Author: ALJAZEERA

Hong Kong court orders developer to wind up after finding company has no viable restructuring plan.China’s troubled real-estate giant the Evergrande Group has been ordered to liquidate, a move that could deal a new blow to confidence in the world’s second-largest economy. A Hong Kong court made the ruling on Monday after the company failed to convince a judge it had a workable plan to restructure some $300bn in debts. “It would be a situation where the court says enough is enough,” judge Linda Chan said. “I consider that it is appropriate for the court to make a winding up…

The Iran-aligned rebel group has warned of more attacks against US and British warships.The United States military has carried out new strikes against 10 drones belonging to the Iran-aligned Houthi rebels in Yemen as well as a ground control centre. On Thursday, US forces targeted a “Houthi UAV ground control station and 10 Houthi one-way UAVs” that “presented an imminent threat to merchant vessels and the US Navy ships in the region”, the US military’s Central Command (CENTCOM) said in a statement referring to unmanned aerial vehicles. “This action will protect freedom of navigation and make international waters safer and…

Aizawl, India – Joseph Haokip, an undergraduate student in Manipur, is excited at the thought of going to Israel. He is ready to join the Israeli army to fight Hamas in a war in which Israel’s brutal assault on Gaza has killed more than 26,000 people, mostly women and children. The 20-year-old and his family have recently returned to their home in the Kangpokpi district of Manipur after five months in the neighbouring state of Mizoram where they had fled when an ethnic conflict broke out in Manipur last year. “I stayed in a makeshift camp with the other members…

NewsFeedIsraeli soldiers can be heard taunting Palestinian women and children as they passed by a checkpoint to monitor people being forcibly displaced in southern Gaza. The soldiers are also heard mocking leaders of Hamas over the loudspeaker.Published On 31 Jan 202431 Jan 2024 Source link

New Delhi, India – Demand for India’s Basmati, the long-grain aromatic rice, from traditional buyers in the Middle East, the US and Europe has dropped as it has become costly. The reason is the escalating tensions in the Red Sea, the shortest and most efficient trade route for ships moving from Asia to Europe. Attacks by Iranian-backed Houthis from Yemen on commercial vessels passing through the Red Sea have forced shippers to avoid one of the world’s most crucial trade routes. The alternative longer route around the Cape of Good Hope on the southern tip of Africa has added more…

Saudi Arabia dominated for much of the last 16 Asian Cup clash but it was South Korea who emerged victorious on penalties.Education City Stadium, Qatar – It was a case of so near yet so far for thousands of Saudi Arabia fans, whose team faltered in the penalty shootout in their round-of-16 match against South Korea and were knocked out of the AFC Asian Cup 2023. South Korea booked a quarterfinal date with Australia as their dogged display saw them win 4-2 on penalties after the match ended 1-1 following extra time at the Education City Stadium on Tuesday night.…

A door blowout aboard an Alaska Airlines Boeing 737-9 MAX was not how many expected the first week of 2024 to unfold. However, following the incident, inspections and investigations have uncovered further production flaws at Boeing, raising concerns about quality control for the major manufacturer, alongside safety. Since the Alaska Airlines incident, 171 Boeing 737-9 MAX planes were grounded for almost three weeks. The Federal Aviation Administration (FAA) launched an investigation into production practices at the planemaker, Alaska Airlines increased their oversight into Boeing, key suppliers were under fire, and Boeing, in firefighting mode, said it had “implemented immediate actions…

EXPLAINERIsraeli forces dressed as doctors and nurses kill three Palestinians inside a West Bank hospital amid war on Gaza.Here’s how things stand on Tuesday, January 30, 2024: Violence in the West Bank Israeli special forces dressed as doctors and nurses killed three Palestinians inside Ibn Sina Hospital in Jenin in the occupied West Bank on Tuesday. The Israeli army said the targeted Palestinians were members of armed groups. The Al-Farouq Mosque in Khan Younis refugee camp was bombed, with heavy gunfire ongoing. During ongoing raids in the Nur Shams and Tulkarem refugee camps, Israeli forces bulldozed roads, water, telecommunication and…

Israel’s raid on UNRWA shelter comes as governments, aid groups decry funding cuts to UN’s Palestinian refugee agency. Source link

NewsFeedIsraeli government ministers spoke at a far-right conference which called for Israel to rebuild settlements in Gaza, a policy that would be against international law.Published On 29 Jan 202429 Jan 2024 Source link