Video PlayerClose RIGA, Oct. 4 (Xinhua) — The Latvian government is expected to name the new investor of ailing steel company KVV Liepajas Metalurgs by the end of October, Vladimirs Loginovs, chairman of the Latvian Privatization Agency, said on public radio Wednesday. Citing unconfirmed reports, LETA news agency informed earlier that the steelworks in Latvia’s…
The government is calling it the biggest ever U.K. airline failure. Monarch/Facebook The INSIDER Summary: More than 110,000 travelers are stranded around Europe and the Middle East after Monarch Airlines declared bankruptcy. The British airline immediately cancelled services with little warning to employees and passengers. An estimated 860,000 people have lost future travel bookings. The…
WIMBLEDON legend Boris Becker is in debt to the tune of 54 million pounds and is facing having his homes and personal property repossessed, according to German media. Magazines Stern and Bunte say the bankruptcy declaration in London three months ago was only the “tip of the iceberg” of what he actually owes. Getty –…
By RABECCA CHIPANTA and STEPHANIE KUNDA –FOUR Ndola City Council (NCC) employees have been apprehended for allegedly locking up the local authority offices in the early hours of Monday to protest delayed salary payments.Ndola Mayor Amon Chisenga named the employees as Nalcom Mupimpila, a senior systems analyst (management position), Warren Sinyangwe, a clerical officer under…
The government is calling it the biggest ever U.K. airline failure. Monarch/Facebook The INSIDER Summary: More than 110,000 travelers are stranded around Europe and the Middle East after Monarch Airlines declared bankruptcy. The British airline immediately cancelled services with little warning to employees and passengers. An estimated 860,000 people have lost future travel bookings. The…
Malcolm Roberts’ hopes of replacing himself in the Senate appear doomed after Queensland publican Fraser Anning – the next candidate on One Nation’s ticket – successfully avoided bankruptcy. Creditors have officially withdrawn their bankruptcy petition against Mr Anning and his wife Fiona, Fairfax Media can reveal. The move comes after Mr Anning struck a confidential…
The previous time Ireland experienced this much excitement about an international Bale out, the year was 2010, the IMF were in town and the country was officially declared bankrupt. Now its the Welsh who are seeking assistance after their worst fears were realised yesterday when it emerged that Gareth Bale, their best player, has been…
NEW DELHI: Moved by the plight of homebuyers who have not been given the possession of flats despite paying money to builders, the Supreme Court today observed it wanted to help these investors who must get their flats or their money refunded. A bench headed by Chief Justice Dipak Misra said this while hearing a…
Lenders to Anil Dhirubhai Ambani Groups (ADAG) flagship company Reliance Communications Ltd. will treat insolvency as a last option, three people close to the development have confirmed. Instead, lenders in the RCom case would prefer that the company complete the sale of a majority stake in its tower business to Canadian investor Brookfield Asset Management…
TEL AVIV, Oct 3 (Reuters) – UK hedge fund Lansdowne Partners Chairman Stuart Roden said on Tuesday he plans to invest in Iceland assets once the country opens up to investment, citing a tourism boom and high exposure to high-tech growth in Europe. Roden also said he was upbeat on Lufthansa given reduced capacity by…