Over the wall 📶

In the details: WeWork filed for bankruptcy with a list of about $19 billion of debts while inking a restructuring deal with creditors.

US space numbers: SpaceX is on track to about $9 billion in revenue (2023) and will reach $15 billion (2024).

Special treatment: South Africa will seek to retain its preferential trade access to the US before expiration in 2025.

Adding oil: Record number of supertankers is heading toward the US to load oil as shipowners look to profit on an increase in the nation’s crude exports.

Domestic currency: China is increasingly using the yuan for invoicing trades. The yuan accounted for more than 24% of goods in the first 9 months of 2023.

The attractiveness: The value of China’s holdings of US Treasuries has went down to the lowest level since 2009.

Owing the dues: Italy is seizing approximately €779 million from Airbnb after it allegedly failed to pay Italy the 21% withholding taxes owed on approximately €3.7 billion of rental revenue.

Shiny object: Shein targets near $90 billion valuation in US IPO.

Electrify partnership: Saudi Arabia’s wealth fund is in discussions to invest at least $250 million in Chinese electric-vehicle maker Human Horizons.

Extending a hand: The US government will provide $553 million in financing for a port terminal in Sri Lanka’s capital, which is being built by Indian billionaire Gautam Adani.

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