The ratings agency S&P has warned that Beijing is unlikely to intervene to rescue struggling Chinese property developer Evergrande, unless there was a risk of "far-reaching contagion" affecting other companies in the sector. The firm is facing two major interest payments this week and fears about its finances have rippled across global stock markets. Also today, we report on how French businesses are facing rising energy costs, as wholesale prices for gas have soared across Europe.
>> Evergrande's collapse would have ‘profound consequences’ for China’s economy
