How Abengoa Group impacted the Spanish economy – EY
How Abengoa Group impacted the Spanish economy EY Read the original article here
Liberty Steel plants in Rotherham and Sheffield under threat
Sarah Champion, the Labour MP for Rotherham, said the situation at Liberty Steel was ”deeply troubling”, adding that the Liberty plant was critical for speciality steel in aerospace, defence and Formula One. ”I have repeatedly urged the government to take all necessary steps to safeguard the plants themselves and the workforce,” she said. “I will…
Troubled airline files bankruptcy, travelers may not get refunds – TheStreet
Troubled airline files bankruptcy, travelers may not get refunds TheStreet Read the original article here
BBS wheels to restart production as new owner takes over
240 BBS employees were laid off after BBS declared bankruptcy last year. BBS is known to make some of the finest alloy wheels, and its designs are a favourite with enthusiasts. However, the company stopped making wheels after filing for bankruptcy in Germany in 2024. But things are looking bright now because the famous suspension…
Microsoft-backed startup Builder.ai to file for insolvency
Builder.ai, the British artificial intelligence startup backed by Microsoft Corp. and the Qatar Investment Authority, will file an insolvency case after overstating sales figures it provided investors. “The business has been unable to recover from historic challenges and past decisions that placed significant strain on its financial position,” Builder.ai said in a statement Tuesday. The…
Once worth over $1B, Microsoft-backed Builder.ai is running out of money
AI software company Builder.ai is entering insolvency proceedings, a company spokesperson confirmed to TechCrunch. The Microsoft-backed unicorn, which has raised more than $450 million in funding, rose to prominence for its AI-based platform that aimed to simplify the process of building apps and websites. According to the spokesperson, Builder.ai, also known as Engineer.ai Corporation, is…
Microsoft-backed Builder.ai files for insolvency – PitchBook
Microsoft-backed Builder.ai files for insolvency PitchBook Read the original article here
23andMe Just Went Bankrupt. Delete Your Data Before They Sell It.
Remember that time you spit in a tube and mailed it? For science, people. I don’t want to know about any other purposes for which you may have done that. You have your reasons… But that spit tube, the one that perhaps came in a 23andMe kit that you got under the Christmas tree one…
Big US companies went bankrupt at fastest pace since 2010, S&P says
NEW YORK – Large US companies filed bankruptcy at the fastest rate in 15 years in the first three months of 2025, S&P Global Market Intelligence said on April 10. A total of 188 bankruptcies were filed by large companies in the period to March, the most since 254 such filings were made over the…
Microsoft-backed UK tech unicorn Builder.ai collapses into insolvency – Financial Times
Microsoft-backed UK tech unicorn Builder.ai collapses into insolvency Financial Times Read the original article here