China's KWG Group Defaults On Debt

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Chinese developer KWG Group Holdings Ltd. defaulted on its dollar bonds. This raises questions about whether state assistance for the struggling real estate industry is effective. The company had sold a state-guaranteed onshore note in January. The report was given by Lorretta Chen on Bloomberg Television.

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Ukrainian President Zelenskiy went to the G-7 summit without warning. This made the Brazilian delegation anxious. They now have to meet with President Lula da Silva. Brazilian officials said they feel pressured.

meetings in Congress over the debt limit. Trump's post made it difficult for Kevin McCarthy to negotiate with the White House. Many people are worried about the lack of progress in the debt negotiations. Meanwhile, Trump's new social media platform, Truth Social, is gaining attention.