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‘China’s Lehman Brothers moment’: Evergrande crisis rattles economy

President Xi Jinping faces serious test of his financial reforms as struggles of property giant send ripples through real-estate sector The crisis engulfing Evergrande, China’s second-biggest property company, is the greatest test yet of President Xi Jinping’s effort to reform the debt-ridden behemoths of the Chinese economy. It could also be the most significant […]

British retail sales fall unexpectedly in August – business live

Rolling coverage of the latest economic and financial news Retail sales fell 0.9% in August Food store sales drop as more people dine out Retail sales spending was restrained by the supply chain crisis last month, say several experts. Jessica Moulton, senior partner at McKinsey & Company, predicts that more retailers will struggle to […]

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