Yemen has released a video showing its Tufan-1 (also written Toofan-1) uncrewed surface vessel (USV), or drone boat, blowing apart a target vessel during a test. The video follows photos of the much cruder Houthi USV that struck the bulk cargo carrier M/V Tutor in the Red Sea earlier this month, an incident you can […]
Tag: AGILE
Chinese Builder Agile Defaults for First Time on Dollar Bonds
(Bloomberg) — Agile Group Holdings Ltd., a Chinese developer of villa apartments and high-rise homes, defaulted for the first time on publicly issued dollar bonds, underscoring lingering distress amid the nation’s unprecedented property crisis. Most Read from Bloomberg The company, based in the southern province of Guangdong, hasn’t paid interest within a grace period that […]