Standard Chartered Q1 Profit Hits Record on Wealth and Investment Banking Growth 
Berkshire Hathaway Q1 Earnings Jump 18% as Greg Abel Signals Disciplined Growth Strategy 
Micro Systemation Reports Q1 Loss Amid Strategic Investments and Revenue Growth 
United Airlines Flight Hits Light Pole During Newark Landing, FAA Investigates 
Pershing Square Raises $5 Billion in Landmark U.S. IPO and Share Placement 
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours 
Spirit Airlines Shuts Down Flights, Issues Refunds After Financial Collapse 
Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand 
Supreme Court Asked to Reinstate Mail-Order Access to Abortion Pill Mifepristone 
Why Paycom Was Named a 2026 Platinum Employer on the Where You Work Matters List 
Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings 
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales 
Coles Group Q3 Sales Rise Driven by Supermarkets and E-Commerce Growth 
Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition 
Starbucks Raises 2026 Outlook as Turnaround Strategy Boosts Sales and Earnings 
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth 
Panama-based shipping company China Joy Shipping has filed another wind-up petition against embattled Chinese conglomerate HNA Group whose debts are mounting with its aviation business hit hard by the pandemic.
According to Hong Kong Judiciary's website, a trial is set in Hong Kong on August 26.
China Joy has previously filed for liquidation against HNA in 2012, but withdrew after the latter promised to satisfy its debt of US$400,000.
The HNA Group has been spinning off assets to trim its multibillion-dollar debt load, including the sale of a 20-story office tower in Shanghai for US$502.9 million.
It continues to sink in a pile of debt as its aviation portfolio is being hit hard by the pandemic, with air traffic falling by more than 90 percent globally.
This month, HNA Group also failed to make a US$750 million payment owed from its US$6 billion buyout of US technology distributor Ingram Micro. Its entities, including West Air, have deferred bond payments worth millions of yuan in China.
In April, it postponed the payment of principal and interest worth 1.15 billion yuan on seven-year bonds.
It also stands to lose its overseas aviation portfolio, which includes Swiss-based airport cargo handling company Swissport and the recently collapsed Virgin Australia.
.
