Evergrande says a $2.6 billion sale has collapsed as another payment deadline looms
CNN
Evergrande has called off plans for a multibillion-dollar deal for its property management unit, worsening its cash crunch as the Chinese real estate giant teeters on the brink of collapse.
The company announced late Wednesday that it had terminated an agreement to sell a controlling stake of Evergrande Property Services to rival Chinese developer, Hopson, for about 20 billion Hong Kong dollars (roughly $2.6 billion).
The deal, which was announced earlier this month, was scuppered after Evergrande "had reason to believe ... that the purchaser had not met the prerequisite to make a general offer for shares in Evergrande Property Services," the conglomerate said in a stock exchange filing.
The House Oversight Committee released videos Tuesday of closed-door depositions with two men in Jeffrey Epstein’s inner circle as part of its probe into the late convicted sex offender.
The House Intelligence Committee voted Tuesday to give federal prosecutors classified records related to John Brennan, according to a committee spokesperson, signaling the Justice Department’s investigation into the former CIA director may be heading towards possible charges.
North Carolina State Senate leader Phil Berger on Tuesday conceded his primary race to Rockingham County Sheriff Sam Page, a political earthquake that took down arguably the most powerful politician in a pivotal swing state.
It’s looking like the Department of Homeland Security shutdown could soon be over. The two sides seem to have made serious progress, and President Donald Trump hasn’t rejected anything, even if he’s a little sour. But it’s likely the resolution will disappoint many Democrats.
California Gov. Gavin Newsom said that he regretted using the word “apartheid” to describe the Israeli government’s treatment of Palestinians, though he warned “that’s a word you may hear others use” if Prime Minister Benjamin Netanyahu pushes for territorial gains.
Haiti is about to get a new set of foreign boots on the ground. The goal sounds simple: fight the gangs that have brought life to a standstill.
Oklahoma’s governor picks energy executive Alan Armstrong to fill US Senate seat through end of year
Oklahoma’s governor on Tuesday appointed energy executive Alan Armstrong to serve in the US Senate through the end of the year and finish the term of Republican Markwayne Mullin, the new homeland security secretary.
Newly confirmed Homeland Security Secretary Markwayne Mullin told senators during his confirmation hearing that he wanted to keep the department out of the headlines. That won’t be easy.
A trader made nearly $1 million since 2024 from dozens of well-timed Polymarket bets that correctly predicted US and Israeli military actions against Iran, according to an analysis shared with CNN.
Travelers have been dealing with worsening airport wait times as ICE agents deploy to more than a dozen airports. Follow for live news updates.
President Donald Trump voted in Tuesday’s state House special election by mail even as he suggested on Monday that “mail-in voting means mail-in cheating.”
CNN’s 5 Things AM brings you the news you need to know every morning.
The Supreme Court on Tuesday will consider the legality of a policy championed by President Donald Trump during his first term that prevented scores of migrants arriving at the southern border from starting the process of applying for asylum.