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CNN By Laura He, CNN China’s Evergrande Group, whose collapse in 2021 sparked China’s worst property market crisis on record, has unveiled a multi-billion dollar restructuring plan to make peace with its international creditors. The long-awaited plan could set an important precedence for investors dealing with the growing defaults and restructuring in China’s real estate
Continue ReadingBy Laura He, CNN China’s Evergrande Group, whose collapse in 2021 sparked China’s worst property market crisis on record, has unveiled a multi-billion dollar restructuring plan to make peace with its international creditors. The long-awaited plan could set an important precedence for investors dealing with the growing defaults and restructuring in China’s real estate industry.
Continue ReadingBy MARCIA DUNN AP Aerospace Writer CAPE CANAVERAL, Fla. (AP) — A rocket made almost entirely of 3D-printed parts made its launch debut Wednesday night, lifting off amid fanfare but failing three minutes into flight — far short of orbit. There was nothing aboard Relativity Space’s test flight except for the company’s first metal 3D
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By LLAZAR SEMINI Associated Press BAJRAM CURRI, Albania (AP) — Monika Mulaj’s son was in his second year of college in Albania, studying to become a mechanical engineer, when he resolved to make a daring change: He told his parents he would leave his lifelong home for a new future in Britain. “We had tried
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Some cars cost more to fuel up. Stacker used data from the Department of Energy’s fuel economy database to rank the 23 most gas-guzzling cars of 2023.
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By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares were mixed Thursday after the Federal Reserve raised a key interest rate, while noting the end may be near for its economy-crunching hikes to interest rates. The Fed raised its key overnight rate by a quarter of a percentage point, the same size as
Continue Reading By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares were mixed Thursday after the Federal Reserve raised a key interest rate, while noting the end may be near for its economy-crunching hikes to interest rates. The Fed raised its key overnight rate by a quarter of a percentage point, the same size as
Continue ReadingCNN By Matt Egan, CNN The Federal Reserve faced a particularly vexing decision this week: Should it raise interest rates during a bank crisis? For Tom Barkin, the decision wasn’t especially challenging. Inflation, he says, remains public enemy No. 1. “Inflation is high. Demand hadn’t seemed to come down. And so, the case for raising
Continue ReadingBy Juliana Liu and Anna Cooban, CNN European and Asian markets were mixed during Thursday trade as investors digested the decision by the US Federal Reserve to raise its main interest rate by 25 basis points in a bid to bring down inflation. European markets opened lower, with the region’s benchmark Stoxx Europe 600 index
Continue Reading By JOHN MARSHALL AP Basketball Writer Aliyah Boston recalls her parents prodding her to be more active on social media, to extend her brand as her basketball prowess began to draw national attention. She said she would be more active — and then post just one photo in two months, which is no way for
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EDMONTON, Alberta (AP) — Connor McDavid scored his 60th goal of the season with his second of the game 1:31 into overtime to lift the Edmonton Oilers to a 4-3 victory over the Arizona Coyotes on Wednesday night. Moments after hitting the post, McDavid went high on Connor Ingram, giving him 60 goals in 72
Continue ReadingKCAL, KCBS, TWITTER, @NJTEHCHERCHIAN, MARK MAGNA, CNN, Twitter/@NJTEHCHERCHIAN By Taylor Romine, Brandon Miller and Theresa Waldrop, CNN At least one person was injured after a rare tornado hit a city just southeast of Los Angeles Wednesday, local officials said. The National Weather Service confirmed the tornado “briefly touched down” in an industrial park and warehouse
Continue Reading By LAURIE KELLMAN Associated Press JERUSALEM (AP) — Israel’s prime minister says his government has ”no intention” to return to four settlements in the occupied West Bank dismantled in 2005 under a law that was repealed by the Israeli parliament this week. Benjamin Netanyahu’s statement on Wednesday comes after the Biden administration summoned Israel’s ambassador
Continue Reading By ADAM BEAM Associated Press SACRAMENTO, Calif. (AP) — California lawmakers on Thursday will vote on whether to allow penalties on oil companies for price gouging at the pump, a first-in-the-country proposal aimed at stopping the kind of spikes last summer that caused some drivers pay up to $8 per gallon as the industry reaped
Continue Reading By ADAM BEAM Associated Press SACRAMENTO, Calif. (AP) — California lawmakers on Thursday will vote on whether to allow penalties on oil companies for price gouging at the pump, a first-in-the-country proposal aimed at stopping the kind of spikes last summer that caused some drivers pay up to $8 per gallon as the industry reaped
Continue Reading By ADAM BEAM Associated Press SACRAMENTO, Calif. (AP) — California lawmakers on Thursday will vote on whether to allow penalties on oil companies for price gouging at the pump, a first-in-the-country proposal aimed at stopping the kind of spikes last summer that caused some drivers pay up to $8 per gallon as the industry reaped
Continue Reading By SAM METZ Associated Press PARK CITY, Utah (AP) — Two daughters of a retired optometrist suing Gwyneth Paltrow are expected to testify on Thursday about the lasting effects of their father and Paltrow’s 2016 ski collision as the trial takes on an increasingly personal note on the third day of proceedings. Attorneys are expected
Continue Reading By R.J. RICO Associated Press ATLANTA (AP) — Civil liberties groups and defense attorneys are outraged at the domestic terrorism charges that have been levied against 23 people who were arrested after a masked group attacked an Atlanta-area police training center construction site. The suspects were taken into custody March 5 at a music festival
Continue ReadingBy Jessie Yeung and CNN’s Beijing bureau Beijing, the sprawling Chinese capital and one of the world’s biggest cities, saw its population drop last year for the first time in 19 years as the country grapples with a demographic crisis decades in the making. The city’s population of permanent residents fell from 21.88 million in
Continue Reading By TED SHAFFREY Associated Press MORRISTOWN, N.J. (AP) — Holocaust survivor Tova Friedman is a TikTok star at age 85, thanks to her 17-year-old grandson. In the family living room in Morristown, New Jersey, he records short videos of his grandmother reminiscing about life in 1944 and 1945 when she was a 6-year-old child at
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