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Evergrande: Shares in the crisis-hit Chinese developer plunge by 80%

The latest business and finance news from around the world, on the 大象传媒.

Shares in embattled Chinese property developer Evergrande have fallen almost 80% in their first day of trading in Hong Kong for a year and a half. The shares have lost more than 99% of their value in the past three years as Beijing cracked down on property firms.

Also, a technical issue at UK air traffic control has led to long flight delays and even though layoffs are down, employers are still finding ways to cut jobs

(Evergrande Group logo in Suqian, Jiangsu Province, China. Photo Credit: Getty Images)

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  • Mon 28 Aug 2023 21:32GMT
  • Mon 28 Aug 2023 22:32GMT