China’s property ‘inventory overhang’ could take more than 10 years to correct, economist says

China’s property ‘inventory overhang’ could take more than 10 years to correct, economist says

The site of a real estate building under construction in Huai ‘an city, Jiangsu province, China, December 26, 2023. CFOTO | Future Publishing | Getty Images China is facing the prospect of a long-drawn correction in its property sector, with the overhang in the housing inventory likely to take more than 10 years to clear,…

Maersk shares surge after shipping firm extends Red Sea pause, freight rates rise

Maersk shares surge after shipping firm extends Red Sea pause, freight rates rise

Shipping giant Maersk on Wednesday notched a second consecutive session of strong gains as investors assessed a ratings upgrade and its decision to prolong a halt on Red Sea travel due to safety concerns. The Danish firm topped Europe’s Stoxx 600 gainers, with its Copenhagen-listed shares provisionally closing up 5.1% following Tuesday’s 6.4% rise. Shares…

Batteries for hire could help Nigerians ditch their generators | CNN

Batteries for hire could help Nigerians ditch their generators | CNN

CNN  —  Although Nigeria has vast energy reserves, more than 92 million people in the country live without access to electricity, according to the International Energy Agency. Those who are connected to the electricity grid have to contend with frequent power cuts, which cost the country $28 billion a year – almost 2% of its…

Six of the most beautiful sections of the Great Wall of China | CNN

Six of the most beautiful sections of the Great Wall of China | CNN

Editor’s Note: Monthly Ticket is a CNN Travel series that spotlights some of the most fascinating topics in the travel world. In September, we’re celebrating superlatives as we look at some of the world’s biggest, tallest and most expensive attractions and destinations. CNN  —  Having lived in Beijing for almost 12 years, I’ve had plenty…

A floating village is stranded on a dry lakebed as extreme drought grips the Amazon | CNN

A floating village is stranded on a dry lakebed as extreme drought grips the Amazon | CNN

CNN  —  A floating village now lies stranded on a lakebed in Brazil’s Amazon as severe drought leaves communities struggling to access food, fresh water and fuel. Dramatically receding water levels in Lake Puraquequara, east of Manaus, the capital of the state of Amazonas, have left boats and floating buildings marooned in the mud. It…

Mexico bus crash kills at least 16 Venezuelan and Haitian migrants | CNN

Mexico bus crash kills at least 16 Venezuelan and Haitian migrants | CNN

CNN  —  A bus crash in the Mexican state of Oaxaca killed 16 people on Friday, according to local authorities, who say most of the passengers were migrants. Three children and two women are among the victims, all of whom are from Venezuela and Haiti, the Oaxaca state attorney general said. At least 27 people…

Princess Catherine Fast Facts | CNN

Princess Catherine Fast Facts | CNN

CNN  —  Here is a look at the life of the Princess of Wales, the former Catherine (Kate) Middleton. Birth date: January 9, 1982 Birth place: Reading, Berkshire, England Birth name: Catherine Elizabeth Middleton Father: Michael Middleton, former airline pilot, now mail-order business owner Mother: Carole (Goldsmith) Middleton, former flight attendant Marriage: Prince William, The…