Always a pleasure to see you. This is a company that almost collapsed two years ago. Why is it filing for bankruptcy in the United States . I think it is a legal move. The Debt Restructuring Talks were already going on with hong kong, cayman islands, word has holding companies. The advantage for evergrande to file for bankruptcy in america is a gives it some protection against us creditors for the duration of that Court Process. I5 creditors for the duration of that Court Process Court Process. Is there a lot of exoosure Court Process. Is there a lot of exoosure for Court Process. Is there a lot of exposure for foreign Court Process. Is there a lot of. Exposure for Foreign Companies Court Process. Is there a lot of exposure for Foreign Companies here . I think there is a certain amount of exposure. There are enormous amounts of debts, large amounts of the offshore bonds have lost their value and i believe many of the less risk taking investors already sold their offshore bonds a couple
threatens a french institution the baguette. we find out how many of the country s 35,000 bakeries will survive. good to have you with us. it s that time of year when the global elite gather in the swiss alpine ski resort of davos. the theme for the world economic forum is cooperation in a fragmented world, and top of the agenda will be the global economy which according to the world bank is perilously close to falling into recession . it expects the world economy to grow byjust 1.7% this year. what can the global leaders do who are gathered in davos? critics argue it s a talking shop that rarely leads to significant change in solving the worlds problems. brian coulton is chief economist at fitch ratings. brian, good morning to you. when we look at the official agenda for davos, the list is long. there is an awful lot to discuss, but when it comes to the state of the global economy, that will dominate, won t it? it economy, that will dominate, won t it? ~ , won t it? it
Manufacturing are up thanks to a stronger pound but prizes in the shops are expected to go up and we wont get a pay rise to match. Cash prices. Prices. In sport, chelseas winning run comes to an end as the League Leaders are beaten at tottenham. Two goals from delle alli do the damage at White Hart Lane as they win 2 0 and move up to third. I will be live from las vegas as the worlds biggest gadget show gets under way, the big thing this year, intelligent machines, Artificial Intelligence baked into everything from your car to your toothbrush. And carol has the weather. A cold and frosty start to the day, temperatures in some parts have fallen two 7 but there will be a lot of Crisp Winter Sunshine but in the west there will be a bit more clout fallen to. More details in a few minutes. Bit more clout. Cloud. Good morning. Our main story is a warning from the childrens commissioner for england that young people are left to face the dangers of bullying and grooming online alone. Anne long
very different choice. it doesn t want to go down the old route which led to a massive debt hangover, it led to a massive debt hangover, it led to a massive debt hangover, it led to investment in bad assets and the likes of evergrande being encouraged to carry on its very risky behaviour of more debt and bad investment. this time around they are trying to steer a path of getting a stimulus to stabilise things, but not enough to go down the massive debt hangover. what things, but not enough to go down the massive debt hangover. what is wron: with the massive debt hangover. what is wrong with the the massive debt hangover. what is wrong with the chinese the massive debt hangover. what is wrong with the chinese property - wrong with the chinese property market? it wrong with the chinese property market? ., , ., , , wrong with the chinese property market? ., , , ., market? it obviously got hit with the pandemic. market? it obviously got hit with the pandemic. people market? it obvi