The United Arab Emirates attorney general has announced an investigation into allegations of financial violations by the chairman and other officials of Dubai-based developer Union Properties, , state news agency WAM reported on Sunday.
China Evergrande Group has supplied funds to pay interest on a dollar bond, a person with direct knowledge of the matter said on Friday, days before a deadline that would have seen the developer plunge into formal default.
China Evergrande Group has supplied funds to pay interest on a U.S. dollar bond, a person with direct knowledge of the matter told Reuters on Friday, days before a deadline that would have seen the developer plunge into formal default.
China Evergrande Group has rapidly become Beijing's biggest corporate headache as it wrestles with debts of more than $300 billion and the fate of the country's second-biggest property developer is keeping global markets on tenterhooks.
Banner-waving climate activists rallied outside the Swiss parliament on Friday in support of a Global Climate Strike that youth movement Fridays for Future had called for ahead of the UN climate summit COP26.