China Evergrande Boss Steps Down as Chairman of Flagship Property Business

Real-estate billionaire Hui Ka Yan has stepped down as chairman of China Evergrande Group’s flagship property business, months after the unit dropped plans for a multibillion-dollar listing on the mainland.

Biden’s Soft Infrastructure Agenda May Not Boost Growth

The president has sold soft infrastructure such as in child care,...

How the Pandemic Has Changed the Way High-End Art Is Sold

Private sales at Sotheby’s and Christie’s took off, as live-auction revenues...

Facebook to Hire 10,000 Workers in EU to Build Up ‘Metaverse’

Facebook is planning to create 10,000 jobs in the European Union...

China Third-Quarter Economic Growth Slows Sharply to 4.9%

China’s economy grew 4.9% in the third quarter from a year...