China Evergrande’s Chapter 15 Bankruptcy Filing in the US: Analysis, Impact, and Solutions

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

Prince Mohammed bin Salman: A Rising Peacemaker on the Global Stage

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

China vs. USA: The Battle for Economic Supremacy and Geopolitical Influence

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

Russia is openly threatening to stop Nord Stream 1 deliveries

Russia is openly threatening to stop Nord Stream 1 deliveries

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

World’s largest credit card issuers suspend business in Russia

World’s largest credit card issuers suspend business in Russia

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

Mercedes-Benz stops sales and production in Russia

Mercedes-Benz stops sales and production in Russia

Vladimir Putin, among others with Dieter Zetsche and Peter Altmaier Production in Russia was only ramped up in 2019 with a lot of effort. (Photo: Reuters) Munich After BMW and Audi, Mercedes-Benz is also suspending its activities in Russia. As the Stuttgart carmaker announced on Wednesday evening, the company will ‚Äústop exporting cars and vans … Read more