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BEIJING (AP) — The Shenzhen Intermediate People’s Court sentenced Hui Ka Yan, the founder of China’s Evergrande real estate group, to life in prison Thursday for large-scale fraud. It also fined Evergrande Group 8.82 billion yuan ($1.31 billion) and Evergrande Real Estate 7 billion yuan ($1.04 billion), according to a statement issued by the court. Hui Ka Yan, also known as Xu Jiayin, pleaded guilty in April to a series […]

HONG KONG (AP) — Asian shares advanced Thursday, tracking Wall Street gains, and South Korea’s benchmark Kospi jumped more than 6%. U.S. futures edged higher after the U.S. Treasury Department said it would at least double the size of planned purchases of longer-term government debt. That could ease pressure on share prices emanating from the bond market since the purchases would push bond prices higher, helping to bring down yields. […]

By Crispian Balmer AMATRICE, Italy, Aug 20 (Reuters) – In the early hours of August 24, 2016, Giorgio Cortellesi stumbled through the dust and darkness of Amatrice, fearing his children were dead, buried beneath tons of rubble. His two young sons had been staying overnight with their grandparents when an earthquake levelled much of the central Italian hilltown. Rushing over from a nearby hamlet, Cortellesi found the streets in ruins, […]

SEOUL, Aug 20 (Reuters) – South Korean chipmaker SK Hynix has agreed to pay 60% of employee bonuses in shares and the remaining 40% in cash under a preliminary wage agreement, a person familiar with the matter told Reuters. The agreement is subject to approval by union members, the person said. SK Hynix declined to comment. Under the scheme, employees would receive shares equivalent to 40% of the total bonus […]

By Alasdair Pal SYDNEY, Aug 20 (Reuters) – A New Zealand party that could hold the balance of power after this year’s election wants to bring in a basic income for almost all residents that will be funded by a new land tax, with its leader saying on Thursday that the policy would also curb runaway house prices. Qiulae Wong, a 38-year-old former sustainable business consultant, only entered politics in […]

HAUTVILLERS, France (AP) — Champagne producers are racing to pick their grapes as the region’s earliest harvest on record gets underway, after extreme heat and drought accelerated ripening, leaving growers a narrow window to preserve the quality of the region’s world-famous sparkling wine. On the hillsides of Hautvillers, teams of grape pickers start work at 6:30 a.m. among rows of vines that were recognized as a UNESCO World Heritage site […]

LONDON (AP) — Prince Harry and his wife, Meghan, will return to the United Kingdom, seemingly marking the end to a yearslong rift between them and the royal family. The Daily Telegraph reported the couple won’t resume their roles as working members of the royal family, but returning to Britain means King Charles III, who is being treated for an undisclosed form of cancer, will get to spend more time […]

HONG KONG (AP) — Hong Kong conglomerate CK Hutchison said Thursday it was seeking more than $1.5 billion in damages from Panama after the country seized two canal ports caught in the crosshairs of U.S.-China tensions. CK Hutchison said in the statement that it had begun new arbitration proceedings against Panama and alleged that the Central American country had breached an investment protection treaty through “sovereign acts that targeted a […]

LOS ANGELES (AP) — U.S. immigration officials worked with Iran to deport Iranians in 2025, newly released emails show, revealing a working relationship between the U.S. and Iranian governments despite tensions mounting between the countries. Hundreds of emails exchanged between U.S. immigration officials, which were obtained by the National Iranian American Council and made public Tuesday, offer the most transparent play by play yet of how the two countries worked […]