Chinese developer Sunac unveils unprecedented second restructuring

• Ray Dalio warns that mounting U.S. debt problems could lead to ‘shocking developments'

  Bridgewater founder Ray Dalio on Wednesday warned that a "very severe" supply-demand problem regarding U.S. debt could lead to shocking developments.
  
  CNBC - Mar. 12

• Mainland Chinese investors snap up a record amount of Hong Kong stocks to play AI

  Mainland Chinese investors are piling into the Hong Kong stock market at record volumes as its tech-heavy Hang Seng Index trades around three-year highs.
  
  CNBC - Mar. 11
• 

  Hong Kong property developer Lee Shau Kee dies at 97

  Hong Kong property developer Lee Shau Kee, who led one of the biggest real estate empires in the former British territory, has died
  
  ABC News - Mar. 17

• Alibaba-affiliate Ant combines Chinese and U.S. chips to slash AI development costs

  Alibaba-affiliate Ant Group is using both Chinese and U.S.-made semiconductors to make its AI more efficient, according to a source familiar with the matter.
  
  CNBC - 2d
• 

  Thames Water's £3bn rescue deal cleared by court

  The funding allows the company to continue operating and attempt to restructure its massive debt pile.
  
  BBC News - Mar. 17
• 

  Democrats unveil school lunch debt cancellation measure

  Democratic Senators introduced a bill Thursday to cancel all school meal debt. The measure, led by Sen. John Fetterman (Pa.), states the United States Department of Agriculture (USDA) would pay ...
  
  The Hill - Mar. 13

• US adds dozens of Chinese entities to export blacklist

  Move marks Trump administration’s first attempt to stifle Beijing’s development of military-related technology
  
  Financial Times - 11h

• Inside the world of turbocharged turnkey homes

  Designers and developers are creating a superstrata of ready-to-move in property, with elevated stagings of collectible art and design
  
  Financial Times - Mar. 13

• Piastri wins Chinese GP, leads McLaren 1-2 finish

  Oscar Piastri beat teammate Lando Norris to victory at the Chinese Grand Prix as McLaren continued to look a cut above the competition at the second round of the new Formula 1 season.
  
  ESPN - 2d

More from Financial Times

• Vistry calls staff back to office full-time after cost overruns and profit warnings

  UK housebuilder conducts an internal audit, removes several senior executives and restructures its management team
  
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• China’s developers start to climb out of their self-dug hole

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• New bid to quash North Sea licences is latest test for Labour energy policy

  Campaigners argue in High Court that UK ministers ignored potential climate impact of oil and gas exploration
  
  Financial Times - 30m

• UK’s Royal Society will not take disciplinary action against Elon Musk

  National science academy says judgments potentially seen as political would do ‘more harm than good’
  
  Financial Times - 35m

• FirstFT: White House targets Jenner & Block in assault on law firms

  Also in today’s newsletter, interview with FOMC member Austan Goolsbee and Vance plans visit to Greenland
  
  Financial Times - 1h

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• Vistry calls staff back to office full-time after cost overruns and profit warnings

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  Middle East crisis live: hundreds join anti-Hamas protest in Gaza

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