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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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Survival of the fittest: the future of hospitality demands adaptability

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Exploring the highs and lows of business with a hospitality veteran.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Nick Russian, Managing Director of Russian Entertainment. #wyld money #trending

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Ultra-processed diets could be the hidden path to weight gain

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Understanding calories and their role in dieting on the human body.

Calories, units of energy from food, are vital for bodily functions, and calorie counting helps manage weight by tracking energy intake. However, recent insights reveal that not all calories are equal, and nutritional quality is crucial.

Processed foods, rich in added sugars, unhealthy fats, and sodium, lack essential nutrients, contributing to obesity and diseases.

Kate Save from BeFitFood joins to discuss.

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Online shopping and the pivotal issue of returns continues

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Big businesses are continuing to balance customer expectations and logistics.

While many love the convenience, there are still significant challenges with delivery and returns. From delayed packages to cumbersome return processes, its clear that there’s room for improvement.

Ticker’s Ahron Young & Mike Loder discuss.

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