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Country Garden denies founder, chairwoman have fled China
Country Garden denies founder, chairwoman have fled China
by  AFP

Chinese property giant Country Garden denied Thursday its founder and chairwoman had fled the country, as the debt-saddled builder flirts with a default that could send shockwaves through the industry. But her company is now on the frontlines of China's property crisis that has seen a string of debt-laden builders either defaulting or threatening to do so.

Amazon to expand drone delivery into Britain and Italy
Amazon to expand drone delivery into Britain and Italy
by  AFP

Amazon on Wednesday said it hopes to expand drone delivery into Britain and Italy by late next year, as it unveiled new warehouse robots and tech in its race to get shoppers what they want quickly. The Seattle-based e-commerce colossus said it will expand drone delivery of certain purchases to a third US state as well as to the two European countries by the end of 2024.

Markets in retreat on growing fears of Middle East war
Markets in retreat on growing fears of Middle East war
by  AFP

Asian markets tumbled Thursday on fears the Israel-Hamas crisis would spill over into a wider conflict in the Middle East, with some warning that a full-blown war was increasingly likely. "The window for a diplomatic off-ramp to avert a wider war in the Middle East appears to be closing," said RBC Capital Markets' Helima Croft.

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