Northvolt files for bankruptcy in Sweden, ending Europe’s biggest battery hope to challenge China’s electric vehicle industry

Stockholm | Battery cell maker Northvolt has filed for bankruptcy in Sweden, the company said on Wednesday, marking one of the country’s largest corporate failures and effectively ending Europe’s best hope of developing a rival to challenge China. The Swedish company has received more than $US10 billion ($15 billion) in equity, debt and public financing…

Sunterra files for bankruptcy protection

The company behind Bower Place shopping centre’s Sunterra Market has filed notice for protection under bankruptcy and insolvency laws to give it time for financial restructuring. Sunterra Farms Ltd., Sunterra Food Corp., Sunterra Quality Food Markets Inc., Sunwold Farms Ltd. and Trochu Meat Processors all filed notice on March 24 to creditors that they were…

Sunterra files for bankruptcy protection

The company behind Bower Place shopping centre’s Sunterra Market has filed notice for protection under bankruptcy and insolvency laws to give it time for financial restructuring. Sunterra Farms Ltd., Sunterra Food Corp., Sunterra Quality Food Markets Inc., Sunwold Farms Ltd. and Trochu Meat Processors all filed notice on March 24 to creditors that they were…

Future in question for Macau satellite operator

Millions in outstanding loans could mean the end of satellite casino operator Macau Legend Development. Macau satellite casino operator Macau Legend Development (MLD) has posted losses for 2024 totalling HK$667.23 million (£66.7 million/€80 million/$86 million), up from just HK$4.9 in 2023. Net liabilities of HK$2.51 billion, including loans of HK$2.41 billion, “will be due for…