China’s financial crisis: Bank stocks fall to historic lows

Trending 11/09/22, 18:23

The bad debts of China's largest banks continue to grow and the financial bubble seems to be on the verge of bursting. Pessimism and disbelief about the Chinese banking system fell to unparalleled levels, even below those recorded during the U.S. housing crisis in 2008. China's four largest financial institutions, including ...

Why China’s ‘lending ceases’ is a symptom of a wider crisis

Trending 08/17/22, 17:47

Real estate has always been the engine of China's economic growth, and a wave of loan suspensions caused by unfinished buildings is hitting Chinese property developers and the country's real estate market hard. However, analysts pointed out that the real threat to China's economy is not the wave of loan ...

13-year-old dies after collapsing during football practice in Michigan

U.S. 08/29/19, 16:03

A 13-year-old boy has died hours after he collapsed during football practice in western Michigan on Wednesday, Aug. 28, police said. Saranac Community Schools seventh-grader Skylar Lasby, collapsed Wednesday evening during a non-contact drill and was taken to Helen DeVos Children's Hospital where he was pronounced dead, school and hospital officials ...

Big quake in Romania could topple many schools, buildings

Science 10/29/18, 13:03

Romanian authorities say 170 schools and some 350 apartment buildings in the capital of Bucharest would not withstand a major earthquake. They spoke Monday, a day after a quake with a magnitude of 5.8 hit eastern and central Romania, the biggest in 14 years. There were no reports of significant damage. The ...

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