Insolvent flying taxi startup Lilium has found a buyer – Sifted
Insolvent flying taxi startup Lilium has found a buyer Sifted Read the original article here
KTM To Sell Majority Stake In MV Agusta, MotoGP Withdrawal Planned – ADV Pulse
KTM To Sell Majority Stake In MV Agusta, MotoGP Withdrawal Planned ADV Pulse Read the original article here
Lilium secures deal to restart operations after near insolvency
Lilium, the Munich-based electric aircraft startup, was on the brink of closure earlier this week, with plans to lay off its more than 1,000 employees after failing to secure additional funding. However, on December 24, a surprise announcement revealed that Lilium had signed an asset purchase agreement with Mobile Uplift Corporation, a consortium of investors…
Prince Harry And Meghan Markle Could Go Bankrupt In 2025? ‘No Substantial Income…’
Last Updated:December 25, 2024, 12:24 IST Royal Family News: Prince Harry and Meghan Markle signed a £80 million contract with the streaming giant in 2020 after they stepped down as senior working royals. Royal Family news: Prince Harry and Meghan Markle are seen. Prince Harry and Meghan Markle have been warned about a key “financial…
The Choices I’ve Made – Democracy Docket
In Ernest Hemingway’s first novel, The Sun Also Rises, one of the characters is asked how he went bankrupt. “Two ways. Gradually, then suddenly.” Nearly 100 years later these lines still ring true. Bankruptcy — whether financial, moral or political — tends to happen gradually until it happens suddenly. The moral bankruptcy of the Republican…
Amsterdam’s Wizenoze shuts shops: Know more
Based out of Amsterdam, Wizenoze, a developer of an online education platform, has been declared bankrupt by the court in Amsterdam on 23-12-2024. Lack of funding, generative AI, and more According to co-founder Diane Janknegt, Wizenoze was doing well and needed funding for product development. They secured an agreement with an investor, but when they…
The manufacturer of stars Mercedes-Benz went bankrupt after 228 years of existence
The supplier of Mercedes-Benz branded “stars” has declared bankruptcy. The German company Gerhardi Kunststofftechnik GmbH failed to cope with the challenges faced by the modern European automotive industry due to the fall in demand for electric vehicles. The company, founded in 1796, survived two world wars but went bankrupt in 2024. This was reported by…
Singaporean man ordered to repay tens of millions in debt to Australian casino
CNN — A Singaporean man has been ordered to repay more than 38 million Australian dollars ($25.7 million) after he lost big during a gambling spree at an Australian casino over the span of a few days. Queensland’s Supreme Court ruled Monday that Yew Choy Wong owed that amount to the Star Gold Coast, as…
Jay Leno Exposes Mafia Hit Against Late Night Host Johnny Carson Weeks After It’s Speculated Leno’s ‘New Face’ was Busted Up Due to an Unpaid Gambling Debt
Comedian Jay Leno dropped a bombshell about late-night talk show legend Johnny Carson during Leno’s appearance on Bill Maher’s “Club Random” YouTube show. In the episode, Leno recounted how Carson narrowly escaped a mob hit after an incident at a notorious New York bar spiraled out of control. The revelation came after Maher joked about…
500 jobs at risk as company collapses – The Australian
500 jobs at risk as company collapses The Australian Read the original article here