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Evergrande shares sink after restructuring plan scrapped
Shares in embattled Chinese property developer Evergrande plummeted Monday, following the announcement that it would be unable to carry out a restructuring plan intended to guarantee its survival.
Asian markets struggle as traders prepare for higher rates
Asian markets were mixed Monday as investors contemplated the possibility the Federal Reserve will hike interest rates again and keep them at three-decade highs as officials struggle to contain inflation. And Asia struggled in early exchanges Monday, with Hong Kong off more than one percent while Shanghai, Sydney, Seoul, Wellington, Singapore and Jakarta were also lower.
Hollywood writers, studios reach tentative deal to end strike
Striking writers whose industrial action has brought Hollywood to a standstill said Sunday they had reached a deal with studios that could see them go back to work. They have manned picket lines for months outside offices including Netflix and Disney, and -- after they were joined by striking actors in mid-July -- have brought the US entertainment industry to a costly standstill.
EU businesses 'questioning their position' in China: trade commissioner
European businesses in China are increasingly questioning their positions in the face of tough new security laws and a politicisation of trade, an EU commissioner warned in Beijing on Monday. Speaking in Beijing on Monday, Dombrovskis insisted China remained an attractive investment opportunity for European businesses.
'One day I said stop': models describe pressure to stay thin
Maud Le Fort won't be seen on the runways of Paris Fashion Week, which kicks off on Monday, having chosen her health over a career on the catwalk. Now in her 30s, Le Fort came to Paris when she was 18 to pursue a career in modelling and was immediately labelled a "commercial model" -- i.e. not thin enough for the top-end fashion shows.
The 'tyranny of thinness' still dominates fashion
Despite claims that the fashion industry is embracing curvier bodies, the data suggests it could be guilty of what one expert calls "fat-washing". "It's 'fat-washing'," he told AFP, comparing it to criticisms of cynical "green-washing" by which the industry is accused of making empty climate pledges.
Time ticking on US deadline to avert shutdown
Four months after barely avoiding a catastrophic default, the world's largest economy is once again on the verge of a major fiscal crisis. The shutdown prospect comes just four months after the debt ceiling crisis, during which the United States came dangerously close to defaulting on its debt, which could have had disastrous consequences for the American economy and beyond.
ESports makes debut as Asian Games medal event but women left behind
ESports' inclusion as a medal event at the Hangzhou Asian Games was hailed as a landmark, but out of nearly 500 gamers for what is supposed to be a mixed-sex competition, just eight are women. Excited video-game fans thronged a shiny new arena in the Chinese city on Sunday as eSports made its debut at the Games as a medal event, seen as a major step toward Olympic status.
Scottish port feels force of UK fishing storm
In Peterhead, a major port in northeast Scotland and Europe's largest wholesale market for white fish, Brexit was supposed to offer "a sea of opportunity" for locals. - 'Make it work' - In 2019, Boris Johnson, prime minister at the time, visited Peterhead as he sought re-election for his Conservative party on a platform of Brexit promotion, telling locals: "It's a sea of opportunity up here."
AFP
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