Chinese developer Longfor takes a big hit as its billionaire chair steps down For a while now, China's housing market has been struggling. Starting with Evergrande, developers low on cash began defaulting on loans and failing to finish projects.
Workers flee the world’s biggest iPhone factory, Foxconn, in China over COVID lockdown Foxconn, the world’s biggest iPhone factory in Zhengzhou, China, with around 200,000 workers, had strict COVID measures put in place about two weeks ago to stem an outbreak from spreading outside the plant.
In a big comeback, Lula wins the Brazilian runoff against Bolsonaro On Sunday, Lula narrowly won the presidency for the third time, with a 50.9% vote compared to 49.1% for his opponent, right-wing Bolsonaro.
Russia blames Ukraine for naval attacks and suspends the grain export agreement Ukraine’s Black Sea grain exports were interrupted by Russia’s invasion earlier this year, and grain has been piling up in the country for over eight months. But, in July, the UN negotiated a deal with Russia to allow Ukraine to ship its grain to ease a global food
Halloween stampede in Seoul, South Korea, kills 153 On Saturday night, at least 153 people were killed while celebrating Halloween in the Itaewon neighborhood of Seoul in South Korea. This year, Itaewon attracted thousands of partygoers to celebrate the first mask-free outdoor Halloween since the pandemic started. The incident took place in a crowded party area; thousands of
The European Commission proposes new measures against air pollution Each year, there are 300,000 premature deaths in Europe because of air pollution. It also causes a lot of problems like diabetes, lung disease and cancer. Many European countries have their own laws and approaches to cleaning up the air, water and environment, though they mostly fall short of
Germany approves Chinese shipping company Cosco to buy stake in its Hamburg port Last year, Chinese shipping giant Cosco made a bid to purchase a stake in some terminals at Germany’s largest shipping port in Hamburg. But, officials have been divided over the deal and worried about becoming too reliant on China, its largest trading partner. Some German coalitions and the European