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Zelensky addresses MPs in the British Parliament's House of Commons.

EYEPRESS via Reuters Connect

Zelensky takes center stage

On Wednesday, we’re tracking two developments that could shift the Russia-Ukraine story.

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China Evergrande Group logo displayed on a phone screen and Chinese flag displayed in the background are seen in this illustration photo.

REUTERS/Jakub Porzycki

Can Xi save China from Evergrande?

Evergrande, China's second-largest property developer, got on Monday its best news in months: someone's willing to buy part of its hugely indebted real estate empire, probably for fen on the yuan. But the company's still in deep trouble: it owes a whopping $305 billion — about 2 percent of China's GDP.

Chinese authorities have spent weeks bracing for Evergrande's looming default like for a slow-moving train collision. With 1,300 projects across 280 cities across China, Evergrande — a gargantuan corporation that also runs theme parks, makes electric vehicles, and owns a soccer team — is a heavyweight in China's once-booming real estate industry, which has driven much of the country's economic growth over the past decade by relying on heavy borrowing.

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