Yellowknife is now blanketed in smoke, and fires are burning close to the one major road into and out of the city. Rebecca alty is the mayor of yellowknife. She told us what things were like there. Right now, its residents are evacuating by road. As many people as possible are doing that. Theres also, for folks who dont have vehicles, we are starting the air evacuations, so flights. We still have commercial flights, so some people have booked onto a commercial flight, but we have the Evacuation Flights also starting at 1pm. So getting folks registered for thatjust began an hour ago. So folks have been good, theres long line ups i think there was kilometres worth of a line up, so a bit of a snail s place out of town, itsjust one road in, one road out. That highway is where the fire is, so the highway can close. But right now, it is open. So if the conditions change, if the smoke gets too heavy, if the fire were to approach the highway, the highway would be closed in the evacuation would
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
Thets big barr laying out a flaw in the main defense that Donald Trumps lawyers using in the federal election case. Well have much more from the former Attorney General on trumps many, many legal issues in just a moment. Meanwhile a key conspirator in the riot at the capitol could receive the longest sentence yet for the january 6th attack. And a very significant summit at camp david for President Biden. Well explain the stakes at todays meeting. Good morning and welcome to Way Too Early on this friday, august 18th. We made it to friday, folks. Im jonathan lemire. Thanks for starting your day with us. And well begin this morning with the trial date proposed by Donald Trumps legal team that is way, way, way in the future. In a court filing late yesterday the attorneys representing the former president in the federal election interference case against him thats the one out of washington requested that that trial begin in april of 2026. That is 2 1 2 years later than the january 2024 star
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
Russian media showed damage to an Exhibition Centre in that area, west of the city centre. But it wasnt completely clear whether that damage was caused by debris from the drone falling, or whether actually, the drone hit its target. Drone attacks in areas around moscow are relatively common. In fact, we hear almost every day about drones being shot down or drones being discovered on the ground. But it is relatively rare for a drone to get this far into the city centre and this close to the kremlin itself, about three miles away was where this incident took place. You will remember at the beginning of may, the kremlin itself was attacked by two drones. Will, what can you tell us about humanitarian aid, or the corridor that was set up by ukraine after the deal ended and any further discussions didnt go anywhere . I understand that there is a ship that has got through, any more detail on that . Thats right, there are reports that a ship has made its way through that corridor, which was an