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
2023-08-06 15:52:12 Mohammed bin Salman The Saudi Crown Prince wants to make a name for himself on the stage of international diplomacy. (Photo: via REUTERS) Tel Aviv In order to end the war with Russia, Ukraine must also win over countries in the Global South. Kiev receives support from Saudi Arabia. Crown Prince Mohammed bin … 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
2023-06-09 11:57:00 Berlin The Federal Ministry of Economics of Robert Habeck (Greens) does not support the chip manufacturer Nexperia with its plant in Hamburg with state funds as originally planned. The ministry announced on Tuesday that the EU Commission had approved funding for 31 chip projects in Germany. In December 2021, the ministry had submitted … Read more
2023-05-05 07:30:00 Bidenomics The Biden program is putting pressure on other economic powerhouses. Joe Biden’s strategy is working: A few months after billion-dollar subsidy programs were approved, massive investments are flowing into the USA. The US President wants to push back China’s influence and secure his re-election. The allies in Europe, who are threatened with … Read more
India’s upcoming foreign trade policy will seek to handhold MSMEs to build their financial capabilities, set up special zones for ecommerce exports and develop new mechanisms to support services related to artificial intelligence and Internet of Things. The commerce and industry ministry is currently reviewing the existing Foreign Trade Policy. As part of this, it … 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
Nord-Stream-Pipeline Russia is the largest oil supplier in Europe. (Photo: AFP) Moscow After the start of the war against Ukraine, Russia openly threatened to stop gas deliveries through the Nord Stream 1 pipeline in the Baltic Sea for the first time. “We have every right to make a ‘mirror-fair’ decision and to issue an embargo … Read more