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.
By the 2024 US Open, ESPN noted that Djokovic had advanced via opponent retirements or walkovers 16 times at Majors, the most of any male player in the Open Era.
Shield AI will provide V-BAT vertical takeoff & landing drones along with licences for software, which will be integrated into aircraft and made available to select Indian partners.
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.
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