A court ordered the procedure after the firm failed to come up with a convincing restructuring plan A Hong Kong court on Monday ordered the liquidation of property giant China Evergrande Group, the world’s most indebted developer, after an 18-month long hearing.

One of the world’s largest investment funds lost over $160 billion in 2022 amid market volatility Norway’s sovereign wealth fund, Government Pension Fund Global, posted a record loss of 1.64 trillion kroner ($164.4 billion) in 2022, according to data published on the fund’s website on Tuesday.

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