Donald Trump speaks during a roundtable in the Roosevelt Room of the White House, Wednesday, Dec. 10.(AP)

2028 Is MAGA’s Expiration Date

Is there another Republican who can keep the Trump coalition together in 2028? Asked that question this week, the president wouldn’t say. He allowed that “we have a great cabinet,” suggesting that he prefers to see a member of his administration succeed him. “But you never know,” he concluded. “You never really know until they…

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New World secures US$11.3 billion refinancing just before deadline, averts loan default

New World secures US$11.3 billion refinancing just before deadline, averts loan default

Hong Kong developer New World Development (NWD) has successfully refinanced HK$88.2 billion (US$11.3 billion) of debt just before the deadline, concluding months of negotiations that pulled the company back from the brink of default. The refinancing package includes multiple tranches of bank loans with varying maturities, with June 30, 2028, being the earliest, the developer…

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