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
You know, an iphone sold in the us or europe might be designed in california and built in india using Semiconductors Made in taiwan from Raw Materials provided by china. So if any link in that supply chain breaks, it sets up big problems for the rest of the chain. And thats true for smartphones, as it is for pcs, and especially in Battery Production for those Electric Vehicles were buying more and more of. So what if one country decides to make it harderfor others to get hold of some of those critical Raw Materials . Well, thats what china announced just last month. Translation the Chinese Government implements i Export Controls on gallium and germanium related items in accordance with the law to ensure that they are used for legitimate purposes in order to safeguard National Security and better fulfil our international obligations. For quite some time now, the us side has been abusing Export Control measures to continuously strengthen its crackdown on chinas semiconductors and artific
lara is creating something from nothing. it looks like powder but it sort of disappears. alistair is seeing how people can disappear into thin air. i want to make it look like i am the only one here. and paul is watching day fading in to night. the light is changing and we moved to sunset. first up it is movie quiz time. what dojames bond, star wars and the latest indiana jones film all have in common? correct, they were all filmed in part at pinewood studios, a brilliant place, totally iconic, with loads of stages and sets which have doubled for some of the most famous worlds in the world. and now the studios in buckinghamshire have moved into the virtual world. in collaboration with sony they have created a whole new filmmaking space and paul carter has been to find out more. at the world famous pinewood, sony have created a space to show off the potential of a new kind of studio known as virtual production. it utilises a high resolution crystal led screen to display the se
us, you are in time for the top business stories. we start in the us where, as you ve been hearing in the last few hours, meta, the owner of facebook, instagram and whatsapp, has launched its widely anticipated new conversation app, threads. it allows users to create posts of up to 500 characters and is being seen as a clear rival to twitter. threads is available to download in more than 100 countries around the world, including here in the uk, but not as yet in the european union because of concerns over privacy regulations. meta boss mark zuckerberg says 5 million users have already signed up to threads in the first four hours. and many tech industry watchers say it poses a very real threat to twitter. i think threads will pose a huge threat to twitter because it is coming from the matter and instagram family of apps. instagram has 2 million users compared to around 250 million of twitter so about ten times bigger already. of twitter so about ten times biggeralready. if of
la ra lara is creating something from nothing. looks like powder but it disappears. we are seeing how people can disappear into thin air. i want to meke disappear into thin air. i want to make it disappear into thin air. i want to make it look like people disappear. the lights make it look like people disappear. the lights are all changing and you are instantly moving into sunset. first up, it s movie quiz time. now, what dojames bond, star wars and the latest indiana jones film all have in common? correct they were all filmed in part at pinewood studios, which is a brilliant place, totally iconic, with loads of stages and sets which have doubled for some of the most famous worlds in the world. and now, the studios in buckinghamshire have moved into the virtual world. in collaboration with sony, they ve created a whole new filmmaking space, and paul carter has been to find out more. paul: at the world famous pinewood, sony have created a space to show off the potential