radek sikorski, in warsaw, welcome to hardtalk. hello. good to see you again, stephen. it s great to have you on the programme. let s begin with a simple thought. the portents for ukraine in its grim battle against vladimir putin s forces in ukraine, the portents are really very negative, are they not? the supply of weaponry and of money coming from kyiv supporters is drying up. how concerned are you? that s not quite right. i was in kyiv within days of my appointment in december. my prime minister, the former head of the european council, donald tusk, has just been there, and the ukrainians have achieved a victory that has not been noticed in the western press, namely that, against stiff russian opposition, they have cleared western black sea of russian ships and they have now resumed grain shipments, not under a deal, from odesa via the western black sea to the bosphorus and to africa and beyond. that s a considerable military success. that s not insignificant. and they als
liquidation of the company. it basically means its assets will be seized, sold off, in order to repay some of its outstanding debt. in terms of the company public day to day operation including building homes in mainland china, it will probably stay the same for now. this ruling doesn t send a through the chinese financial market because of course for many decades a real the real estate sector has been one of the major drivers for china s economy growth. whether or not this liquidation process will be followed remains to be seen because despite the one country, two systems slogan, many experts that i ve spoken to have said that there are some thornyjurisdiction issues some thornyjurisdiction issues so whether or not the liquidation there liquidator that will be appointed by hong kong court, whether or not that person will be recognised by mainland china remains to be seen. of course a lot of ordinary chinese citizens have been, have invested in evergrande, haven t had thei
this. is this what you were expecting? this. is this what you were meeting? this. is this what you were exectinu ? ~ , expecting? well, it did seem like the company expecting? well, it did seem like the company was - expecting? well, it did seem| like the company was coming expecting? well, it did seem i like the company was coming to the end of its road. it has been 1.5 years. the chairman was placed under investigation by mainland law enforcement authorities so it did look like the company was really struggling to come up with any kind of thing acceptable to the creditors. ., ~ , kind of thing acceptable to the creditors. . ~ , ., ., creditors. talk us through what ha ens creditors. talk us through what happens nova creditors. talk us through what happens now. for creditors. talk us through what happens now. for those - creditors. talk us through what happens now. for those that i creditors. talk us through what. happens now. for those that are owed a lot of money, wh
Were prepared to do whatever we have to do, so, the membership is ready, the membership is fed up. Were fed up with falling behind. Its been decades of falling behind and especially this past decade, in the most wealthiest times of the history of these companies, there is no excuse, these companies have made a quarter of a trillion dollars in the last ten years. 21 billion in the last six months alone. And our workers wages and conditions have gone backwards police. Police in Southern China say theyve detained some staff at the Wealth Management unit of embattled Property Developer evergrande. The identity of those whove been taken by authorities and the charges that they might be facing are unclear at this stage. Evergrande is at the centre of a crisis in chinas Property Sector which has seen a string of Debt Defaults since late 2021. Focusing on the Business Calendar which this week is heavy with central bank meetings. Taking a look at what were looking ahead to. On wednesday, Chinas
but that moving patients many of whom are in intensive care is impossible. more from the middle east in a moment. more from the middle east in a moment. time for a look at the business news now with ben thompson. good afternoon, ben. thank you very much. let me bring you up to date. let me bring you up to date. we start in china, where the world s most indebted property developer evergrande has been granted more breathing space by a court in hong kong, before a decision is made over its possible liquidation. the firm, which owes over $300 billion, has until a hearing scheduled for 4th december to come up with a new restructuring proposal, as nick marsh reports. evergrande has got five weeks to achieve what they have failed to do for the past two years, which is come up with a repayment plan that its creditors will agree to. now, if they don t manage to do this, then liquidation is a possibility, but don t think that that would mean the end of the evergrande story. in