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
Of the pricing of Country Garden debt but notjust for the company but for the sector in general and could create another round of market turbulence. Which we have seen in the past few months already. I would say that the key thing here is chinas real estate problem is in the crux of many other problems china is currently facing. Speaking of china, us commerce secretary Gina Raimondo has warned china in interviews on us tv over the weekend that the patience of American Business is wearing thin. The secretary, who was in china last week, said us companies deserve a predictable environment and a level playing field. She commented on chinas economic slowdown, saying the worlds second biggest economy did better when it was more transparent and market oriented. Us retailer walmart has increased its stake in its indian flip card by putting in an additional 3. 5 billion us dollars into the company. Can you just talk us through the details of this latest development . Details of this latest dev
Lets start in the eu, where Three Tech Giants the social media platform x, Tiktok Owner Bytedance and the travel website booking. Com, are waiting to find out whether they could face an Antitrust Crackdown under the eus new digital antitrust rulebook. The Eu Commission has until the end of today to decide whether those three companies would qualify as so called gatekeepers under the new Digital Markets act. The aim of the act is to help competition in the Technology Sector and to try to break down the stronghold of Big Tech Companies. Well, someone who knows a lot about this, because she co negotiated the eu ai act in her previous role in the German Federal chancellery, is kirsten rulf who now is partner and associate director at boston consulting group. A warm welcome to bbc news. Good to see you again. Good to see you again. Greg manning good to see you again. Greg manning 50 good to see you again. Greg manning. So lets good to see you again. Greg manning. So letsjust good to see you
Hello, and a very warm welcome to our viewers here in the United States and all around the world. Im paula newton. Ahead here on cnn newsroom, Vladimir Putin and kim jongun ref up talks in Eastern Russia. What the two are expected to discuss. Plus, the presumed death toll from the catastrophic flooding in libya has more than double and as many as 10,000 are still missing. And the u. S. Takes a key step in a deal to free five americans being detained in iran. What critics are saying about that agreement. And we go straight to our breaking news. Kim jongun is heaping praise on russias Vladimir Putin as the two sit down for their first facetoface talks in more than four years. The meeting in russias far east follows days of warnings from the United States about these two leaders possibly sealing a deal on weapons. But theyre not talking about that publicly, at least not yet, any way. Instead, the russian president spoke of cooperation on humanitarian and economic issues. And in a veiled s
Carrying a knife near the Houses Of Parliament has been arrested on terrorism suspicions. The 27 year old was stopped on Parliament Street close to whitehall. Us President Donald Trump has come to the end of his first 100 days in office. We take a look at what he has achieved on the economic front. And profits jump at googles Parent Company alphabet as a Search Engine continues to dominate digital advertising. Welcome to asian business report. Saturday marks the 100 days of Donald Trumps presidency. 0n the campaign trail, he made bold promises of what he would do in his first 100 days in office. But, being the president turns out to be quite different than getting elected. And very little of mr trumps plan has been carried out. On the economy, much of what it wa nts to out. On the economy, much of what it wants to do relies on Getting Congress to work with the white house and that is proving difficult. We have more from new york. Asa as a candidate, donald trump had ambitious plans for