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Vanke reports $6.8 billion annual loss amid struggling Chinese property market

Hong Kong-listed property giant Vanke reported a significant annual loss of 49.5 billion yuan ($6.8 billion) on Monday, attributing the sharp decline to falling sales and shrinking profit margins despite efforts by Beijing to revive the struggling housing market. The company stated that 2024 had been an “exceptionally challenging year,” apologizing for the “distress caused”…

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Rookie sensation! Ashwani Kumar’s record-breaking debut powers Mumbai Indians to first win of IPL 2025 | Cricket News

NEW DELHI: Mumbai Indians‘ debutant pacer Ashwani Kumar announced his arrival in style, delivering a sensational 4/24 on his IPL debut to decimate Kolkata Knight Riders’ batting lineup. His heroics paved the way for Mumbai Indians’ emphatic eight-wicket victory at the Wankhede Stadium on Sunday.The 23-year-old left-arm pacer from Jhanjeri, near Chandigarh, carved his name…

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