Chinese property developer turned cautionary tale
Hui Ka Yan, founder of Evergrande, has pleaded guilty to charges including fundraising fraud and bribery. The court has announced he expressed remorse during his trial in Shenzhen. The case follows Evergrande's collapse with over $300 billion in liabilities, marking a significant development in China's ongoing property sector crisis.
Airlines and credit-card brands are introducing grab-and-go lounges to ease congestion in premium spaces, while traditional lounges tighten access, issuing fewer passes and shorter stays. New, compact lounges aim to move travelers quickly through hubs without sacrificing convenience.