Posts with tag: laughter
Electric vehicle maker Rivian opens sales of its delivery vans to all fleet sizes in the US, aiming to capitalize on demand beyond its exclusive deal with Amazon.
Published on: February 10, 2025, 12:01 PM UTC
Hong Kong banks face mounting losses on distressed property sales amid a real estate slump. Commercial property values have plummeted over 40% since 2018, eroding collateral backing loans. Lenders reluctant to sell assets at a loss are now forced to unload them below loan values, crystallizing losses. Despite strong capital buffers, banks face pressure on commercial real estate portfolios as defaults rise due to cash flow difficulties.
Published on: January 27, 2025, 04:02 AM UTC