Fantasia, Another Chinese Property Company, Defaults On Interest Payment...

Fantasia, Another Chinese Property Company, Defaults On Interest Payment To Bondholders

As a second property giant fails to pay debt interest investors fear a property collapse in China’s real estate bubble.

On Monday, a Chinese developer of luxury apartments Fantasia missed a $315 million payments to lenders, sparking fears that financial strains in the country's overheated property sector are spreading beyond the troubled Evergrande’s troubles.

The FT reports that Beijing’s crackdown on borrowing by property developers threatens to end China’s love affair with London property.

The latest Chinese debt-ridden property company is Fantasia Holdings, a Shenzhen-based developer which missed repaying $206 million worth of bonds that matured Monday. In a statement to the HK stock exchange, the company said it is assessing "the potential impact on the financial condition and cash position of the group,". Trading in shares, down by 80% this year, were suspended.

The property management unit of Country Garden, China's second largest developer by sales after Evergrande, reported that Fantasia had failed to repay a company loan of about 700 million yuan ($109 million). Fantasia had informed the company that it would probably "default on [its] external debts," to Country Garden Services, according to CNN.

Other Business News

Johnson Promises Wage Boost.

In a speech to the Conservative Party Conference in Manchester, Prime Minister Boris Johnson wants to end the UK’s “low wage economy” fuelled by “uncontrolled immigration”.

Gas Prices Fall After Putin Boosts Production.

UK wholesale gas prices dropped after hitting a record high after Russia announced a boost in supplies to Europe. Russia President Vladimir Putin calmed the market after gas prices had risen by 37% in 24 hours to trade at 400p per therm on Wednesday. The price fall will be welcome news to millions of British consumers facing record energy prices this winter.

Consumer Price Rise Highest In 25 Years.

Inflation fears as prices rise across the world, sparking fears of hyper-inflation caused by unprecedented money printing. Markets are predicting 6% inflation leading to ‘stagflation’.

Facebook Restores Service After This Week’s Outage.

How did the social media downtime affect you?

How much time do you spend on social media?

Some people admit to more than 10 hours a day screentime, which you can check on most smartphones.

If you are just using social media for entertainment, could you use your time more effectively?

Can you make money on social media?

YES! We can all learn to not only how to use social media,

but also how to make money on social media…

"Stop Wasting Time On Social Media And Start Making Money Instead"

You can learn how to make money on social media from my mentor Paul O’Mahony, founder of the ReThink Academy, who has made millions online starting from nothing.

In this FREE webclass you're going to see:

·        How to​ use the time you're already spending on the internet to build a digital business in your spare time.

·        How to​ get a product to sell if you don't have one already and... how to get it for nothing.

·        The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experience with social media."

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·        You want to own a business without quitting your job yet.

·        You are serious about building a profitable online business.

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Facebook And WhatsApp Went Down Yesterday – How Do We Manage Without Soc...

Facebook And WhatsApp Went Down Yesterday – Do We Depend On Social Media?

Have the global population are now on one of Facebook’s platforms.

How much time do you spend on social media?

Can you make money on social media?

I notice that kids are very good at creating videos and posts on social media. Unlike me, they have grown up with IT and social media, but that doesn’t mean us oldies can’t get in on the act!

We can all learn to not only how to use social media,

but also how to make money on social media…

"Stop Wasting Time On Social Media And Start Making Money Instead"

You can learn how to make money on social media from my mentor Paul O’Mahony, founder of the ReThink Academy, who has made millions online starting from nothing.

In this FREE webclass you're going to see:

·        How to​ use the time you're already spending on the internet to build a digital business in your spare time.

·        How to​ get a product to sell if you don't have one already and... how to get it for nothing.

·        The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experience with social media."

You'll discover all this and more when you watch the webclass below.

I'M READY TO WATCH THE FREE TRAINING NOW!

WATCH THIS TRAINING IF:

·        You own a business.

·        You want to own a business without quitting your job yet.

·        You are serious about building a profitable online business.

·        You're tired of wasting time on social media and want to make money instead.

·       "Stop Wasting Time On Social Media And Start Making Money Instead" (even if you lack time, resources, experience, or expertise).

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Job Furlough Scheme Ends Today In UK For 1 million

Job Furlough Scheme Ends For A Million Workers In UK

What is their fate?

·        1 million job vacancies in UK

·        Reed Employment website is advertising 300,000 job vacancies

·        100,000 lorry drivers needed in UK

·        500,000 agricultural and food worker jobs vacant

Do you want to be dependant on someone else to pay you money to live?

New ‘world order’ is here – wake up!

Millions of jobs done by humans will be replaced by machines in the next few years.

The world of business has changed forever and unless you adapt your business will decline.

What can you do to take advantage of the changes rather than hoping things will go back to ‘normal’ again? They won’t.

The biggest revolution is the explosion in online trading and social media marketing.

Businesses which have adapted have boomed while others are no longer in business.

Can you make money on social media?

I notice that kids are very good at creating videos and posts on social media. Unlike me, they have grown up with IT and social media, but that doesn’t mean us oldies can’t get in on the act!

We can all learn to not only how to use social media,

but also how to make money on social media…

"Stop Wasting Time On Social Media And Start Making Money Instead"

You can learn how to make money on social media from my mentor Paul O’Mahony, founder of the ReThink Academy, who has made millions online starting from nothing.

In this FREE webclass you're going to see:

·        How to​ use the time you're already spending on the internet to build a digital business in your spare time.

·        How to​ get a product to sell if you don't have one already and... how to get it for nothing.

·        The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experience with social media."

You'll discover all this and more when you watch the webclass below.

I'M READY TO WATCH THE FREE TRAINING NOW!

WATCH THIS TRAINING IF:

·        You own a business.

·        You want to own a business without quitting your job yet.

·        You are serious about building a profitable online business.

·        You're tired of wasting time on social media and want to make money instead.

·       "Stop Wasting Time On Social Media And Start Making Money Instead" (even if you lack time, resources, experience, or expertise).

I'M READY TO WATCH THE FREE TRAINING NOW!

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#socialmediamarketing #makemoneyonline #jobs #jobvacancies #furlough

China Bans All Cryptocurrency Transactions Declaring Any Trading “Illegal”

China Bans All Cryptocurrency Transactions Declaring Any Trading “Illegal”

China's central bank has declared all transactions of crypto-currencies illegal, in effect banning digital tokens such as Bitcoin.

"Virtual currency-related business activities are illegal financial activities," the People's Bank of China said, warning it "seriously endangers the safety of people's assets".

This is a blow to independent digital “currencies”, as China is one of the world's largest crypto-currency markets.

Is Crypto a real currency?

It is certainly not a reliable and stable way to pay for things. The price of Bitcoin fell by more than $2,000 (£1,460) today following the Chinese announcement.

It is the latest in China's national crackdown on what it sees as a volatile, speculative investment at best - and a way to launder money at worst.

The latest move follows a 2019 ban on trading crypto-currency, which has continued online through foreign exchanges.

China has warned of crackdowns on crypto this year.

In May, Chinese state intuitions warned buyers they have no protection for continuing to trade Bitcoin and other currencies online.

In June, it told banks and payment platforms to stop facilitating transactions and issued bans on "mining" the currencies - the trade of using power hungry computers to create new digital coins.

Friday's announcement is a stark warning yet that China wants to shut down crypto-currency trading in all its forms.

The statement clearly states that anyone involved in "illegal financial activities" are committing a criminal offence and will be prosecuted.

Even foreign websites providing such services to Chinese citizens online is also an illegal activity.

China already has its own digital version of the Yuan, and other central banks are set to follow in a bid to phase own cash and get a tighter grip on our money.

Will other governments eventually ban non-central bank currencies?

How digital coins are mined

The technology behind crypto-currencies, including the leading crypto Bitcoin, is linked on many distributed computers verifying and checking transactions on a giant shared ledger known as the blockchain.

New "coins" are randomly awarded to those who take part in this work - known as crypto "mining".

China, with its relatively low electricity costs and cheaper computer hardware, has become one of the world's main centres for mining activity.

Online gamers blame the mining industry for a global shortage of powerful graphics cards, which miners use for processing crypto-currencies.

Two years ago in September 2019, China accounted for 75% of the world's Bitcoin energy use, but by April 2021 it had dropped to just 46%.

Other money news trending

·        Driverless trucks are here just in time to save us from the so-called driver shortage

·        UK government considering temporary working visas to solve ‘driver shortage’

·        Fuel shortage in UK blamed on driver shortage as protestors block Dover port

·        Seasonal Agricultural Workers Scheme working visa to be changed to save crops

·        Stock market crash avoided as Evergrande comes to an arrangement with creditors

·        Half UK mortgage borrowers remain in debt after retirement as living standards fall

·        UK base interest rates held as Bank of England predicts 4% inflation and 2022 rate rise

·        UK drifting into stagflation with higher inflation and slow growth

New ‘world order’ is here – wake up!

The world of business has changed forever and unless you adapt your business will decline.

What can you do to take advantage of the changes rather than hoping things will go back to ‘normal’ again? They won’t.

The biggest revolution is the explosion in online trading and social media marketing.

Businesses which have adapted have boomed while others are no longer in business.

Can you make money on social media?

I notice that kids are very good at creating videos and posts on social media. Unlike me, they have grown up with IT and social media, but that doesn’t mean us oldies can’t get in on the act!

We can all learn to not only how to use social media,

but also how to make money on social media…

"Stop Wasting Time On Social Media And Start Making Money Instead"

You can learn how to make money on social media from my mentor Paul O’Mahony, founder of the ReThink Academy, who has made millions online starting from nothing.

In this FREE webclass you're going to see:

·        How to​ use the time you're already spending on the internet to build a digital business in your spare time.

·        How to​ get a product to sell if you don't have one already and... how to get it for nothing.

·        The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experience with social media."

You'll discover all this and more when you watch the webclass below.

I'M READY TO WATCH THE FREE TRAINING NOW!

WATCH THIS TRAINING IF:

·        You own a business.

·        You want to own a business without quitting your job yet.

·        You are serious about building a profitable online business.

·        You're tired of wasting time on social media and want to make money instead.

·       "Stop Wasting Time On Social Media And Start Making Money Instead" (even if you lack time, resources, experience, or expertise).

I'M READY TO WATCH THE FREE TRAINING NOW!

CLICK HERE TO WATCH https://bit.ly/38rzLvZ

Spots Fill Up Fast - Limited Seats Available!

 

 

#socialmediamarketing #makemoneyonline #china #property #stockmarketcrash #bitcoin #cryptocurrencies

Inflation Is Back As Prices See Biggest Rise Since Records Began

Inflation Is Back As Prices See Biggest Rise Since Records Began In 1997

Consumer price rises in the UK saw the highest leap since records began in 1997 as the economy opened up following several lockdowns.

According to official government figures, the increase in the cost of living, as measured by the Consumer Prices Index, reached 3.2% (50% above BOE target) in the year to August, the highest since 2017.

Rising prices for food, petrol and used cars were up from 2% the previous month.

But the Office for National Statistics (ONS) is following the Bank of England’s line describing the August's price increases as "temporary".

The markets barely reacted to the higher inflation figures with London Stock Market prices down slightly this morning.

The main weapon employed by central banks to curb inflation is to increase interest rates. However, this will also increase their own government’s interest payments on the trillions of Pounds, Dollars and Euros they have created to prevent a covid recession and stock market crash.

One thing that’s certain to go up is tax! Tax hikes, like the tax on landlords, to pay for the billions in financial stimulus to rescue the economy during the last year.

How are you adapting to the ‘new world order’?

The world of business has changed and unless you adapt your business will decline.

What can you do to take advantage of the changes rather than hoping things will go back to ‘normal’ again? They won’t.

The biggest revolution is the explosion in online trading and social media marketing.

Businesses which have adapted have boomed while others are no longer in business.

Can you make money on social media?

I notice that kids are very good at creating videos and posts on social media. Unlike me, they have grown up with IT and social media, but that doesn’t mean us oldies can’t get in on the act!

We can all learn to not only how to use social media,

but also how to make money on social media…

"Stop Wasting Time On Social Media And Start Making Money Instead"

You can learn how to make money on social media from my mentor Paul O’Mahony, founder of the ReThink Academy, who has made millions online starting from nothing.

In this FREE webclass you're going to see:

·        How to​ use the time you're already spending on the internet to build a digital business in your spare time.

·        How to​ get a product to sell if you don't have one already and... how to get it for nothing.

·        The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experience with social media."

You'll discover all this and more when you watch the webclass below.

I'M READY TO WATCH THE FREE TRAINING NOW!

WATCH THIS TRAINING IF:

·        You own a business.

·        You want to own a business without quitting your job yet.

·        You are serious about building a profitable online business.

·        You're tired of wasting time on social media and want to make money instead.

·       "Stop Wasting Time On Social Media And Start Making Money Instead" (even if you lack time, resources, experience, or expertise).

I'M READY TO WATCH THE FREE TRAINING NOW!

CLICK HERE TO WATCH https://bit.ly/38rzLvZ

Spots Fill Up Fast - Limited Seats Available!

 

 #socialmedia #socialmediamarketing #inflation #freewebclass #makemoneyonline

 

How Does Your Financial Diet Impact Your Weath?

What Does Your Financial Diet Do For Your Bank Balance?

I’ve lost 7kgs using a revolutionary 2 step diet.

1.      Eat less

2.      Exercise more

Can you apply this to your finances? Yes!

1.      Spend less

2.      Save more

Would you like to read more books, but don’t have the time?

China has introduced a rule to limit children from playing games online to 1 hour a day three times a week. How much time do you spend on your phone or computer?

"Stop Wasting Time On Social Media And Start Making Money Instead"

You can learn how to make money on social media from my mentor Paul O’Mahony, founder of the ReThink Academy, who has made millions online starting from nothing.

In this FREE webclass you're going to see:

·        How to​ use the time you're already spending on the internet to build a digital business in your spare time.

·        How to​ get a product to sell if you don't have one already and... how to get it for nothing.

·        The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experience with social media."

You'll discover all this and more when you watch the webclass below.

I'M READY TO WATCH THE FREE TRAINING NOW!

WATCH THIS TRAINING IF:

·        You own a business.

·        You want to own a business without quitting your job yet.

·        You are serious about building a profitable online business.

·        You're tired of wasting time on social media and want to make money instead.

·       "Stop Wasting Time On Social Media And Start Making Money Instead" (even if you lack time, resources, experience, or expertise).

I'M READY TO WATCH THE FREE TRAINING NOW!

CLICK HERE TO WATCH https://bit.ly/38rzLvZ

Spots Fill Up Fast - Limited Seats Available!