China’s second largest real estate developer Evergrande has been officially declared in default by credit agencies. The ramifications of this will be felt by homebuyers and millions who rely on the sector for employment. Al Jazeera’s @Katrina Yu reports from Suzhou, China. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #AlJazeeraEnglish #China #Evergrande
The COVID-19 pandemic has caused logistical headaches for global shippers thanks to raised transport costs, quarantine measures and extra paperwork. China’s zero-tolerance approach to the coronavirus has not helped: in May it closed one of its busiest ports because of a COVID-19 outbreak. That has affected the supply of Chinese products to the United States, dampening the Thanksgiving Day holiday sales, when shoppers are traditionally on the hunt for bargains. Al Jazeera’s @Katrina Yu reports from Beijing, China. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #AlJazeeraEnglish #China #SupplyChain
The International Monetary Fund earlier this week said it had agreed with Islamabad on measures needed to reive a stalled $6bn funding programme for Pakistan where inflation reached more than 9 percent in October. Pakistanis are struggling to make ends meet as the economy takes a dive. The price of goods has hit a 70-year high and the local currency has weakened against the US dollar. Al Jazeera’s Osama Bin Javaid reports from Islamabad, Pakistan. – Follow us on Twitter: https://twitter.com/AJEnglish/ – Find us on Facebook: https://www.facebook.com/aljazeera/ – Check our website: https://www.aljazeera.com/ #Pakistan
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Al Jazeera has spoken exclusively to Haiti’s most powerful gang leader. Armed groups now run large parts of the country and have filled a power vacuum left by the assassination of President Jovenel Moise in July. Al Jazeera’s Rob Reynolds has more from Port-au-Prince, Haiti. – Follow us on Twitter: https://twitter.com/AJEnglish/ – Find us on Facebook: https://www.facebook.com/aljazeera/ – Check our website: https://www.aljazeera.com/ #Haiti
China’s Evergrande Group – the world’s most indebted real estate developer – has offered to pay back some of its investors with some of its properties. The company has been struggling to raise funds to pay debts estimated at $300bn. If it fails it could affect China’s economy – the world’s second-largest – but China pumped more cash into its banking system on Friday to avert a liquidity squeeze. Al Jazeera’s Laura Burdon-Manley reports. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #AlJazeeraEnglish #China #Evergrande
A fuel crisis in Lebanon has worsened in the past few weeks with supplies dwindling and the Lebanese pound having lost most of its value. Severe shortages and high petrol prices have increased transport costs, impacting people’s earnings and making even getting to work more difficult. Al Jazeera’s Sara Khairat reports from Beirut, Lebanone. – Follow us on Twitter: https://twitter.com/AJEnglish/ – Find us on Facebook: https://www.facebook.com/aljazeera/ – Check our website: https://www.aljazeera.com/
Lebanon faces a severe fuel shortage that is paralysing life and endangering patients lives as hospitals struggle to cope. Businesses are also scaling back operations or shutting down completely. The country is in economic turmoil. Al Jazeera’s Zeina Khodr reports from Beirut. – Follow us on Twitter: https://twitter.com/AJEnglish/ – Find us on Facebook: https://www.facebook.com/aljazeera/ – Check our website: https://www.aljazeera.com/
The collapse of the Lebanese economy is rapidly accelerating. Rival politicians have so far failed to agree on the shape and make-up of a new government that would be needed to ensure international aid. And as Al Jazeera’s Zeina Khodr reports from Beirut, those same politicians are accused of decades of corruption that has nearly bankrupted the state. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #Lebanon
Nigeria’s housing crisis has been made worse by the COVID-19 pandemic – with homeownership now out of reach for many people. But for those who have the money, there is no shortage of options in a booming luxury housing market. Al Jazeera’s Fidelis Mbah reports from the capital Abuja – in the second of our four-part series on the rising cost of housing. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #Nigeria
