Serie A champions Inter Milan join rival A.C. Milan on the list of clubs seized by US-based investment funds, after Chinese owner defaulted on a loan of about 395 million euros.
While court order reportedly has recognition in some parts of China, the question is how far would Chinese courts recognise attempts to seize assets of indebted property developer.
For investors wary of China, looking at India makes sense. At more than $300 billion, Evergrande's liabilities alone are more than twice the size of India’s entire corporate bond market.
For China, the risk of contagion far outweighs any potential damage from an Evergrande collapse on its own. Around 1.6 million homebuyers have put deposits on Evergrande apartments.
A modified script may now need to be written on China, which has emerged as world’s second-largest economy, and a challenger to the United States in economic and strategic clout.
Evergrande said it is unable to sell its assets fast enough in order to repay a mounting debt of $305bn. This was followed by company's shares plummeting, down by nearly 12% Tuesday.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
ACM Katre was 2nd IAF chief to die in harness. It was at a memorial lecture in his honour where IAF chief AP Singh revealed that India shot down 6 Pakistani aircraft in Op Sindoor.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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