China’s cash-strapped local governments drive record asset-backed securities sales
ABS issues bring in badly needed money but some assets are of uncertain quality...
Dec 28Financial TimeseconomicsImpact
ABS issues bring in badly needed money but some assets are of uncertain quality...
Zohran Mamdani, currently a state assemblyman, is set to get a massive raise when he takes office as mayor of New York City. Angelina Katsanis / AFP via Getty Images Zohran Mamdani will earn an annual...
Offshore bondholders of distressed developer China Vanke could face near-total losses in a worst-case scenario, according to Barclays, underscoring the deepening risks in mainland China’s property sec...
Total of 21 deals worth £100mn or more in central London in 2025 is almost double previous year’s figure...
TK Courtesy of Natalie Lynch Natalie Lynch, 56, had been working since she was 15 and was burned out. She wanted a fresh start. In 2024, she moved to Italy, then to Spain, finally settling in a small ...
Resident-only restaurants are increasing in popularity. Tara Berner & Partners Luxury residences are turning to resident-only restaurants to appease tenants. Like any other amenity, they're meant to l...
Darlene McCord-Ochoa helps pay her mortgage by renting out rooms in her home. Courtesy of Darlene McCord-Ochoa Dee McCord-Ochoa makes extra income by renting out rooms in her home. She lost her income...
Jim Franck, 81, is a homebuilder in Oregon who has no plans to stop working, despite being financially comfortable. Brooke Herbert for BI This interview is based on a conversation with Jim Franck, 81,...
A new route connecting Hong Kong’s Yau Ma Tei and Tseung Kwan O will fully open this year, the city’s transport chief has said. Secretary for Transport and Logistics Mable Chan also said on Saturday t...
Jeff Bezos has reportedly purchased a waterfront mansion in Indian Creek, an artificial barrier island in Miami. Karwai Tang/WireImage via Getty Images; Jeffrey Greenberg/Universal Images Group via Ge...
I tried looking for my dream home in various parts of the United States. Florida was great, but I eventually fell in love with the Midwest. Joe Opaleski After college in Florida , I spent time traveli...
AT&T's corporate headquarters in Dallas. Ronald Martinez/Getty Images AT&T told staff in a memo that it is moving its global headquarters to Plano, Texas. The new corporate campus would consolidate th...
Blackstone is acquiring Hamilton Island, a vacation destination near the Great Barrier Reef. Steve Christo - Corbis/Corbis via Getty Images Blackstone is acquiring Hamilton Island, a resort destinatio...
Rippling's CPO said he prefers to understaff than overstaff all his projects. Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images Rippling's product chief Matt MacInnis says he deli...
China Vanke Co., which just days ago got a reprieve on a local bond, is back in a familiar situation, as investors in another note finish voting on the distressed developer’s bid to delay payment amid...
📋 Key Facts ✓ Mr and Mrs Wadley's 19-year-old son has asthma. ✓ The son cannot come home for Christmas due to mould all over the wa...
A multi-storey building under construction has collapsed in Nairobi, with at least four people feared to be trapped beneath the rubble. While the cause is yet to be confirmed, building collapses are c...
Hong Kong’s primary residential home sales in 2026 are forecast to again reach decade-high numbers, as developers continue to clear inventory and homebuyers focus more on small, low-cost flats. Transa...
Amazon could be taking another, even bigger swing at physical stores, this time with a Walmart-like supercenter. On Tuesday, the Orland Park Plan Commission in the Chicago suburb Orland Park, Illinois...
Games Workshop has announced plans to build a new Warhammer World in the United States with a late 2027 target for opening its doors. Warhammer World, in Nottingham, England, is the focal point for Ga...