BEIJING (Reuters) – Chinese commercial space company CAS Space announced its “space tourism vehicle” will first fly in 2027 and travel to the edge of space in 2028, state media reported on Friday. The announcement comes just days after Jeff Bezos-backed Blue Origin announced that its New Shepard Rocket, which flies cargo and humans on […]
Apr. 7—A troubled, state-backed seafood processing company, Peter Pan Seafoods, has announced that it’s pursuing a deal to sell its plants to another business. But the news still leaves a key asset, the massive plant in the Alaska Peninsula village of King Cove, in limbo for the summer salmon season. Peter Pan also announced late […]
China’s years-long property crisis could get worse. There are concerns over Vanke amid reports the state-backed property developer was seeking debt maturity extensions. If Vanke defaults, it could undermine confidence in all property developers in China. China’s years-long real-estate debt crisis has already taken down property giant Evergrande, which is undergoing liquidation. Home sales and […]