Ever-Strange - The massive Chinese developer is still in deep water, but things are getting even stranger. Shares were halted in Hong Kong and other Asian exchanges where the firm was listed and an announcement was made detailing plans that Hopson Development, another Chinese developer, would purchase a 51% stake in Evergrande's property management unit for a price tag of around $5.1bn. Hopson shares were also halted yesterday, a not-so-subtle signal of what the market thinks of this acquisition. Don't worry though apes, Hopson only has like $108bn in total debt, I'm sure they're more than prepared to take on another ~$300bn.
From Box to Papers - A Greek mythological figure, a shitty music streaming service, a jewelry company, and now the brand name of the latest international financial scandal. Apparently, people really like Pandora. This time, Pandora is the label for an international scandal involving many of the most powerful individuals across the globe and where they stash their "extra" cash.
Basically, the papers expose a vast network of worldwide syndicates running offshore bank accounts stashed in those tax havens we all know and love, including The Cayman Islands, Panama, and Switzerland. This all on behalf of at least 35 heads of state and 300 other public officials, not to forget the 100+ billionaires, celebrities, and business tycoons also involved, because credit where credit is due, right?
I'm sure you're all wondering "so, who snitched?" Well, none other than the International Consortium of Investigative Journalists in D.C. And who did they snitch on? I mean, I wouldn't call them the usual suspects, but its who you expect, including: Vladimir Putin (obviously), Volodymyr Zelensky, Elton John, Ringo Starr, and the heads of state of Honduras, Spain, Kenya, the Dominican Republic, and many, many more. Now, not everyone named is accused of wrongdoing, but you can damn well expect this story to circulate for an annoyingly long time.