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Month: October 2021

Evergrande and these Chinese real estate developers are already in trouble

By Anneken Tappe and Diksha Madhok, CNN Business China’s real estate crisis isn’t showing any sign of letting up. Embattled conglomerate Evergrande rattled global markets in September by warning it could default on its huge debts. Since then, more developers have made similar public confessions, unnerving investors and raising fears of contagion across the vast

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Germany’s newly elected parliament to convene for first time

BERLIN (AP) — Germany’s newly elected parliament is set to hold its first meeting. The 736-member lower house, or Bundestag, is expected to elect as its new speaker Baerbel Bas of the center-left Social Democrats, which emerged from last month’s election as the strongest party. German Chancellor Angela Merkel will attend Tuesday’s meeting although she

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Myanmar skips ASEAN summit after its military ruler shut out

By EILEEN NG and JIM GOMEZ Associated Press KUALA LUMPUR, Malaysia (AP) — Southeast Asian leaders have begun their annual summit without Myanmar, amid a diplomatic standoff over the military-ruled nation’s exclusion from the group’s meetings. Myanmar skipped the summit in protest after the regional bloc — the Association of Southeast Asian Nations, known as

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NYPD officers face questions about Eric Garner’s death in rare judicial inquiry

By Sonia Moghe, CNN Eric Garner’s mother and other police reform advocates have begun questioning New York Police Department officers in court as part of a judicial inquiry on issues surrounding her son’s death, pressing them on topics ranging from erroneously charging Garner with felony cigarette tax evasion to texting a colleague shortly after Garner’s

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Israel envoy to brief US over ban on Palestinian groups

By TIA GOLDENBERG Associated Press TEL AVIV, Israel (AP) — An Israeli Foreign Ministry official says the country is sending an envoy to Washington amid a deepening rift with the Biden administration over six outlawed Palestinian rights groups. Israel last week designated the prominent Palestinian groups as terrorist organizations. The move sparked international criticism and

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