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China’s Evergrande takes another billion hit

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One of the business units of China Evergrande, will need to pay 7.3 billion yuan

The Evergrande Group (Nanchang) Co has been asked to pay a guarantor of its liabilities.

The guarantor remains unnamed but provided a guarantee for the borrowings of certain entities controlled by the Chinese property giant.

the company had recently made plans to restructure its foreign debts, which is raising concerns among some commentators.

The embattled property developer is already failing to meet its debt obligations.

“As the borrowers failed to repay the loans, the applicant carried out its obligations under the guarantee and claimed against the subsidiary under the pledge.”

CHINA EVERGRANDE GROUP

It is understood the Nanchang unit provided counter-guarantees, which it held in Shengjing Bank.

Evergrande is selling its Hong Kong headquarters through a tender process, according to Reuters.

The China Evergrande Group is the second largest property developer China.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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TikTok’s fate in the United States

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TikTok’s fate in the United States has never been more in doubt.

Congress approved a bill, which President Joe Biden signed into law that gives its Chinese parent company two options: sell it to an approved buyer or see it banned.

But now, the owners of the popular social media app says they’re preparing to challenge the statute in court.

Andy Keiser a Senior Fellow at the National Security Institute, and a Former Senior Advisor for the House Intelligence Committee joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #business #socialmedia #TikTok #TikTokban #nationalsecurity

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The ongoing alcohol related research many ignore

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New research shows the impact of alcohol on our gut microbiome.

Alcohol affects gut microbes, potentially leading to gut imbalance and heightened cravings.

Research suggests moderate drinkers have healthier gut microbiomes. While red wine consumption may enhance gut diversity, similar benefits can be found in plant-based and fermented foods. Dysbiosis may worsen addiction, highlighting the need for holistic approaches to treatment.

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How AI is leveraging Amazon’s fast production

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Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.

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