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China property crisis: Country Garden faces reckoning, faces fresh debt payments, could announce restructuring soon. The developer, which missed two dollar interest payments last month, has two coupons totaling $66.8 million coming due on Oct 09…

by waitingonawait Friend thinks this will be a nuke to the economy. https://www.reuters.com/world/china/chinese-developer-country-garden-faces-fresh-offshore-payments-deadline-2023-10-09/ HONG KONG, Oct 9 (Reuters) – China’s Country Garden (2007.HK) may announce a restructuring plan for its offshore debt soon, local media reported on Monday, as the country’s largest private property developer faced another looming debt deadline. The developer, which missed two dollar interest …

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Biden to announce $9 billion more in student debt relief

Joe Biden plans to announce on Wednesday that his administration has approved an additional $9 billion in student debt relief for 125,000 borrowers, the White House said. Biden has said he will pursue new measures to provide student loan relief to Americans after the Supreme Court blocked his plan to cancel hundreds of billions of …

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BRICS to Announce Gold-backed Currency at August Summit

by Chris Black Dollar bros, I don’t feel so good. What will the US do to try and prevent this from happening? Here’s a hint: dying empires always start wars. BRICS countries planning new Gold-Backed currency https://t.co/PQAZynwVUr — Yves Pozzo di Borgo (@YvesPDB) July 14, 2023

Chinese, Palestinian leaders announce establishment of strategic partnership

Chinese President Xi Jinping and Palestinian President Mahmoud Abbas announced during their meeting in Beijing on Wednesday the establishment of a bilateral strategic partnership, China Central Television (CCTV) reported. “Having encountered epochal global changes and new challenges in the Middle East, China is ready to strengthen its coordination and cooperation with Palestine to promote an …

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