like shareholdings and some other subsidiary companies, those assets are very readily accessible. the issue is that most of the company s assets are onshore in mainland china, they are land, properties the company had 1,200 projects at different stages of development as of 2022. but those assets are going to be tricky to access. in theory, hong kong and mainland have a 2021 arrangement for resolving insolvent companies like evergrande, but in practice what needs to happen is mainland courts will need to recognise this liquidation, but they also need co operation from local governments. i think it will be very tricky. this is just one stage in what is likely to be still quite prolonged process if the off shore creditors wish to get hold of ultimately money which comes from mainland property assets. let s talk to hong bo, professor of financial economics in the school of finance and management at london s soas university. the chinese government is unlikely to allow evergrande
this is bbc news, the headlines. the un says once facilities sheltering thousands of people in gaza has been hit leaving nine people dead. a russian military plane crashes, with no survivors. moscow says ukrainian prisoners of war were on board and accuses kyiv of shooting it down. in the us, donald trump defeats nikki haley in the republican primary in new hampshire but she s vowing to stay in the race. sport and for a full round up, from the bbc sport centre, here s hugh. alexander zverev has done something he s never done before, beaten a player ranked in the top five at a grand slam. but he broke that duck with a victory over carlos alcaraz that took the german sixth seed into the australian open semi final. zverev lost only two points on his own serve in racing to a first set lead and had a break in the third to beat alcaraz in three, but the spaniard fought back taking the thidr back taking the third on a tie break. but after exchanging breaks of serve early in the fou
they were looking to salvage a terrible financial performance that it has been seen, but also for sony, which is also really facing stiff competition right now in the indian market from the likes of amazon, netflix as well as a potential merger between disney and reliance industries. these two giants were looking to come together and consolidate their presence against this competition, but of course it has now fallen through because there was no consensus it has been said between the two companies and who would lead the merged entity. zee of course wanted its current loss to be leading it. sorry of course had reservations about that because of a number of corporate governance cases that have been pending against him. so despite nearly two years of negotiations and a 30 day grace period, the deal has now fallen through. it doesn t look like this is the end because sony is now seeking a $90 million termination fee and zee has said it will go to the courts as well. we will have
and three european champions cups. there was plenty of drama on day nine of the australian open. sixth seed alexander zverev had to win a fifth set tie break in his match against britain s cameron norrie to make the quarter finals. the german will face number two seed carlos alcaraz who lost just eight games as he beat miomir kecmanovic of serbia in straight sets. it is great to find this level, to play this level in the matches, on the court, i am feeling better and better every day, i m feeling better every match that i am playing, coming into the quarterfinal with a lot of confidence. a shock at the africa cup of nations on the cards, as the hosts ivory coast could be heading out following their 4 0 hammering at the hands of equatorial guinea. emilio nsue s double helped them to a famous win that saw them top group a and qualify for the knockouts. ivory coast need other results elsewhere to go their way. earlier, nigeria had to rely on an own goal to beat guinea bissau 1 0
hello, i m christian fraser. you re watching the context on bbc news. donald trump s legal challenges continue as ejean carroll returned to the witness stand today to testify in her damages trial as part of her defamation case against him. unlike yesterday, the former president was not present in court. us forces have conducted strikes in yemen on two houthi anti ship missiles today that were loaded and prepared to launch. us officials say they destroyed the missiles. that is the fifth round of attacks against the houthis in yemen since thursday. on wednesday, an american owned vessel was hit by a drone near the gulf of aden, second time in a week that us vessels have been targeted by the houthis. also on wednesday, the white house re designated the houthis as a terrorist organisation which will mean sanctions. the secretary of state said that status will be reviewed if the attacks stop. here sjoe biden speaking at the white house. he was asked if the airstrikes in yemen were