of, comm. now on bbc news, talking business. hello, everybody. a very warm welcome to talking business weekly with me, aaron heslehurst. let s go and take a look at what s on the show. it s holiday heartbreak. as wildfires rage across europe and america, what impact is climate change having on the tourism industry? it s really difficult to manage the heat sometimes. travel and tourism it s worth nearly 10% of our global economy, keeping millions in work. but does our changing planet mean it s time for a major rethink? i m going to be discussing all of that with these two there they are the big boss of one of europe s leading travel groups, who tells us what impact climate change is having on his industry, and the head of the world s most influential airline body tells us how his members are tackling the challenges as they continue to recover from billions in covid losses. also on the show, the man in charge of travel at one of the world s biggest insurers. he tells us c
of europe s leading travel groups, who tells us what impact climate change is having on his industry, and the head of the world s most influential airline body tells us how his members are tackling the challenges as they continue to recover from billions in covid losses. also on the show, the man in charge of travel at one of the world s biggest insurers. he tells us climate change is causing more of us to think about where we go and why it s a top priority for his industry. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. you know, wildfires and extreme heat, they are posing major challenges across the globe, from spain and portugal to croatia and greece and from seattle to florida. they are a sign of how our climate is changing. and the economic consequences are potentially huge, not least for the travel and tourism industry, which of course plays a vital role in our global economy. many destinations are facing major d
what impact climate change is having on his industry, and the head of the world s most influential airline body tells us how his members are tackling the challenges as they continue to recover from billions in covid losses. also on the show, the man in charge of travel at one of the world s biggest insurers. he tells us climate change is causing more of us to think about where we go and why it s a top priority for his industry. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. you know, wildfires and extreme heat, they are posing major challenges across the globe, from spain and portugal to croatia and greece and from seattle to florida. they are a sign of how our climate is changing. and the economic consequences are potentially huge, not least for the travel and tourism industry, which of course plays a vital role in our global economy. many destinations are facing major disruption just as the northern hemisphere s peak
fighting in eastern ukraine. as our correspondent, andrew harding reports from the front line, ukraine s army is struggling with a shortage of ammunition and other military supplies and is urging the us to help out. ukrainian tanks heading into battle. we are close to the russian lines here and to a town the kremlin has been desperate to capture for months. gunfire. inside of avdiivka, it s not going well for ukraine. these troops are increasingly pinned down and struggling. gunfire. in the ditch here, a wounded soldier needing urgent help. so what s going wrong for ukraine after two years of war? a simple answer can be found a few kilometers away. a ukrainian artillery team. last year, these men were firing 80 shells a day at russian positions around avdiivka. not any more. so these are the last two shells that you have? yes , says the officer in charge. and these two don t even work. it is an alarming situation. russia is now outgunning ukraine by perhaps five to one.
like shareholdings and some other subsidiary companies, those assets are very readily accessible. the issue is that most of the company s assets are onshore in mainland china, they are land, properties the company had 1,200 projects at different stages of development as of 2022. but those assets are going to be tricky to access. in theory, hong kong and mainland have a 2021 arrangement for resolving insolvent companies like evergrande, but in practice what needs to happen is mainland courts will need to recognise this liquidation, but they also need co operation from local governments. i think it will be very tricky. this is just one stage in what is likely to be still quite prolonged process if the off shore creditors wish to get hold of ultimately money which comes from mainland property assets. let s talk to hong bo, professor of financial economics in the school of finance and management at london s soas university. the chinese government is unlikely to allow evergrande