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The world’s most indebted real estate company reaches last minute deal

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China-based Evergrande Group has become known as the most indebted real estate company in the world – but there may be some better news on the horizon

The real estate giant has managed to reach a last-minute deal, delaying a potential collapse that experts feared could spark a global financial contagion.

Evergrande, which is China’s second biggest property developer, has managed to rack up staggering debts which have totalled over $432 billion AUD.

On Thursday, interest payments on two Evergrande notes – worth tens of millions of dollars – were due – and if Chinese company failed to ‘make good’ – as many experts had predicted – fears escalated that the collapse would lead to a credit crunch.

https://twitter.com/tickerNEWSco/status/1440802411698798594?s=20

That could have been a disaster for not just the Chinese economy, but global stocks too

However, just as the deadline loomed, the firm announced its main unit, Hengda Real Estate Group, had managed to reach an agreement which would allow it to make a coupon payment on its domestic bondholders on September 23.

While that has calmed concerns of an immediate collapse, the company could still end up defaulting later on, with the new deal essentially kicking the can down the road.

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Apple Music’s controversial top 10 albums of all time

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Apple Music has released its highly anticipated “100 Best Albums of All Time” list, with the top 10 rankings causing a bittersweet symphony of destruction for some music lovers.

The list was curated by a panel of experts and based on various factors including cultural impact, critical acclaim, and commercial success, with the aim to celebrate the most influential and timeless albums across genres.

As reported by the official Apple Music Newsroom blog post, the top ten best albums of all time are the following:

10. Lemonade (2016), Beyoncé

9. Nevermind (1991), Nirvana 

8. Back to Black (2006), Amy Winehouse

7. good kid, m.A.A.d city (2012), Kendrick Lamar

6. Songs in the Key of Life (1976), Stevie Wonder

5. Blonde (2016), Frank Ocean

4. Purple Rain (1984), Prince & The Revolution

3. Abbey Road (1969), The Beatles

2. Thriller (1982), Michael Jackson

1. The Miseducation of Lauryn Hill (1998), Lauryn Hill

In other news, Apple recently became the first company to hit a $3 trillion stock market value, before falling just below that milestone, as reported by Reuters.

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How can we support a more eco-friendly future?

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With a $23 million commitment for a national circular economy and $1.3 million for net zero transition guidance, Australia is advancing towards sustainability.

Funding Futures is a weekly TV show on Ticker, hosted by Mike Loder and Steven Maarbani from Venture Crowd, that delves into the dynamic and evolving world of venture crowd-raising.

In this episode, we are joined by Cameron Hope, Founder of CEO of Hirehood. #trends #funding futures

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The integral step to entering the property market

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In the debate surrounding housing affordability, a divergence emerges between media portrayals and stark realities. While the crisis is often depicted as insurmountable, critics argue that individuals tend to blame external factors rather than taking personal responsibility.

Despite challenges, advocates urge a shift from despair to possibility, emphasizing personal agency and proactive pursuit of homeownership goals. Thus, while acknowledging the hurdles, reframing the discourse empowers individuals to navigate the housing market with resilience and determination, making the dream of owning a home a tangible reality for those willing to seize it. #Trending #Featured

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