Business

China’s Property Crisis: From Evergrande Collapse to Spiraling Prices

Once one of the country’s biggest growth drivers, China’s property market has been in a downward spiral for five years. Real estate values continue to plummet, households in financial distress are being forced to sell properties, and…

Bond Investors Choose Italy Over France as Elections Loom

As markets brace for elections in Italy and France next year, a growing number of bond investors are betting that the political drama will be more muted in Rome than in Paris.

Thai PM Anutin’s Family Firm Eyes $1.5 Billion Data Center Bids

Stecon Group Pcl plans to bid for three data-center construction projects worth a combined 49.8 billion baht ($1.5 billion), betting on the sector to drive further growth as technology investment surges in Thailand.

I-T uncovers Rs 1.29 lakh cr overseas remittances trail; money sent to China, UAE & more

The probe comes as the rupee remains under significant pressure. The Reserve Bank of India has been regularly selling dollars in the foreign exchange market to contain volatility and prevent sharp, disorderly movements in the currency.

Luxury Sales Plunge in China as Tax Push Hits Wealthy Shoppers

Global luxury brands are facing a deepening sales slump in China, as the country’s campaign to tax offshore wealth sends ripples from stock markets to casino floors and dampens spending by the country’s richest consumers.

CVC-Led Group to Back Standard Life’s UK Pension Risk Transfers

Standard Life Plc agreed to set up a partnership with a consortium led by CVC Capital Partners Plc and Prudential Financial Inc. in the latest tie-up between an insurer and private capital firms looking to enter the country’s booming…

AI Startup Callosum Raises $100 Million to Make AI Tasks Cheaper

Callosum, a startup that makes software to match specific artificial intelligence tasks with different models and chips, has raised $100 million in early financing from backers including the UK’s public AI fund.

Horizons Middle East & Africa 8/20/2026 (Video)

FEC orders EFCC to release recovered loot to NELFUND

The Federal Executive Council (FEC) has directed that looted funds recovered by the Economic and Financial Crimes Commission (EFCC) be handed over to the Nigerian Education Loan Fund (NELFUND) to strengthen its financing operations…

Dollar Risks Becoming Biggest Loser From Bessent’s Bond Buying

Treasury Secretary Scott Bessent’s bold intervention to stem a potentially damaging rise in US borrowing costs has some investors saying the dollar will ultimately pay the price.

KAEDCO: Another failure of power reform

Following the failure to meet cumulative market obligations and prolonged financial and operational challenges, the Nigeria Electricity Regulatory Commission (NERC) has dissolved the board of the Kaduna Electricity Distribution Company…

Founder of collapsed Chinese property giant given life sentence

Evergrande chair Hui Ka Yan jailed following developer’s default almost five years ago