Evergrande, the world's most indebted real estate developer, with over $300 billion in liabilities, faced a landmark ruling in Hong Kong, where a judge ordered its liquidation due to its failure to restructure its debt. This ruling could potentially create a conflict between Hong Kong's courts and the Chinese government, which has been working to restore public confidence in the industry.
One of the country’s biggest property companies, Evergrande, has been crippled by its debt. What does a new court order mean for prospective homebuyers, and the firm’s creditors? Is there a way for Joe Biden to be replaced by the Democrats’ presidential candidate (09:45)? And the story of the life of a Mossad chief (15:57).
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