Evergrande collapse: Hong Kong court orders liquidation of China property giant

Embattled Chinese development company, Evergrande, has been ordered to liquidate by a Hong Kong court after an 18-month long hearing. Evergrande, which holds the ignominious title of the world’s most indebted property developer with about $300bn in liabilities, failed to convince the court that it had a viable restructuring plan, after having been given seven […]

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India launches satellite to study black holes

The Indian Space Research Organisation successfully launched India’s first X-Ray Polarimeter Satellite, also known as XPoSat, that would offer insights into celestial objects like black holes, onboard a Polar Satellite Launch Vehicle rocket from the Satish Dhawan Space Centre in Sriharikota on Monday. The PSLV-C58 rocket, in its 60th mission, successfully deployed payload XPoSat into […]

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Bangladesh Court Sentences Nobel Laureate Yunus to Jail Amidst Labor Law Violations

In a pivotal development, Nobel Peace Prize winner Muhammad Yunus, renowned for pioneering microcredit to uplift impoverished communities, has been sentenced to six months in jail by a labor court in Bangladesh. The verdict, handed down by Sheikh Merina Sultana, head of the Third Labor Court of Dhaka, cites violations of labor laws by Grameen […]

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