China is facing a severe economic crisis as a record number of borrowers face defaults in echoes of the 2008 global financial crash. Defaults by Chinese borrowers have surged to an unprecedented level since the Covid pandemic as the country faces huge economic challenges. Official records now show a staggering 8.54 million people in China, …
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Chinese borrowers default in record numbers as economic crisis deepens
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. Defaults by Chinese borrowers have surged to a record high since the outbreak of the coronavirus pandemic, highlighting the depth of the country’s economic downturn and the obstacles to a full recovery. A total of …
iOS 17.2 Beta Adds Option to Change Default Notification Sound and Haptics
The fourth beta of iOS 17.2 that Apple released today adds a much-desired feature, the option to change the default notification alert. Under Sounds & Haptics, there’s a new “Default Alerts” section that allows you to choose the sound used for all incoming notifications aside from texts, mail alerts, and calendar alerts, which already had …
ECB warns of ‘early signs of stress’ at eurozone banks as default rates rise
Stay informed with free updates Simply sign up to the European banks myFT Digest — delivered directly to your inbox. The balance sheets of eurozone banks are showing “early signs of stress” after a rise in loan defaults and late repayments from historic lows, the European Central Bank has warned. Officials urged lenders to increase …
This Stardew Valley player has figured out how to decorate the default in-game spa
A canny Stardew Valley player has devised an intriguing way of decorating the in-game spa thanks to a little-known bug that lets players access their inventory out of bounds. By spamming weapon attacks, ItsJinosaur has been able to fully customise the bathhouse/spa, arguably one of Stardew’s most overlooked, and under-used, landmarks. Getting started in Stardew …
Sundar Pichai acknowledges Google search default deals were ‘very valuable’
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sundar Pichai conceded that agreements making Google’s search engine the default on smartphones and browsers can be “very valuable”, as the Alphabet chief executive took the witness stand in the most significant monopoly trial in …
Google paid $26.3bn for search default deals in 2021, executive testifies
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A top Google executive on Friday revealed the internet giant paid $26.3bn in 2021 to make its search engine the default on most smartphones and browsers, after a judge forced the company to disclose what …
Google paid $26.3 billion in 2021 to be the default search for Apple, Firefox, and more
The US v. Google antitrust trial is about many things, but more than anything, it’s about the power of defaults. Even if it’s easy to switch browsers or platforms or search engines, the one that appears when you turn it on matters a lot. Google obviously agrees and has paid a staggering amount to make …
Country Garden: China property giant default fears grow
By Mariko Oi Business reporter 1 hour ago Image source, Getty Images China’s biggest private property developer Country Garden is believed to have become the latest property giant to default on its overseas debt. The firm has $11bn (£9bn) in debt and another $6bn in onshore loans, and a default would mark one of the …
Google is making passkeys the default login option for all personal accounts
Google If you’ve ever complained about having to remember too many passwords, a new Google initiative may help you out. In fact, Google is hoping you’ll decide to ditch passwords entirely. Starting today, Google is making passkeys the preferred login setting for signing in to your Google account. Instead of relying on a traditional password, …