Of the countrys Statistics Bureau made a stark warning about the number of Vacant Properties in the country. He said chinas massive population of 1. 4 billion people was not enough to fill the number of empty apartments across the country. Our Asia Business reporter Monica Miller explains. Debt restructuring plans fell apart over the weekend which has led to a massive sell off this morning. We are seeing here in asia, about 24 . This was an unexpected development. The embattled developer said that later on sunday it was unable to issue new debt due to the Ongoing Investigation into one of its domestic subsidiaries. Now this company has been plagued with trying to figure of how to pay off its debt with onshore as well as Offshore Companies and investors. You know, it slumped since 2021 when evergrande defaulted initially on its debt obligations. That was following a clampdown from the government on new borrowing. Multiple homes have been purchased by speculators in this market. That hap
Im lucy, welcome. Hollywood Studio Bosses and the Union Representing writers have reached a tentative deal. Writers have been on strike since early may. The 15,000 plus members still have to vote to ratify the deal. In a statement, the Writers Guild of america said we can say, with great pride, that this deal is exceptional with meaningful gains and protections for writers in every sector of the membership. Actors, though, are Still Holding industrial action. They have been on strike sincejuly. Both strikes have hit the Entertainment Industry hard. Cbs correspondent Wendy Gilette told me what this deal means. This tentative deal between the Writers Guild union and Hollywood Studios is a three year contract. Not many other details have been released just yet. If its approved by the unions 11,000 members, talk shows could get back to work within days. The Writers Guild is calling the agreement exceptional with meaningful gains and protections for writers in every sector of the membership
we ll get an update on the current state of the virus amid a rise in hospitalizations across the united states. good morning, and welcome to way too early on this wednesday, september 6th. i m jonathan lemire, and thanks for starting your day with us. and we ll begin this morning with the stiffest punishment handed down so far for anyone involved in the january 6th capitol attack. enrique tarrio, the former national chairman of the proud boys, was sentenced to 22 years in prison following his conviction on a seditious conspiracy charge for playing a central role in the 2021 insurrection. his sentence is the longest so far, surpassing the 18 years given to oath keeper s founder stewart rhodes. now, prosecutors had sought a 33-year term for tarrio. wearing an orange jumpsuit, an emotional tarrio offered apologies to law enforcement and washington, d.c. residents for his involvement. he asked the judge to show mercy and vowed that he is done with politics. the judge timothy
Asian shares sank on Tuesday, as worries about the Chinese property sector weighed on markets from Hong Kong to Australia, while Japanese investors sold chip stocks on their return from a holiday-extended weekend. Benchmark U.S. Treasury yields hovered near 16-year peaks and the dollar held close to six-month highs as traders braced for a Federal Reserve rate decision on Wednesday, in a week that also sees policy decisions from the Bank of Japan and Bank of England, among others. Japan's Nikkei tumbled 1.1% under the weight of big losses for chip-related stocks including Tokyo Electron and Advantest.