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Year: 2022

Evergrande’s international creditors threaten legal action over ‘opaque’ restructuring process

CNN, CNNBUSINESS By Laura He, CNN Business Evergrande’s international creditors are losing patience. A group of the company’s overseas bondholders are threatening to take legal action over its “opaque” debt restructuring process, the latest sign of trouble for the embattled Chinese developer. They said in a statement Thursday they’ve had to “seriously consider enforcement actions”

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Saudi led-coalition launches airstrikes on Yemeni capital after deadly Houthi drone strike in Abu Dhabi

CNN By Charbel Mallo, Celine Alkhaldi, Sarah Sirgany and Kareem Khadder, CNN The Saudi led-coalition fighting in Yemen launched airstrikes on the Yemeni capital on Monday, shortly after Iranian-backed Houthi rebels claimed responsibility for a deadly drone attack in the United Arab Emirates. “In response to the threat and military necessity, airstrikes began on Sana’a,”

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