Evergrande posts losses of $81 billion over two years

Evergrande Group, the world’s most indebted property developer, has posted long-delayed financial results as a key part of its debt restructuring, which is shaping up to be one of the largest in Chinese corporate history, a media report said.

Samsung maintains top spot in global smartphone market

Samsung maintained the leading position in the global smartphone market with a 21 per cent market share, while Apple held second place with a 17 per cent share in the second quarter (Q2) this year, according to a new report.

Mendy signs for FC Lorient

Former Manchester City left-back Benjamin Mendy has signed for Ligue 1 side FC Lorient on a two-year deal.