BUSINESS
Chinese Foreign Buyers Bought More US Real Estate Than Anyone Else This Year
Foreign buyers from China bought up more U.S. real estate than buyers from any other country so far in 2022, new data shows. Although Chinese foreign buyers amounted to only 6 percent of all foreign...
Canada Issues Fertilizer Emission Restrictions
A three-day meeting of Federal, Provincial and Territorial Ministers of Agriculture concluded in Saskatoon on July 22 with several provinces’ disappointment over the Liberals’ intent to impose fertilizer emissions reductions. Conservatives are calling on Canadians...
World’s Top Producer of Ammonia, a Key Component in Fertilizer, Slashes Production Amid German Energy Crisis
Ammonia, a critical component used in fertilizer, is about to meet with renewed scarcity as the world’s largest producer cuts production because of a wild energy crisis crushing the German economy. “We are reducing production...
Asia’s Wealthiest Woman Loses $12 Billion in China’s Real Estate Crisis
Yang Huiyan, known as the richest woman in Asia, has lost more than half of her $24 billion fortune as China’s worsening real estate crisis pushes big developers further into debt. Yang, who hails from...
Behind the Timing of Didi Global’s $1.2-billion Fine
News analysis Chinese ride-hailing company Didi Global was hit with a $1.2 billion fine on July 21. The Cyberspace Administration of China (CAC) accused the company of violating laws on cyberspace security, data security, and...
35% of Truckers Say 2022 Will Be ‘Drastically’ Less Profitable Because of Fuel Prices: Survey
Owner-operators of trucking companies are not feeling particularly optimistic in their outlook as to how their 2022 is going to play out, a new survey shows. In a survey conducted by transport industry-leading publication FreightWaves...
3 Evergrande Real Estate Executives Asked to Resign Over Unstable Loans
Evergrande Group, the embattled Chinese real estate giant, has once again become the focus of international attention after it announced on July 22 that three of its top executives had been asked to step down. ...
With Both Small and Large Banks in Trouble, Will China’s Debt Crisis Blow Up?
A banking crisis in China’s Henan Province has seen hundreds of thousands of people unable to access their bank accounts since mid-April. The four banks in question, located in Henan and neighboring Anhui Province, attracted...
A US Railway Strike Is Two Days Away, Unless Biden Intervenes
The United States may face an immediate and severe crisis if a looming strike by railway worker unions that could come into effect as early as 12:01 a.m. on Monday, July 18, if not intervened...
