collapse

Without a rescue, the UK's largest water utility will collapse into a government supervised administration process by early next year.

Just look at Wonga, the British payday loan company that collapsed into administration in 2018 after being accused of predatory lending for years.

Real estate woes have hit the Chinese economy heavily since then and debt struggles have led to the collapse of major market players such as Evergrande.

In the plant's offices, walls lay collapsed and a large Soviet mosaic that once adorned the hall has been shattered across the floor.

Earlier that day, markets analyst Edwin Dorsey published a report External link warning Pheton was likely “being manipulated by overseas stock manipulation groups and is at risk of a near-term, severe stock collapse.”