Biggest earthquake in 5 years causes damage in Melbourne, Australia

An earthquake damaged buildings in Australia’s second most populous city, Melbourne. The 5.8 magnitude earthquake struck 38 kilometers south of Mount Buller in the southeast of the country, according to…

China’s coal power withdrawal from overseas could wipe out $ 50 billion in investment By Reuters

¬© Reuters. FILE PHOTO: A coal-fired heating complex is seen behind snowy ground in Harbin, Heilongjiang province, China November 15, 2019. REUTERS / Muyu Xu / File Photo / File…

Evergrande: What would China’s biggest debt restructuring look like?

Chinese real estate group Evergrande offered a silver lining on Wednesday by announcing that it had “resolved” interest payments for onshore bonds due this week, days after a group debt…

Trump files $ 100 million lawsuit against niece and New York Times over explosive tax story

Former US President Donald Trump Saul Loeb | AFP | Getty Images Former President Donald Trump on Tuesday filed a $ 100 million lawsuit against his niece, Mary Trump, and…

Absa Reflects on New $ 650 Million Empowerment Plan

The Absa Group is considering a new black economic empowerment plan that could account for up to 8% of South Africa’s third-largest lender, worth around R9.6 billion at current prices.…

Will Tesla accept Dogecoin (DOGE) as a payment method? By CoinQuora

Will Tesla accept Dogecoin (DOGE) as a payment method? A tweet claims that Tesla (NASDAQ ūüôā will accept DOGE as a payment method. He says Tesla will do it after…

SoftBank backs Steven Mnuchin’s $ 2.5 billion private equity fund

Updates from Steven Mnuchin Sign up for myFT Daily Digest to be the first to hear about Steven Mnuchin’s news. Japan’s SoftBank tracked Saudi Arabia’s Public Investment Fund and Abu…

Global Traders Benefit From Evergrande Stay As PBOC Adds Liquidity

Global markets were granted a reprieve on fears of contagion from Evergrande on Wednesday, as China’s central bank increased liquidity and investors mulled a vague statement from the struggling developer…

UK audit watchdog says companies offer too few details to assess viability By Reuters

¬© Reuters. FILE PHOTO: The Canary Wharf financial district is seen in east London on November 12, 2014. REUTERS / Suzanne Plunkett / File Photo By Huw Jones LONDON (Reuters)…

Poland and Hungary threatened by EU regional aid for human rights reasons

Updates on Tensions in the Eastern EU Sign up for myFT Daily Digest to be the first to know about the latest tensions in the Eastern EU. Poland and Hungary…