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China’s Country Garden Faces Winding Up Petition In Hong Kong

China’s Country Garden Faces Winding Up Petition In Hong Kong

Related media - Linked media More than 50 Chinese property developers have defaulted on debts since 2021. They have refused to repay overseas creditors while still making arrangements with Chinese banks for possible eventual repayment. Many of these developers have shares listed on the Hong Kong stock market or have borrowed there, or both. But creditors face formidable obstacles in seeking to recover loans from Chinese real estate developers through petitions to the court system in Hong Kong, said Zerlina Zeng, the head of East Asia corporate credits at CreditSights, a global credit research firm. Most of the assets of…
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Yellen Urges Israel to Restore Economic Ties to West Bank

Yellen Urges Israel to Restore Economic Ties to West Bank

Connected media - Connected media Since Hamas’s brutal Oct. 7 attack on Israel, the Israeli government has been withholding tax revenues that it collects on behalf of Palestinians. Traditionally, that money has been distributed back to the Palestinian Authority, which used it to fund its operating budget. Israel has previously frozen and then released that tax revenue during periods of conflict with the Palestinians. The White House national security communications adviser, John Kirby, said last month that President Biden had discussed with Mr. Netanyahu the need to ensure that the tax revenues were available to pay salaries for Palestinian security…
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Apple Vision Pro Review: First Headset Lacks Polish and Purpose

Apple Vision Pro Review: First Headset Lacks Polish and Purpose

Associated media - Connected media About 17 years ago, Steve Jobs took the stage at a San Francisco convention center and said he was introducing three products: an iPod, a phone and an internet browser. “These are not three separate devices,” he said. “This is one device, and we are calling it iPhone.” At $500, the first iPhone was relatively expensive, but I was eager to dump my mediocre Motorola flip phone and splurge. There were flaws — including sluggish cellular internet speeds. But the iPhone delivered on its promises. Over the last week, I’ve had a very different experience…
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Eye Ointments at CVS and Walmart Pulled Because of Infection Risk

Eye Ointments at CVS and Walmart Pulled Because of Infection Risk

Associated media - Associated media “The products are being recalled due to lack of sterility assurance at the facility noted during an inspection conducted by the Food and Drug Administration,” the announcement said. It added that, as of Feb. 16, the company had not received any reports of adverse reactions related to these products. The products are intended to be sterile, the administrator said, because drugs applied to the eyes bypass some of the body’s natural defense systems. Other eye products have been recalled in recent months. In October, the F.D.A. advised consumers to stop using more than two dozen…
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