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(Reuters) – Italian energy group Eni reported a 46% slide in fourth-quarter adjusted net profit on Thursday, hit by lower energy prices and weakness at its refining, biofuel and chemicals divisions. Adjusted net profit for October and December totalled 892 million euros ($934 million), below an analyst consensus of 960 million euros compiled by the company…
Italy’s Eni to create carbon capture unit, offer power to data centres Reuters.com Read the original article here
Amidst robust growth of electric two-wheelers, India’s first electric scooter maker Hero Electric is up for insolvency resolution under IBC (Insolvency and Bankruptcy Code), with the resolution professional (RP) inviting prospective bidders for the now bankrupt company. The Expression of Interest (EOI) from prospective bidders for the company was floated on February 18 and is…
A Dublin man who was caught with two separate large hauls of cocaine and cannabis at his home within one year has been jailed for 10 years. Robert Cummins, 45, of Cushlawn Park, Tallaght, pleaded guilty at Dublin Circuit Criminal Court to possession of cannabis herb valued at €196,540 and cocaine valued at €68,327 for…
Image: Dustin Franz/Bloomberg (Getty Images) Lordstown Motors was founded in 2018 by Steve Burns, the former CEO of a small commercial vehicle maker named Workhorse Group (WKHS), who saw an opportunity when General Motors needed to sell its Lordstown, Ohio, manufacturing plant. The automaker began negotiating with Burns under pressure from President Trump, who promoted…
As the build-up intensifies for the upcoming boxing match between Chris Eubank Jr. and Conor Benn, the war of words took a surprising turn at Tuesday’s press conference. Benn made explosive claims about Eubank Jr., alleging that the British boxer owes Brazilian football star Neymar £4 million in poker debts. Benn didn’t hold back, questioning…
UNDP Debt Update: Development gives way to debt UNDP Read the original article here
Key takeaways A sinking fund is money saved for an expected expense, so you have funds reserved for that purpose. Sinking funds can help you create healthy financial habits. You can build a sinking fund while paying off debt. Track your expenses and build a budget before implementing sinking funds into your financial plan. ……
Piles of debt and no future certainty have been the fatal blows for a stable of well-known Australian clothing brands as the parent company officially goes bust. Retail giant Mosaic Brands – owner of Millers, Rivers, Crossroads, Katies, Noni B and Autograph – collapsed into voluntary administration in October 2024. In a notice to creditors…