"Shocking Levels Of Distress": CMBS Delinquencies Unexpectedly Soar To COVID Highs

US Asian Ally Rejects Pentagon Request To Land Fighter Jets: More To Come? Sri Lanka is a US regional ally, and America remains the small south Asian nation's largest export market, accounting for nearly $3 billion of the $11.7 billion of goods Sri Lanka exports annually. But tensions are soaring over the Iran war, and especially in the wake of a US submarine having torpedoed the Iranian warship IRIS Dena just off Sri Lanka's southern coast earlier this month - killing dozens of sailors and forcing Sri Lankan authorities into a rescue...

China's EV Giant BYD Misses Earnings, Enters Brutal New Phase Of Competition BYD is entering a tougher phase after releasing weaker-than-expected financial results and signaling growing pressure in China’s electric vehicle market, according to Bloomberg. Chairman Wang Chuanfu described the current environment as having “reached a fever pitch, and is undergoing a brutal ‘knockout stage.’” The company’s stock fell at the opening of trading in Hong Kong, reflecting investor concerns. Its latest quarterly results showed a sharp drop in profitability, with earnings and revenue both missing forecasts. This downturn followed a...

An Israeli defense official explained that Tehran had learned lessons during the war in June, and the Iranian military was not close to collapse.  “The Iranians learned lessons from Operation Kalavy,” a senior Israeli military official told the Israeli outlet Walla on Tuesday. “They are still functioning militarily at a level that is between moderate […]