Despite all assertions to the contrary, the Portuguese government insists debt-ridden airline TAP is absolutely strategic and must be saved at all costs. These are likely to run to around 3 billion, the spending of which has been held up by Brussels doubts in all directions. The European Commission isnt simply concerned over the Ryanair…
Senate Minority Leader Mitch McConnell attends a press conference at the U.S. Capitol on August 04, 2021 in Washington, D.C. | Kevin Dietsch/Getty Images Senate Minority Leader Mitch McConnell promised Thursday that Republicans will not support a debt ceiling hike, just as Democrats have signaled they plan to take a path that would require Republican…
Clean Water WASHINGTON, DC Today, Rep. Rashida Tlaib (D-MI) introduced the Maintaining Access to Essential Services Act, which would provide nearly $40 billion to help wipe away household water, power and broadband debt across the country. With the Delta variant prompting a new COVID surge, this relief is more urgent than ever to stop mounting…
Rajya Sabha has passed the Insolvency and Bankruptcy Code (IBC) Amendment Bill, 2021. Here are four key highlights of the amendment. The Rajya Sabha passed the amendment to the Insolvency and Bankruptcy Code (IBC), 2016 targeted towards simplification of insolvency procedure for micro, small and medium enterprises (MSMEs). This follows the repeal of the same…
Member Article Government support for businesses during the pandemic has failed to prevent a significant rise in corporate insolvencies across England and Wales through the second quarter of the year – but it has still provided an essential lifeline for many struggling firms and stopped the situation being much worse. Thats the view of Alexandra…
Robyn Edie/Stuff The Warehouse shuttered Diners Club in 2018, and has now put it into liquidation. The once-proud Diners Club (NZ) has been put into liquidation. Its ultimate owner was The Warehouse, which bought it for $3 million in 2014 in a bid to launch a financial services operation. But in 2018, the NZX-listed retailer…
According to a March 2021 Forbes Advisor article, women spend more time researching their investment choice and are more likely to take on appropriate levels of risk with their investments than men, resulting in better investment outcomes. Their research also found that women are less likely to chase hot tips and, as such are more…
A woman has appeared in court accused of fraudulently disposing of property by giving 75,000 to a relative while declared bankrupt. Barbara Bentley appeared at Ipswich Crown Court on Wednesday to deny the charge. The 59-year-old spoke only to confirm her name andher date of birth, and to enter a not guilty plea. Bentley, of…
Terence Loh, who allegedly tried to complete a takeover of Newcastle last year, has been declared bankrupt according to a report. 2020 was a wild time for the never-ending Newcastle takeover saga, with not just Amanda Staveley seemingly trying to complete a deal. In April last year, PCP Capital Partners agreed a deal to buy…