Your Global News Source
[#translated_full_content] [#item_full_content]
In a landmark decision on January 29, 2024, the Hong Kong court ordered the liquidation of China Evergrande Group, the world’s most indebted property developer. This ruling, marking a pivotal moment in the financial sector, is expected to impact China’s already strained financial markets significantly. Evergrande, with liabilities exceeding $300 billion, defaulted on its offshore […]
Auren Energia, controlled by Votorantim and Canadian CCP Investments, acquired AES Brasil after two months of negotiations. This acquisition makes Auren the third largest power generator in Brazil, with a capacity of 8.8 gigawatts (GW). It also solidifies Auren as the leading energy trader. The combined company will have net revenue of R$ 9.6 billion […]
The submarine S-81 Isaac Peral has achieved a significant milestone by successfully conducting its first periscopic level navigation during dynamic dives. Led by Navantia, the program has released impressive images of the submarine emerging from the waters of the Bay of Cartagena after its inaugural submerged navigation. Safety measures were in place during the operation, […]