China home prices drop following EverGrande crisis

Published

4 years ago

October 20, 2021

The China Evergrande Group is taking its toll as China’s home prices fell for the first time in six years

New-home prices in 70 cities, excluding state-subsidised housing, slid 0.08 per cent in September.

Falling prices may fuel a vicious cycle by further weakening demand, which is worsening the cash shortage and forcing builders to offer bigger discounts.

It’s the first drop since April 20-15, as the secondary market declines by 0.19 per cent, down for a second month.

September is usually a peak season for the home market however residential sales fell by 17 per cent.

Investments also slid for the first time since early 2020, and the rate of failed land auctions climbed.

Pressure mounts on Evergrande group

Two Hong Kong property agencies are suing the China Evergrande Group over unpaid commissions

It piles pressure on Evergrande, a Chinese-based developer, as it scrambles to raise funds and avoid collapse.

Centa-Line filed a suit against Evergrande in September to recover 3.1 million Hong Kong Dollars in overdue commissions.

Midland Holdings is claiming unpaid commission for two developments in Hong Kong.

Evergrande has vowed to repay its suppliers and contractors in mainland China as soon as possible.

But in some cases, offering apartments or other real estate assets as construction has been halted because of the delayed payments.

Greenland says “No” to U.S. takeover — Chooses Denmark in geopolitical showdown

Greenland’s PM chooses Denmark over U.S. amid Trump’s controversy over Arctic control, emphasizing sovereignty and local sentiment.

Published

8 hours ago

January 14, 2026

Harvey Vargas

Greenland’s PM chooses Denmark over U.S. amid Trump’s controversy over Arctic control, emphasizing sovereignty and local sentiment.

Greenland’s Prime Minister Jens‑Frederik Nielsen has delivered a clear message amid renewed pressure from the U.S. — if forced to choose between the United States and Denmark, Greenland will pick Denmark, NATO, and the EU.

Nielsen made the declaration in Copenhagen alongside Danish Prime Minister Mette Frederiksen ahead of diplomatic talks with top U.S. officials.

The announcement comes as U.S. President Donald Trump has again stoked controversy by suggesting Washington could pursue ownership or control of Greenland, citing strategic interests in the Arctic. European leaders and Greenlandic officials have pushed back strongly against these ideas, emphasising sovereignty and respect for international law.

This standoff places Greenland’s future in the spotlight — as Copenhagen and Nuuk reaffirm their ties, local sentiment remains overwhelmingly opposed to U.S. annexation and supportive of Greenland’s own path forward.

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#Greenland #Trump #Denmark #ArcticPolitics #NATO #Geopolitics #InternationalRelations

News

Trump promises aid amid Iran unrest

Trump urges Americans in Iran to evacuate amidst escalating protests and vows support for protesters seeking freedom.

Published

8 hours ago

January 14, 2026

Harvey Vargas

Trump urges Americans in Iran to evacuate amidst escalating protests and vows support for protesters seeking freedom.

President Trump has called on Americans in Iran to evacuate as tensions escalate following the government’s violent crackdown on antigovernment protesters. He has ruled out negotiations and encouraged protesters to continue their efforts, hinting that aid could be on the way.

The unrest in Iran has reportedly resulted in over 2,000 deaths, including both protesters and security forces. U.S. officials are reportedly weighing various responses, from sanctions to potential military options, though no immediate action has been confirmed.

Trump delivered a direct message to the people of Iran, emphasising support for their push for freedom and safety amid the growing crisis.

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#IranProtests #Trump #USPolitics #MiddleEastCrisis #HumanRights #EvacuationAlert #GlobalNews #TickerNews

News

Trump escalates pressure on the Federal Reserve with Powell probe

Trump administration investigates Fed Chair Powell, raising concerns over political pressure on monetary policy and economic stability.

Published

1 day ago

January 13, 2026

Harvey Vargas

Trump administration investigates Fed Chair Powell, raising concerns over political pressure on monetary policy and economic stability.

The Trump administration has launched a criminal investigation into Federal Reserve Chair Jerome Powell, dramatically escalating tensions between the White House and the central bank.

The probe centres on Powell’s testimony over a controversial renovation of the Federal Reserve’s headquarters, raising alarm over whether political pressure is being applied to monetary policy decisions.

The move has sparked fierce debate in Washington, with critics warning it could undermine investor confidence and destabilise economic expectations.

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#FederalReserve #JeromePowell #DonaldTrump #USPolitics #MonetaryPolicy #Markets #Inflation #TickerNews