Bloomberg Credit rating companies are warning that the financial health of property developers in China is deteriorating even as the nation’s real estate market shows signs of recovery. Fitch Ratings said on Tuesday that a divergence in the performance of Chinese developers is driving more rating downgrades and outlook cuts in the industry, while S&P Global Ratings issued a ...

  Bloomberg After two decades trying to make a life in China’s entrepreneurial city of Wenzhou, Ji Shouquan and his brother Shoufang are ready to head home. They say they have no hope of stepping onto the city’s housing ladder and it is getting more difficult to earn a decent wage. China is relying on millions of internal migrants taking ...

  SHENZHEN / AP Zhong Guoyan sifted through piles of fish at a Wal-Mart in Shenzhen, one of China’s largest cities. She studied the fins, to make sure they were bright red and firm. She peered at the eyeballs — were they bulging? “When I come here, I have a look,” she said. “If it’s good, then I will buy it. ...

  Sydney / AFP Chinese aviation and tourism giant HNA is buying a 13 percent stake in Virgin Australia, the airline said on Tuesday, just a week after the Hainan company scooped up part of Portuguese national airline TAP. HNA, led by Chinese billionaire Chen Feng and best known as the parent of Hainan Airlines, will pay Aus$159 million (US$115 million) ...

  Dublin / Bloomberg Airline chiefs from around the world have begun gathering for their annual meeting against a background of increasing concern about a slowdown in demand just as carriers pile on capacity to exploit low oil prices. Only a few months ago, this week’s International Air Transport Association symposium in Dublin looked set to be dominated by talk ...

  Caracas / AFP Julio Ribas suffers from high blood pressure. If only Venezuela’s currency were as high, he might be able to afford some medicine for it.Venezuela is short of drugs, and to buy some from abroad, Ribas needs dollars — but those are in desperately short supply too. Ribas is just one of the countless casual victims of ...

  Tel Aviv / DPA A young woman sits at a long wooden table in front of her laptop, headphones on, absorbed in her work.She’s got a single space in the sleek co-working office Mindspace, located in the centre of Tel Aviv. The Israeli business has been very successful — its co-working office fills three storeys of two buildings on ...

  RITIKA SHARMA / Emirates Business When a Dublin-born gentleman runs his business in Dubai, with a typical Irish-hospitality stance, you get an exotic property that is a perfect blend of style, class and comfort. This is the perfect way to define Bonnington Jumeirah Lakes Towers (JLT) that has carved its unique niche by outshining other city hotels in the ...

  Our Correspondent / EMIRATES BUSINESS Designed for both business and leisure travellers, Melia Dubai features an array of facilities and services to meet and exceed guest expectations. The contemporary elegance of the hotel combined with stress-free business amenities, exceptional culinary experiences and holistic spa facilities reflect Melia Dubai’s superior way of welcoming and treating their guests. Located in the ...

  DUBAI / WAM Emirates Airline signed a Memorandum of Understanding (MoU) with the Jordan Tourism Board, which aims to utilize the airline’s global network to further boost inbound tourist arrivals to Jordan, focused on the growth of key tourist destinations in the country. Jordan has been an important part of Emirates’ network since 1986. Today, the airline offers three ...