China’s property crisis is expected to worsen as new home sales plummet and indebted developers struggle to find funds to complete projects. WSJ’s Jonathan Cheng traveled to an abandoned “ghost town” to see the challenge China’s real-estate slump poses for the government.
Photo: Antoine Morel for The Wall Street JournalThe U.S. is projected to spend a historic $870 billion in interest on the national debt this year. That’s even more than the defense budget. WSJ’s Dion Rabouin explains why these interest payments keep growing and what it could mean for markets and regular taxpayers.
Photo: Alyssa Pointer/Associated PressRussian forces have been buying Starlink internet terminals and using them on the front line in its war against Ukraine, Kyiv officials say, raising questions about what SpaceX and CEO Elon Musk can do, if anything, to shut down the effort. WSJ explains what we know about how the satellite system works. Photo: Zuma Press/ReutersRoyal Caribbean’s Icon of the Seas carries up to 7,600 passengers and more than 2,300 crew.
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