Volvo Cars is the first car manufacturer to export its China-made vehicles to Europe via China’s “One Belt, One Road” trade initiative. The new Volvo S90 sedans, built in Volvo’s Daqing facility in China, will be arriving at a holding centre in Zeebrugge, Belgium later this week. Source Carlist
The troubled Chinese property group Evergrande has edged closer to a government-engineered restructuring which could see bondholders take huge losses as Beijing’s price for saving millions of homeowners from financial ruin. Source The Guardian
US Treasury Secretary Janet Yellen has warned the US government will run out of money next month. She called on Congress to raise the debt limit in a letter to House Speaker Nancy Pelosi. Source DW
he last section of the Nord Stream 2 gas pipeline has been welded into place, its operator said on Monday, meaning the two long stretches of the pipe can now be joined to complete the Baltic subsea link. Source Reuters
