Evergrande Founder Hui Ka Urged to Use Personal Wealth On Company Debt

Beijing has told the founder of the embattled Evergrande group to use his own money to lessen the company’s massive debt after the company’s crisis brought attention to billions of his wealth. Authorities in China issued the directive after the …

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Berlin to Vote on Seizing Rental Properties

Over 350,000 people have signed in a petition, targeting corporate landlords with more than 3,000 apartments each — will be voted on in a local referendum in September.  According to polling, expropriation, which would require firms to give their properties …

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Federal Judge Rules CDC Has No Authority to Grant Eviction Moratorium

United States District Court Judge Dabney Friedrich said the Public Health Service Act does not give CDC legal authority to impose the moratorium on eviction for non-payment. “The Court recognizes that the COVID-19 pandemic is a serious public health crisis …

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WeWork to Go Public through Merger with BowX Acquisition

WeWork has decided to go public through a merger with special-purpose acquisition company BowX Acquisition Corp in a deal that would value the office-sharing startup at $9 billion, including debt. According to people familiar with the matter, the New York-based …

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Amazon Rainforest Land Illegally Sold on Facebook

Parts of the Amazon rainforest land the size of football fields are sold illegally on Facebook, the BBC reported.  Land grabbers who do not hold legal land titles were found to be selling parts of the Amazon rainforest land, including …

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