we? , . , , we? yes, we have been in this situation we? yes, we have been in this situation and we? yes, we have been in this situation and times we? yes, we have been in this situation and times before - we? yes, we have been in this situation and times before to l situation and times before to be specific. this is the latest adjournment to be honest with you and when it comes to this whole anagram saga and we are in today isn t so different to the position we were in yesterday evergrande. the details we have out of the court, we haven t had many. what we do know is that the creditors, these foreign creditors, these foreign creditors who brought the case against evergrande, they weren t opposed to the adjournment, so that suggest that the parties are going to try and go back to the drawing board and come up with some kind of repayment plan that is credible for everybody. evergrande says that will be refined in the next five weeks but have to say about that. it is wi
has over $3 billion of liability. for more on how this could play out i have been speaking to an insolvency expert from deloitte and asked him what happens when a judge does order a liquidation. inaudible orders a company to be wound up by way of court and the company would be formally placed into liquidation but the recommendations are two petition which will go backwards. provisionally the data will be appointed by court. in the sense that it is just a prohibition and that will be a formal appointment of liquidators later inaudible what would a liquidators cease to do and correct. to do and correct. directors will seize to do and correct. directors will seize control to do and correct. directors will seize control and - to do and correct. directors will seize control and with l will seize control and with that no power inaudible and while the provisionally data will resume the powers of the directors said they can do basically all of the powers as given by court to them
it is the world s most indebted company. for more on how this could play out, i have been speaking to an insolvency expert from deloitte and asked him what happens when a judge does order a liquidation. inaudible when a judge orders a company to be wound up by way of court and the company would be formally placed into liquidation but the recommendations are two petition which will go backwards. provisionally the data will be appointed by court. in the sense that it is just a provisional and that will be a formal appointment of liquidators later what would a liquidator do and with the directors cease to have control of the company in the circumstances? directors will cease to have control and with that no power inaudible and while the provisional will assume the powers of the directors so they can do basically all of the powers as given by court to them in the court order. we ll be hearing more on that story in just a little over an hour so stay tuned. news from the ongoing
marsh. through what really happened, we were expecting something a little more definitive, especially based on what the judge had said definitive, especially based on what thejudge had said in october. what the “udge had said in october. ~ . what the udge had said in october. ~ . ., ,, october. what happened? it feels like october. what happened? it feels like we ve october. what happened? it feels like we ve been - october. what happened? it feels like we ve been in - october. what happened? it feels like we ve been in this| feels like we ve been in this position before. with regards to the whole evergrande saga, we re pretty much in the same position today as we were yesterday. this is a seventh adjournment, don t forget. we do not know that many details coming out of the court so far. what we know as the creditors who brought the case were not opposed to an adjournment. that suggest these parties will go back to the drawing board and come up with some kind of restru
but that was not the only new release from amazon as michelle fleury reports from new york. amazon announced 0, a new chatbot for people to use at work, there seems to be a dispute over where the name comes from. some say it is after the james bond movies and some say it is from star trek. either way this is a big deal. amazon may have not built chat gpt but it now has its own generative ai helper which is designed to assist employees with daily tasks, whether it is answering questions about company policy, to coding to summarising strategy documents. crucially, it will compete with other corporate chat bots including copilot by microsoft and duet ai by google. the tech giant also unveiled new ai chips at its annual developer conference in las vegas where taking the stage was the boss of nvidia, a sign of the deepening relationship between these two. amazon said that as well as its own ai chips, it would offer customers access to the latest chips from nvidia. why? amazon is t