back into the sea. The Cambodia government's crab releasing campaign dates back to 2010 but this year it began working with Wild Earth Allies, a non-profit organisation. I can hardly afford to buy gasoline to go out to fish or pay for my children's school fees, and so I face problems with my family," Ung Bun said. "If the villagers see my work, many would not understand what I'm doing," Ung Bun said.

Persons: Bun, Thomas Suen, Ung Bun, Ung, hasn't, Kay Johnson, Edwina Gibbs Organizations: REUTERS, University of Maine's, Allies, Thomson Locations: Kep province, Cambodia, Kep, Kampot

PESHAWAR/KABUL, Sept 15 (Reuters) - The main Afghanistan-Pakistan land border crossing reopened on Friday after being closed for nine days following firing between guards on both sides, a senior Pakistani official told Reuters. Thousands of travellers and hundreds of trucks laden with goods were left stranded last week by the closure the Torkham border crossing, at the western end of the fabled Khyber Pass. Spokespersons for Pakistan's foreign ministry and the Afghan authorities in Nangarhar province confirmed the reopening of the crossing. "The border closure was causing huge losses to traders and common people of the two neighbouring countries," Ziaul Haq Sarhadi, director of the Pakistan-Afghanistan Joint Chamber of Commerce and Industry said. The Taliban foreign ministry criticised the closure of the crossing and said Pakistan security forces had fired on its border guards as they fixed an old security outpost.

Persons: It's, Abdul Nasir Khan, Torkham, Ziaul Haq Sarhadi, Amir Khan Muttaqi, Mushtaq Ali, Mohammad Yunus Yawar, Gibran Peshimam, Tom Hogue, Gerry Doyle, Simon Cameron, Moore Organizations: Reuters, Chamber of Commerce, Industry, Thomson Locations: PESHAWAR, KABUL, Afghanistan, Pakistan, Pakistan's Khyber, Nangarhar province, Pakistani, Peshawar, Jalalabad, Nangarhar, Kabul, Torkham

☆ Inside Infillion's 4-year plan to revive fallen adtech pioneer MediaMath back to a $100 million business
▼ + stars: | 2023-09-14 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

Adtech platform Infillion closed its $22 million deal to buy fallen adtech firm MediaMath out of bankruptcy on Friday. Now Infillion CEO Rob Emrich must make good on a business plan to get MediaMath back to earning $100 million in net revenue within 4 years. It's aiming to relaunch the MediaMath platform in early 2024. Zawadzki and his adtech focused venture capital firm Aperiam Ventures are providing Infillion with strategic advice on getting MediaMath back off the ground. Emrich previously told Insider that Infillion is preparing to take $30 million in operating losses on MediaMath over the next three years.

Persons: Rob Emrich, Infillion, Emrich, MediaMath, there's, Tom Triscari, Infillion isn't, Emirch, Joe Zawadzki, —, Zawadzki, Joe, Aperiam, Eric Franchi Organizations: Facebook, Sanofi, Mobile, Trade, Google, Leomade, Aperiam Ventures, TrueX, Disney Locations: Staples

☆ The most insidious part of online shopping is about to get even worse
▼ + stars: | 2023-09-14 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +16 min

Companies are just baking all those fees into the total price — making the hidden fees even more hidden. On the first page, you see the ticket price. I have never seen a good justification of what I'd call mandatory hidden fees. The Canadian government is also looking to pare down hidden fees. After all, Mahoney told me, "I have never seen a good justification of what I'd call mandatory hidden fees."

Persons: I'd, Neale Mahoney, Joe Biden's, Mahoney, Marcos Villaoslada, Sara Fisher Ellison, Ellison, Harold Hill, obfuscation, you've, Vicki Morwitz, Morwitz, — they've, StubHub, Laura Dooley, StubHub's, pare, Michael Negron, —, they're, Joe Biden, Alex Wong, Maggie Rogers, she'd, Audrey Fix Schaefer, Juliana Kaplan Organizations: Stanford University, White, Economic Council, Europa Press, Getty, MIT, Columbia Business School, YouGov, Ticketmaster, National Economic Council, NPR, Federal Trade Commission, I.M.P, Independent, Association Locations: New York, upsell, Europe, Washington ,

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