Panama Canal Fees Hit Record As El Nino, Hormuz Crisis Choke Global Shipping

China Sentences Evergrande Founder To Life In Prison Five years after Chinese property development firm Evergrande Group collapsed under the weight of enormous debt, founder Xu Jiayin was sentenced to life in prison on Thursday. Xu Jiayin, also known as Hui Ka Yan, founder of property developer Evergrande, appears for sentencing at the Shenzhen Intermediate People's Court in Shenzhen, China, on Aug. 20, 2026. Shenzhen Intermediate People's Court /Xinhua via AP Xu (Hui Ka Yan in Cantonese), 64, pleaded guilty in April to fundraising fraud, illegally taking public deposits, illegally extending loans, bribery, fraudulently...

Israeli Minister of National Security Itamar Ben Gvir said on Wednesday that Israel cannot stop destroying homes in southern Lebanon despite the US-Iran Memorandum of Understanding that calls for an end to Israel’s war in the country. “Israel cannot stop the demolition of houses in southern Lebanon. We simply cannot stop, that’s all,” Ben Gvir […]

Ex-Wife In Korea's $645M "Divorce Of The Century" Gets Iced Out Of AI Boom A Seoul court has ordered SK Group Chairman Chey Tae-won to pay his ex-wife 944 billion won ($645 million), in the largest divorce award in South Korean history. And while the figure is a record, it was calculated against a stock price more than two years old - before it went ballistic in the AI boom.  Chey Tae-won, chairman of SK Group. Lee Young-hwan/Newsis/Associated Press The Seoul High Court's First Family Division, presiding judge Lee Sang-ju, issued the ruling...