While KTM needs to secure €600 million (i.e. approximately ₹5,732 crore) by the end of May, its board members are now suing each other for not being upfront. The dispute centres around Stefan Pierer and Stephan Zöchling, both of whom are board members of Pierer AG and KTM AG alike. The German publication, Der Standard,…
Leipzig-based Heiterblick, a tram manufacturing company, has filed for insolvency despite having full order books. The company, which employs 250 people, is struggling with increased raw material costs, making it unprofitable to fulfill long-term contracts at previously agreed prices. This issue is not unique to Heiterblick; many companies with viable business models are facing similar…
The government has confirmed that support with Woking BC’s debt will be provided for any new authorities as part of local government reorganisation in Surrey. Woking issued a section 114 in June 2023 and commissioners were appointed in December. The district had a debt of £1.9bn, while its revenue budget was just £16m. Woking BC’s…
Andrea Pirlo had to block his son’s ban account in 2022, as the then teenager amassed gambling debts of €30k in illegal online scheme. Article continues below Article continues below Article continues below Ex-Italy international took decisive action Son forced to learn the hard way Avoid repetition of the same words & topics Read the…
Leipzig-based Heiterblick, a tram manufacturing company, has filed for insolvency despite having full order books. The company, which employs 250 people, is struggling with increased raw material costs, making it unprofitable to fulfill long-term contracts at previously agreed prices. This issue is not unique to Heiterblick; many companies with viable business models are facing similar…
The UK saw a modest decline in corporate insolvencies in 2024, offering a glimmer of hope for businesses grappling with ongoing economic pressures. Official figures from the Insolvency Service revealed 23,872 registered company insolvencies during the year—a 5% drop from the 25,163 cases recorded in 2023, which marked the highest annual total since 1993. Key…
Now is a good time to learn about this new legislation, says Andrew Taylor The Corporate Insolvency and Governance Bill will be the biggest reform of the UK’s restructuring and insolvency framework in more than 15 years. For the hospitality sector, it is welcome news, giving bars and restaurants some options to help them…
Construction firm insolvencies hit all-time high with 840 collapses in first four months of year business-live.co.uk Read the original article here
Struggling pharmacy chain Rite Aid is once again facing money woes, forcing the company to file for bankruptcy again. According to a court filing, the company filed for bankruptcy protection for the second time in just two years. The company “was unable to secure additional capital from lenders that was needed to continue operating the business,”…
The Trump administration has introduced a controversial new program aimed at illegal immigrants, offering a $1,000 stipend and travel assistance for those who choose to voluntarily “self-deport” from the United States. Announced on May 5, 2025, by the Department of Homeland Security (DHS), this initiative is part of a broader strategy to expedite deportations and…