Business
China Developer Sunac Misses Bond Interest Payment
Sunac China Holdings Ltd., the country’s fourth-largest developer, failed to pay a dollar-bond coupon before a Wednesday deadline. And the company said it doesn’t expect to make payments on other notes. Rebecca Choong Wilkins reports on “Bloomberg Markets: China Open.”
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The US struck military targets in Iran after the country fired on three Navy destroyers sailing in the Strait of Hormuz. The latest clash heightens tensions in the region as the US attempts to exit a war now in its third month. President Donald Trump’s administration has been waiting for Iran to respond to its proposal to reopen the strait and end the conflict. Bloomberg’s Stuart Livingstone-Wallace reports.
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Business
US, Iran Weigh Potential Deal; Global Stock Rally Builds | Horizons Middle East & Africa 5/7/2026
The US and Iran were circling around a fresh proposal to end the war, as President Donald Trump searches for an exit from a …
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PayPal Holdings Inc. plans to cut around 20% of its workforce in the next two to three years, according to a person familiar with the …
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