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
to shut down the blast furnaces at port talbot. frustration, disappointment is probably the biggest word. disbelief. it sjust been. handled absolutely appallingly in my opinion. also coming up: are pre election handouts ahead? taxes in his march budget. when i look around the world to america and asia, when i look around the world to america iwith sia, when i look around the world to america iwith lower when i look around the world to america i with lower taxes countries with lower taxes have more dynamic, faster growing economies. that s and a sweet business that ran out ofjuice. we look at the rise and fall of the original indian steel giant tata is expected to confirm up to 3,000 jobs will be cut from its british operations. the bbc understands tata is to go ahead with plans to shut down both blast furnaces at its port talbot site in south wales which is the uk s biggest steel plant. the company is intending to replace the furnaces with an electric version which is more
Centre in the population, and it might be stopped very soon. There is no sign of fuel. I have talked to some localjournalists and they said we havent noticed any movement. Fuel is what people need, it is what hamas is having to give 50 dual nationals and civilian hostages if they allow the fuel. We understand from sources there is serious talks about releasing the hostages, and in Exchange Israel reduces its Military Pressure on the south area, and also without the fuel this hospital will be shut. The largest un agency provides six and a thousand people for shelter, food and motor 600,000. We are in a catastrophe. If fuel is not coming. Until now, there is no sign of any fuel coming from the egyptian sign. I billion people are displaced, half the population. There are still over 500,000 people remaining in gaza city and the north. They are struggling, same way we are, the people here are struggling. We understand one willing people are displaced. Imagine, half the population, they are
Leaking pipes, leaking cash. And now parasites leaking into the water supply. Can anyone fix the Water Industry . The Water Companies were passed into the private sector debt free, but with the public now revolting against a tide of effluent in our rivers and seas will they now have to pick up the bill . Also tonight, the godfather of Artificial Intelligence Geoffrey Hinton has a warning for humanity. My guess is in between five and 20 years from now. Theres a probability of about a half that well have to confront the problem of them trying to take over. And does that potentially lead to extinction level threats . Potentially, yes. And the new members of Generation Rent the Growing Number of pensioners stuck in the private rental sector. I expected that there would be consideration for when i was older. It seems that nobody cares. Theyjust dont care anymore. Water should be a simple business. Everyone needs to buy it. The companies that provide it all have regional monopolies. The key