2023-08-17 22:05:40 New York Heavily indebted Chinese real estate developer China Evergrande has filed for Chapter 15 bankruptcy protection in the United States. That emerges from documents of the bankruptcy court in Manhattan from Thursday. Under Chapter 15 of the US bankruptcy law, foreign companies can be protected from lawsuits by American creditors while they … Read more
2023-07-21 09:50:00 China vs. USA Both the US and China have great economic power – and are fighting for supremacy. (Photo: Stephan Schmitz for Handelsblatt) According to many experts, China is economically more unstable than it appears. At the same time, the USA is achieving astounding success with its reindustrialization strategy. In contrast to China, … Read more
Panasonic-Akkus The new battery generation of the type 4680 (left) is intended to replace the current 2170 batteries. (Photo: Reuters) Tokio Panasonic wants to build another battery factory together with the US electric car manufacturer Tesla. In the US state of Kansas, the Japanese are investing four billion dollars for another battery production, the group … Read more
Deutsche Bank Relatively low exposure to Russia. (Photo: dpa) Frankfurt After severe criticism, Deutsche Bank is now shutting down its business in Russia because of the Ukraine war. Deutsche Bank has substantially reduced its commitment and presence in Russia since 2014, the money house said on Friday night with. “Like some of our international competitors, … Read more
Moscow The McDonald’s at the Baumanskaya metro station in central Moscow is jam-packed. There are several universities nearby, including the Bauman MSTU, one of the largest technical universities in Russia. Many students sit in the fast food restaurant during their lunch break – perhaps for the last time. Darja at the checkout has her hands … Read more
Visa and Mastercard credit cards Because of the Russian invasion of Ukraine, the two credit card providers are suspending their business in Russia. (Photo: dpa) Washington Because of the Russian invasion of Ukraine, the world’s two largest credit card providers, Visa and Mastercard, are suspending their business in Russia. Visa will work with customers and … Read more