Chinese developer Modern Land asked for an extension to repay a $250 million bond. Its chairman and president have pledged to pay off around $123 million in shareholder loans in the meantime.

Chinese developer Modern Land is asking for more time to repay a $250 million bond due later this month. Its chairman and president said they would personally contribute $123.9 million to the repayment. It’s the latest in what’s becoming a series of debt woes spread across China’s real estate sector. Loading Something is loading. Chinese…

Some GOP officials are urging Republican voters to back Democrats in 2022 to save the party from ‘pro-Trump extremists’

Two Republicans are urging voters to ensure “rational Republicans” don’t lose the “GOP civil war.” They are the Trump official turned critic Miles Taylor and former Gov. Christine Todd Whitman. In a Monday op-ed article they said electing “moderate Democrats” was necessary in the short term. Loading Something is loading. Two GOP officials have urged…

Britain’s largest port, which handles nearly 40% of all containers, is facing a massive backlog of ships as it approaches its busiest time of year: the holiday season

The busiest container port in the UK is dealing with major traffic due to a shortage of drivers. The Port of Felixstowe handles nearly 40% of all containers sent to and from the UK. ITV News reported that some companies are already starting to feel the impacts of the congestion. Loading Something is loading. The…

PM expected to back loans for gas price-hit firms

Image source, Getty ImagesFirms hit by a sharp surge in energy prices are expected to get government help worth hundreds of millions of pounds, the BBC understands.Glass, ceramic and paper manufacturers have warned that rising prices may mean they have to charge customers more.On Monday, business Secretary Kwasi Kwarteng submitted a formal proposal asking the…

Covid response one of UK’s worst health failures

By Nick TriggleHealth correspondentImage source, Getty ImagesThe UK’s failure to do more to stop Covid spreading early in the pandemic was one of the country’s worst public health failures, a report by MPs says.The government approach – backed by its scientists – was to try to manage the situation and in effect achieve herd immunity…

UK job vacancies reach 20-year high

Image source, Getty ImagesThe number of job vacancies in the UK has hit a record high, according to the latest official figures.Vacancies hit 1.1 million between July and September, the Office for National Statistics said, the highest level since records began in 2001.The largest increase in vacancies was in the retail sector and in motor…

VSA Again Makes “Soaring 76” List of Philadelphia Region’s Fastest Growing Companies

Haddon Township, N.J. – For the third consecutive year, South Jersey-based VSA Prospecting has earned a spot on the “Soaring 76,” the Philadelphia Business Journal’s annual list of the region’s fastest growing public and private companies. Now in its sixth year, the list celebrates the sustained financial growth of 76 privately held and publicly traded companies…