Jian Sun

North and Midlands to share £4.7bn local transport fund after HS2 rail leg scrapped

Rishi Sunak says it’s an example of “levelling-up in action” that will empower local leaders but Labour calls it another broken promise for people outside the South. The prime minister has revealed how some of the money from abandoning the HS2 northern leg will be reallocated. Northern England will get £2.5bn and the Midlands £2.2bn […]
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China Evergrande ordered to liquidate in landmark moment for crisis-hit sector

According to Reuters reports, a Hong Kong court on Monday ordered the liquidation of property giant China Evergrande Group (3333.HK), opens new tab, dealing a fresh blow to confidence in the country’s fragile property market as policymakers step up efforts to contain a deepening crisis. Justice Linda Chan decided to liquidate the world’s most indebted developer, with more than […]
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