Macau’s casino losses engulf gambling hub as no quick fix in sight

Macau’s six casino operators are facing daily revenue losses and accumulating debt as liquidity continues to dry up HONG KONG – Plunging casino revenues in Macau, the world’s largest gambling hub, are taking a heavy toll on the wider economy, forcing hundreds of businesses to close down and pushing illness to its highest level since … Read more

China set to loosen credit but economic woes may be too deep for quick turnaround

Growth in the world’s second largest economy has slowed since early 2021 as traditional engines of the economy such as real estate and consumption faltered BEIJING, China – China’s explicit call to cut the amount of cash banks set aside as reserves and boost lending has reinforced expectations for imminent policy easing, but economists say … Read more

Knicks still face ‘profound rebuild’ and a not quick fix

Well, this much we can say with a fair amount of confidence: It isn’t all No. 30’s fault. The wreckage of this 2021-22 Knicks season can’t be draped exclusively around Julius Randle’s shoulders, and it can’t be dumped entirely at his feet. Logically, you would think most Knicks fans understood, and understand, that. But when … Read more