PRESS DIGEST-New York Times business news – Aug 18

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Aug 18 (Reuters) – The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

– China Evergrande, a behemoth property developer, filed for bankruptcy protection more than two years after it defaulted on its debt.

– The German supermarket chain Aldi is acquiring hundreds of Winn-Dixie and Harveys Supermarket stores in the southeastern United States, the company announced.

– The shell company Digital World seeking to merge with former U.S. President Donald Trump’s social media company announced late Wednesday that it had postponed a crucial meeting of shareholders scheduled for Thursday.

– Federal officials arrested two men on Thursday on charges of defrauding donors of tens of millions of dollars given to political non-profit groups.

(Compiled by Bengaluru newsroom)

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