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...“We are not going to comment on this matter save as to say that the [secretary of state] has taken such action without as much as requesting a meeting with the companies,” the company said....
...The UAW has outsized political influence in Michigan, a key swing state. Michigan voted for Donald Trump in 2016, but chose Biden in 2020, when the president received a UAW endorsement....
...Vietnamese property tycoon Truong My Lan has been sentenced to death by a court in Ho Chi Minh City for embezzling more than $12bn in the country’s largest financial fraud, state media reported....
...The involvement of a prominent state-owned bank signals a new level of impatience among creditors as a cash crunch for property developers continues to worsen....
...It’s not dissimilar to finding a way to house state-of-the-art materials within the historic structure of Hunts Green Barn....
...Looking forward, we will pursue rate increases in 10 states to improve margins and in other states to keep pace with increases in loss costs. Used-car costs have, in contrast, declined....
...Shares in Chinese state-owned carmaker Changan Automobile climbed on Monday, after the company announced an investment into a spin-off of tech group Huawei’s smart car business....
...It is 28 per cent owned by the Shenzhen Metro, occupying a middle ground between a private and state-owned company....
...State housebuilding schemes in England have “very materially underdelivered” since 2020, according to a review of the government’s housing and regeneration agency, which criticised Whitehall for worsening...
...Toyota has announced $1.4bn to produce electric SUVs in Indiana, lifting its commitments to electrify the US auto sector to nearly $19bn....
...The collapse of the legacy car market after decades of growth poses an existential threat to scores of foreign and state-backed carmakers operating in China....
...The British Property Federation said the change could hit investors wanting to buy badly needed rental homes....
...In a statement, Silverstein confirmed that junior and senior mezzanine debt and mortgage loans were all in maturity default, and that property broker JLL was organising a sale....
...But in New York, some of the best properties coming to market are now sitting for months....
...Huawei’s profit grew 564 per cent in the first quarter amid bumper domestic demand for the Chinese national champion’s smartphones and a growing auto business....
...Vietnamese property tycoon Truong My Lan has been sentenced to death by a court in Ho Chi Minh City for embezzling more than $12bn, state media reported on Thursday....
...Who Engel & Völkers Playa del Carmen House, Viñedo San Lucas, $2.49mn Where Part of the Viñedos San Lucas development, about 30 minutes’ drive from San Miguel de Allende in Guanajuato state....
...European house prices fell for the first time in a decade last year, as strong growth in the property markets of some eastern and southern countries was masked by declines in many northern EU states....
...Property developers in China typically sell homes before they are completed....
...In 2022, it called on member states to address those risks and end even more controversial golden passport programmes, notably in Malta and Cyprus, which offer not just residency but citizenship....
...This week Vanke, a large state-backed developer based in Shenzhen, had its debt rating downgraded by Moody’s....
...The Hang Seng Mainland Properties index rose 0.8 per cent, bringing its gains for the week to 9.5 per cent....
...She has been charged with bribery, embezzlement, abuse of power and “lack of responsibility causing serious consequences”, according to state media. She has denied wrongdoing, state media reported....
...To really bring the issue home, the NY Federal Reserve put out a blog at the end of March on the implications for the United States of a hypothetical China property hard landing....
...Vanke, the second-largest developer in China by sales, is state-backed and had retained investment-grade ratings despite a wave of defaults in the sector since the 2021 collapse of China Evergrande....
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