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World Business Report: First broadcast 18/08/2023 21:32 GMT : China property giant Evergrande files for US bankruptcy protection

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China property giant Evergrande files for US bankruptcy protection

First broadcast 18/08/2023 21:32 GMT 

First broadcast 18/08/2023 21:32 GMT : China property giant Evergrande files for US bankruptcy protection

BBC World Service - World Business Report, China property giant Evergrande files for US bankruptcy protection

Filing for bankruptcy protection will allow the heavily-indebted Evergrande to protect its assets in the US as it works on a multi-billion dollar deal with creditors. The company defaulted on its huge debts in 2021, which sent shockwaves through global financial markets. The move comes as problems in China's property market add to concerns about the world's second largest economy.

England will take on Spain in the Women’s World Cup final over the weekend. Co-hosting the tournament was expected to generate about a third of a billion dollars for the Australian economy.

Google AdSense - a technology used by Google to serve advertisements based on website content - does not support indigenous African languages. So what is Google doing to help African language websites monetise their content?

(Evergrande Group logo. Photo credit: Getty Images)

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First broadcast 18/08/2023 21:32 GMT : China property giant Evergrande files for US bankruptcy protection

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