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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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Angus Taylor elected Liberal leader after decisive ballot victory

Angus Taylor wins Liberal leadership over Sussan Ley, vows to implement a back to basics conservative strategy.

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Angus Taylor wins Liberal leadership over Sussan Ley, vows to implement a back to basics conservative strategy.

Angus Taylor has been elected leader of the federal Liberal Party, defeating Sussan Ley 34-17 in a partyroom vote in Canberra. He replaces Ms Ley, the first woman to hold the role, who was removed after just nine months. Jane Hume was chosen as deputy leader, becoming the first senator in the role since 1990.

The leadership contest saw four candidates, including Ted O’Brien, Dan Tehan, and Melissa Price. Following the eliminations, Taylor emerged victorious, backed by Senator Hume and other conservative figures. His supporters cited declining polls and the party’s recent struggles as reasons for the change, calling him the “smartest policy brain” in Liberal ranks.

#AngusTaylor #SussanLey #LiberalParty #AustralianPolitics #LeadershipSpill #JaneHume #CoalitionCrisis #PoliticalNews


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Epstein hearing explodes over redactions and hidden names

Lawmakers accuse AG Pam Bondi of hiding Epstein-linked names amid congressional hearing, questioning redactions related to billionaire Wexner.

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Lawmakers accuse AG Pam Bondi of hiding Epstein-linked names amid congressional hearing, questioning redactions related to billionaire Wexner.

US lawmakers have accused Attorney General Pam Bondi of withholding key names linked to Jeffrey Epstein during a fiery congressional hearing. The confrontation centred on redactions within investigative files that critics argue should have been fully disclosed under federal law.

Representative Thomas Massie pressed the Justice Department over blacked-out sections, specifically questioning references to billionaire Leslie Wexner. Bondi maintained that Wexner’s name was released promptly once flagged, defending the department’s handling of the documents.

Frustration boiled over as lawmakers challenged the extent of the redactions, leading to an extraordinary moment in the hearing as Bondi pushed back and praised President Donald Trump while standing by the department’s review process.


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#EpsteinFiles #PamBondi #USPolitics #Congress #JeffreyEpstein #BreakingNews #PoliticalDrama #TickerNews


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Angus Taylor moves to challenge Sussan Ley for party leadership

Angus Taylor resigns from Coalition frontbench to challenge Sussan Ley amid Liberal Party divisions and declining poll support.

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Angus Taylor resigns from Coalition frontbench to challenge Sussan Ley amid Liberal Party divisions and declining poll support.

Angus Taylor has resigned from the Coalition frontbench to launch a leadership challenge against Sussan Ley, declaring he lacks confidence in her ability to rebuild support for the Liberal Party. His move sets up a high-stakes internal contest that could reshape the party’s direction.

Supporters of Mr Taylor are expected to push for a meeting by Friday to trigger a potential leadership spill, intensifying pressure on Ms Ley. Moderate MPs are calling on her to demand clear proof of numbers before any ballot takes place.

With the Liberals trailing in the polls and facing mounting questions over strategy, both camps are outlining starkly different visions for the party’s future as tensions rise in Canberra.

#AustralianPolitics #LiberalParty #AngusTaylor #SussanLey #LeadershipSpill #Canberra #AusPol #PoliticalNews

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