Russian Ex-Presidential Hopeful Nadezhdin Declares Bankruptcy

A Russian court declared former presidential hopeful Boris Nadezhdin bankrupt over past campaign debt, the Kommersant business newspaper reported Thursday. Nadezhdin, 61, sought to challenge President Vladimir Putin in the March 2024 presidential race on an anti-war platform but was barred from running. Though unsuccessful, his short-lived campaign drew support from Russians opposed to the…

Major deep sea mining company goes bankrupt 

Bergen, Norway – Norwegian deep sea mining company, Loke Marine Minerals, has declared bankruptcy.[1] Loke had dreams of becoming the world’s largest deep sea mining company, holding licenses in the Pacific as well as setting their eyes on the Arctic. Now, their deep sea mining dreams have been shattered. Loke also owns UK Seabed Resources,…

Lightyear declared bankrupt, to focus on affordable models

Atlas Technologies, a subsidiary of Netherlands-based Lightyear, has been declared bankrupt. For the last six years, the company has been in the works to develop the world’s first solar-powered electric car, christened Lightyear 0.  The parent firm submitted a request on January 23 to suspend payment proceedings for its operating company responsible for Lightyear 0. …