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Live from london, this is business today. We start with uber, the us Tech Firm that has become a global transport giant. Around The World some 6 Million people work as drivers and couriers through the uber app, and their services are used by 150 Million people at least once a month. Well, the boss of uber, dara khosrowshahi, has been talking to our business editor simonjack, about their plans to make the firm greener and get more of their drivers using Electric Cars. But hes worried that trade tensions with china are getting in the way. The us and europe are hitting chinese Electric Cars with hefty Import Taxes or tariffs ....
Good morning. You have been crunching the numbers, they have just come out. They sound like they are doing very well. It does, doesnt it . They are benefiting from Rising Interest Rates all around the world, not just in the uk. Hsbc is a global buying and we have had Interest Rate rises everywhere, they have cashed in on back. Margin up by a0 basis points and revenues increased as a result. Cashed in on that. Most of the money they are making is in asia, i assume . Yes, pretty much. They are looking at good performances in commercial banking, transaction banking, things like that. Its looking pretty solid across the board. ,. , board. There was this whole roblem board. There was this whole problem with board. There was this whole problem with their board. There was this whole problem with their biggest l problem with their biggest shareholder in china wanting to split u ....
Built at the gravity Business Park in somerset by Jaguar Land Rover owner tata. A major shot in the arm for the uks Electric Car Making Ambitions the new plant is expected to create 4,000 jobs and thousands more in the wider supply chain. Tata are putting up £4 billion for the site with the government expected to provide hundreds of millions of pounds in subsidies. Lets discuss this with former Racing Driver and motoring journalist amanda stretton. We are increasingly in a difficult position, we experienced what it difficult position, we experienced what it was difficult position, we experienced what it was like having supply chain issues after covid with Chip Shortages that was experienced wor ....
you think they will be able to get their money back? i think that for the get their money back? i think that for the maiden get their money back? i think that for the maiden - get their money back? i think. that for the maiden majored that for the maiden majored that for the maiden majored that holder, the bond order should be, to be honest, we expect this bond order can still only recover approximately 2% or 3% of the liquidation scenario and currently the bond issued by grand, by a currently the bond issued by grand, bya grant, trading at2 cents of grand, bya grant, trading at 2 cents of the dollar. at this point we believe the most valuable assets owned by ever grand are still in offshore assets which include the share of the publicly serviced and other electric vehicle divisions. meanwhile we think it is virtually impossible to recover anything from onshore assets. ~ ., ., recover anything from onshore assets. ~ . ., , assets. what are the broader i ....
do you think they will be able to get their money back? i think that for the major debt holder, the bond order should be, to be honest, we expect this bond order can still only recover approximately 2% or 3% under liquidation scenario and currently the bond issued by evergrande is only trading at 2 cents of the dollar. at this point we believe the most valuable assets owned by evergrande are still in offshore assets which include the share of the publicly serviced and other electric vehicle divisions. meanwhile we think it is virtually impossible to recover anything from its onshore assets. what are the broader implications for the industry from evergrande s liquidation? actually, evergrande is the first developer, first large developer that has been ordered to liquidate. if you look at the previous example, we also saw that the government between hong kong and mainland china china has unusual recognition for insolvency proceedings. so in theory, liquidators from hong k ....