A court in Hong Kong has ordered the liquidation of China Evergrande. The bankrupt property developer has failed to come up with a workable plan to restructure its debts of over $300 billion. Evergrande's executive director insists Chinese homebuyers will be protected from the liquidation, which only affects the firm's international business. But can contagion to China's domestic market truly be avoided? We're joined by Gary Ng from investment bank Natixis to discuss that question and many more.
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#Evergrande #China #RealEstate
,DW News,A8b5Vg_S0pw,UCknLrEdhRCp1aegoMqRaCZg, Politics,Society, channel_UCknLrEdhRCp1aegoMqRaCZg, video_A8b5Vg_S0pw,Workers at Volkswagen have launched rolling strikes in an escalating dispute at one of Germany's biggest employers. Their union IG Metall called the action in protest against planned wage cuts and possible factory closures. The car-maker says it's being hit by spiralling manufacturing costs and stiff competition from China - despite paying out billions of euros in dividends.
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#volkswagen #automotive #germany
,DW News,qHugL6hX6I4,UCknLrEdhRCp1aegoMqRaCZg, Politics,Society, channel_UCknLrEdhRCp1aegoMqRaCZg, video_qHugL6hX6I4,Thousands of demonstrators have returned to the streets of the Georgian capital, Tbilisi for a second night of protests.
Police fired water cannon and tear gas in an attempt to disperse demonstrators who had gathered outside parliament. Protesters hurled firecrackers and erected barricades in a tense stand-off. The demonstrators oppose the government's suspension of talks on joining the European Union until 2028. The pro-Russian prime minister says Georgia will still seek membership, but on its own terms.
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#georgia #protest #tblisi
,DW News,v7_4OKFKEOs,UCknLrEdhRCp1aegoMqRaCZg, Politics,Society, channel_UCknLrEdhRCp1aegoMqRaCZg, video_v7_4OKFKEOs,The International Criminal Court (ICC) has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu, former Israeli Defense Minister Yoav Gallant and Hamas official Mohammed Diab Ibrahim Al-Masri amid the conflict in Gaza. In its statement, the court said it had "reasonable grounds" to believe that Netanyahu and Gallant oversaw attacks on the civilian population in Gaza, and that they were also alleged to have used starvation as an instrument of war. It said that Israel's acceptance of the court's jurisdiction was not required. Israel is not a member of the court, seated in The Hague in the Netherlands.
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#Israel #Gaza
,DW News,EfvNgwLs56g,, Health,Society, channel_UCknLrEdhRCp1aegoMqRaCZg, video_EfvNgwLs56g,The World Health Organization has declared a global public health emergency, following an outbreak of a new strain of the mpox virus in the continent of Africa. The virus - formerly known as monkeypox - can be passed on through close contact and causes flu-like symptoms and lesions on the body and can be deadly. It's now been detected in at least 13 African countries, but one country has been hit particularly hard - the Democratic republic of Congo.
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#mpox #WHO #monkeypox
,1,Eyewitness footage shows a Chinese space rocket blasting off into the air before falling and crashing near the city of Gongyi in central China.
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,1,A court in Hong Kong has ordered the liquidation of China Evergrande. The bankrupt property developer has failed to come up with a workable plan to restructure its debts of over $300 billion. Evergrande's executive director insists Chinese homebuyers will be protected from the liquidation, which only affects the firm's international business. But can contagion to China's domestic market truly be avoided? We're joined by Gary Ng from investment bank Natixis to discuss that question and many more.
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#Evergrande #China #RealEstate
