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Chinese developer Country Garden reports $6.7 bn loss
Chinese developer Country Garden reports $6.7 bn loss
by  AFP

Embattled Chinese developer Country Garden reported a 48.9 billion yuan ($6.7 billion) loss for the first half of the year in a stock exchange filing Wednesday, adding to worries of a potentially catastrophic default. Country Garden on Wednesday also proposed issuing new stock to the tune of 255 million yuan.

France calls for minimum price on European flights
France calls for minimum price on European flights
by  AFP

France's transport minister called Wednesday for a minimum price for plane flights in Europe to battle climate change. Transport Minister Clement Beaune said in an interview with the weekly L'Obs that he would submit such a proposal to his EU counterparts in the coming days.

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