Finance

China’s Dollar-Denominated Junk Bonds Hit New Lows as Property Developer Hekkeiyuan Faces Default

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China’s Dollar-Denominated Junk Bonds Hit New Lows as Property Developer Hekkeiyuan Faces Default

China’s dollar-denominated junk (non-investment grade) bonds fell to new year-to-date lows. The prospects for the sector have deteriorated as property developer Hekkeiyuan could default on its dollar-denominated bonds if it fails to pay them on time. The average price of Chinese dollar-denominated high-yield bonds fell to 66.8 cents on Monday, the lowest since early December, … Read more

Rise in Four-Day School System in the United States: Alleviating Teaching Resource Shortage and Financial Impact on Parents

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Rise in Four-Day School System in the United States: Alleviating Teaching Resource Shortage and Financial Impact on Parents

When the bell rang at a school in Independence, Missouri, the school’s 14,000 students were trying a new kind of learning: four days a week, Saturday through Monday. They are not alone in this matter. As the fall semester of American schools begins, more and more students will return to the “four days a week” … Read more

AVIV Housing Market Report Q2 2023: Real Estate Prices Rise in 5 European Countries, with Germany experiencing the Strongest Decline

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AVIV Housing Market Report Q2 2023: Real Estate Prices Rise in 5 European Countries, with Germany experiencing the Strongest Decline

09.08.2023 – 08:50 real estate Nuremberg (end) The AVIV Housing Market Report, an analysis of the property markets in 7 selected European countries, shows: Year-on-year comparison: Real estate prices are rising in 5 countries – Germany with the strongest decline (-6.2 percent), Spain with the most significant increase (+7.2 percent) In Germany, the number of … Read more

Japan’s Real Wage Income Drops for 15 Consecutive Months

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Japan’s Real Wage Income Drops for 15 Consecutive Months

According to the preliminary statistical results released by the Japanese Ministry of Health, Labor and Welfare on the 8th, due to the continued high prices, Japan’s real wage income in June fell by 1.6% year-on-year after deducting the price increase factor, which was the 15th consecutive month of year-on-year decline. The statistical results show that … Read more

Animal Shelter in Duisburg Organizes Big Festival with Celebrity Guests and Entertainment

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Animal Shelter in Duisburg Organizes Big Festival with Celebrity Guests and Entertainment

Duisburg. Bouncy castle, show program with animal TV celebrities and a tombola: the animal shelter in Duisburg organizes a big festival at the weekend. The Tierschutzzentrum Duisburg eV, which operates the Duisburg animal shelter, is organizing a large animal welfare festival at Lehmstrasse 12 next weekend, August 12th and 13th. Visitors can expect prominent guests, … Read more

US Credit Card Balances Reach Record $1 Trillion According to New York Fed Data

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US Credit Card Balances Reach Record Trillion According to New York Fed Data

US credit card balances topped $1 trillion for the first time in the second quarter, according to data from the Federal Reserve Bank of New York. As the U.S. economy recovers from the new coronavirus, consumer credit has expanded further. Fed’s 8threportCredit card balances rose $45 billion in the April-June quarter to $1.03 trillion, according … Read more

MrBeast Faces $100 Million Lawsuit Over His Burger Business

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MrBeast Faces 0 Million Lawsuit Over His Burger Business

Is he grilled by his own burger? „MrBeast“ (25) is the most successful YouTuber in the world: 174 million subscribers follow the entertainer, which is the most for a single person on the video platform. For comparison: In Germany, mega YouTuber Pamela Reif (27) “only” has almost ten million followers. Now his success is in … Read more

Italy Imposes Unexpected Tax on Banks’ Excess Profits: What You Need to Know

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Italy Imposes Unexpected Tax on Banks’ Excess Profits: What You Need to Know

Italy’s Meloni government has approved an unexpected tax on banks’ “excess profits” this year. The tax policy has been included in a wide package of measures ranging from taxi licenses to foreign investment. The excess profits tax could put more than 2 billion euros ($3.1 billion) into the state coffers, according to ANSA news agency. … Read more

Berkshire Hathaway Stock Price Reaches Record High on Earnings Beat

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Berkshire Hathaway Stock Price Reaches Record High on Earnings Beat

The stock price of Berkshire Hathaway, an investment and insurance company led by US billionaire Warren Buffett, reached a new high on the 7th. Operating income exceeded market expectations in the April-June (second quarter) financial results announced on the 5th. Related article Berkshire’s Class B shares climbed 3.6% to $362.58, hitting a new all-time high … Read more