TAP uncertainty: Portuguese State will become sole shareholder by end of 2021 – Portugal Resident

Despite all assertions to the contrary, the Portuguese government insists debt-ridden airline TAP is absolutely strategic and must be saved at all costs. These are likely to run to around 3 billion, the spending of which has been held up by Brussels doubts in all directions. The European Commission isnt simply concerned over the Ryanair…

Report: Terence Loh declared bankrupt, 11 months after Newcastle takeover attempt – Geordie Boot Boys – Newcastle United F.C. News

Terence Loh, who allegedly tried to complete a takeover of Newcastle last year, has been declared bankrupt according to a report. 2020 was a wild time for the never-ending Newcastle takeover saga, with not just Amanda Staveley seemingly trying to complete a deal. In April last year, PCP Capital Partners agreed a deal to buy…

Broke National Oil lost Sh500m in single year, risks auction – The Standard

The report says this exposes the parastatal to possible seizure of its assets by the lender. [Courtesy] Cash-strapped National Oil Corporation of Kenya (Nock) lost nearly half a billion shillings in a single financial year, raising its accumulated losses to over Sh3 billion. In addition, the auditor general report states that the State-owned corporations current…