Bankruptcy protection in the us under chapter 15 which governs Foreign Companies in the us, protecting them from creditors that might want to sue them. You have probably heard of chapter 11. That typically governs American Companies but it is chapter 15. According to Court Filings these negotiations are ongoing in hong kong, canaanite and British Virgin islands. We have reached out to evergrande that have not had conversation. To those who have wondered if they have ever thought of evergrande before it is chinas huge property giant. They have about 1300 projects across 280 different cities in china and they invest in everything, not just property. They have an electric vehicle maker and a football club, but as i mentioned, 2021 was when we saw the Company Default on its debts, sending shockwaves across the Global Financial system and triggering a string of defaults from builders who owed money to evergrande or expected them to complete some contracts. We have seen 40 or the companies t
price of these items. greetings, j thank you for having me. as you mentioned, the food prices index, the climb compared to it, the decline was modest, around 2% but what is important is that the decline which we observed last march in march 2022 was over 22%. so what is behind it? let s remember that the food price index includes quotations of bulk commodities so on this international level bulk commodities, the markets depending on the specific commodity, remain relatively balanced supply and they are often quite stable. we have noticed a decline in the cereal prices when the maize and wheat prices when the maize and wheat prices decline while on the other hand rice prices increase. so it means the supply generally is quite steady while the demand remains steady. i would like to mention the case of sugar which has been, unlike other commodities, increasing recently. this is because of relatively tight conditions on the global markets and concerns about la nina on production.
where the skies are clear and the winds are light, east anglia and the south east. some of the countryside is close to freezing tomorrow. it will feel cold but a lot of sunshine continues during the day. northern ireland and scotland, the rain moves through with strong winds, even severe gales in the western isles. some of the rain reaching cumbria and anglesey in the afternoon. most of england and wales will be dry and a touch milder here. the headlines. police say ten people have been killed and eight injured in an explosion at a petrol station in county donegal, in the republic of ireland. a massive fire has severely damaged the strategically important road and rail bridge connecting occupied crimea to russia. ukrainian officials say they ve found two mass burial sites in the recently liberated town of lyman one with around 200 graves. now on bbc news, talking business. hello, everybody. a very warm welcome to talking business weekly, with me, aaron heselhurst. let s tak
and fair, the big boss web browsers tells me ourfoundation is and fair, the big boss web browsers tells me our foundation is trying to compete with google and apple and still have an influence. wherever your joining wherever yourjoining me from around the world, bigelow on a warm welcome to the show and china, second biggest economy and more than four times the size ofjapan. times the size of japan. what happens there certainly matters. a year since the government abandon coronavirus lockdowns economist are struggling and including vast debts of the property market in local government soaring youth unemployment at an ageing workforce and trade tension with the united states. lost in decades and some say that was deliberate but it will be achieved according to the imf will finish the assessment in november while warning big challenges still lie ahead. reaching 5.4% in 2023 and reflecting a strong reopening and rebound in domestic demand particularly consumption. growth will sl