China reduces lending rates as the real estate crisis worsens.

Creative Media NewsTuesday, 23 August 2022, 2:000

China’s central bank has reduced its mortgage rate to stabilize the property market. The People’s Bank of China (PBOC) reduced the prime rate (LPR) for five-year loans by 1.5 percentage points, matching its largest reduction on record. Some construction projects have halted in the world’s second-largest economy as a result of a property crisis. Lockdowns...

Cineworld admits it is contemplating Chapter 11.

Creative Media NewsTuesday, 23 August 2022, 1:000

Cineworld has revealed that it is considering filing for bankruptcy in the United States as it continues to struggle with $5 billion in debt. However, the corporation, which also owns the Picturehouse chain in the United Kingdom, stated that its theatres would “stay open for business” and that there would be “no substantial effect” on...

Sizewell C investment expected in future weeks.

Creative Media NewsTuesday, 23 August 2022, 0:000

Boris Johnson and Chancellor Nadhim Zahawi are also thought to be on board, as is Business Secretary Kwasi Kwarteng. However, other allies of Liz Truss are concerned that making a quick choice will restrict the future administration’s options. In the next weeks, government funding for a new multibillion-pound nuclear power facility in Suffolk is anticipated...

Former Pakistani prime minister Imran Khan is indicted under anti-terror law.

Creative Media NewsMonday, 22 August 2022, 23:000

Imran Khan alleged on Sunday that the government temporarily blocked YouTube in Pakistan so that his political rally speech could not be viewed live. Former Pakistani prime minister Imran Khan has been indicted under anti-terror statutes for allegedly threatening police officials and a judge. In a speech he delivered on Saturday, he allegedly issued threats...

40 killed in northern India floods and landslides; forecasters predict more rain.

Creative Media NewsMonday, 22 August 2022, 22:000

Hundreds of villages were inundated by heavy rainfall, which caused mud buildings to be swept away, roads to be flooded, bridges to be demolished, and rescuers to rush to assist stranded residents. Floods and landslides caused by strong monsoon rains have killed at least 40 people and left others missing in northern India during the...

The heart of Emperor Pedro I arrives in Brazil.

Creative Media NewsMonday, 22 August 2022, 21:000

The heart of Brazil’s first monarch, Dom Pedro I, has arrived in Brasilia to commemorate two centuries of independence from Portugal. The heart, which is stored in a flask containing formaldehyde, was transported from Portugal on a military aircraft. It will be greeted with military honours before to being displayed publicly in the foreign ministry....

Heatwave causes Yangtze to recede, revealing three Buddhist statues.

Creative Media NewsMonday, 22 August 2022, 20:000

Fears of a “severe scenario” in the Sichuan province due to the loss of water to the hydroelectric system have prompted forecasters to warn that the heat wave could persist well into September. China’s Yangtze River is receding, revealing a submerged island containing three Buddhist statues believed to be 600 years old. Parts of the...

Missing hiker in Zion National Park, Utah, following flash flood.

Creative Media NewsMonday, 22 August 2022, 19:000

A hiker is still missing several days after being washed away by flash flooding in Zion National Park, Utah. Jetal Agnihotri is unable to swim and was last spotted clinging to a log in swift-moving water. Jetal Agnihotri, a resident of Tucson, Arizona, went missing on Friday as she traversed the Narrows despite rain forecasts....

Iconic Shanghai sights are darkened due to a power shortage caused by a drought.

Creative Media NewsMonday, 22 August 2022, 18:000

The Bund, an iconic skyline in the Chinese city of Shanghai, will not be lit for two nights to conserve energy, according to officials. The waterfront region is a famous tourist destination because it combines old and modern buildings. They had experienced power outages. Large portions of the world’s second-largest economy are experiencing a catastrophic...

US and South Korea launch largest military drill in years amid North Korean nuclear threat.

Creative Media NewsMonday, 22 August 2022, 17:000

The Ulchi Freedom Shield exercises will continue in South Korea through September 1 and will include field exercises using planes, vessels, tanks, and perhaps tens of thousands of soldiers. However, North Korea views the exercises as invasion preparations. The United States and South Korea have begun their largest joint military exercise in years in response...

Russian security says Ukraine bombed Putin ally’s daughter.

Creative Media NewsMonday, 22 August 2022, 16:000

The FSB, as reported by the Interfax news agency, stated that the incident was perpetrated by a mother who came to Russia with her adolescent daughter last month. According to Russia’s intelligence service, Ukrainian special operations personnel were responsible for a car explosion in Moscow that killed the daughter of a Putin ally. The FSB,...

The cousin of Tyson Fury was stabbed to death in a ‘senseless’ attack.

Creative Media NewsMonday, 22 August 2022, 15:000

Rico Burton, age 31, was one of two individuals attacked early Sunday morning in the fashionable Goose Green neighborhood of Altrincham, Greater Manchester. A murder inquiry has been opened after Tyson Fury’s cousin was fatally stabbed outside of a club in a “senseless” incident. Rico Burton, age 31, was one of two people attacked early...

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