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Evergrande buys itself time

Many financial experts had already declared the ailing real estate group bankrupt months ago. But now the company is making one interest payment after the next. How much longer can Evergrande keep this up?

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Evergrande verschafft sich Zeit

Viele Finanzexperten hatten den angeschlagenen Immobilienkonzern schon vor Monaten für Pleite erklärt. Doch nun leistet das Unternehmen eine Zinszahlung nach der nächsten. Wie lange geht das noch gut?

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Finance must combat climate change – or else

Powerful financial players are still investing in the fossil fuel industry. Yet these investments are no longer legally defensible, write Bevis Longstreth and Connor Chung in the Viewpoint. A decision by the billionaire Harvard Foundation could now have far-reaching consequences for institutional investors.

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