Tennis great Boris Becker is reportedly selling his Wimbledon trophies, amid claims the German ace has racked up debts in excess of £54million. Becker, 49, was once worth £30million. But three months ago her was declared bankrupt over money owed to a bank. Now magazines Stern and Bunte claim that declaration was merely the start,…
Czech CSG to buy insolvent Serbian machinery maker IMK 14. Oktobar Jaroslav Strnad, owner of CSG; Source: Jaroslav Strnad’s Twitter profile BELGRADE (Serbia), October 5 (SeeNews) – Czech industrial group CSG has said it plans to acquire Serbian insolvent construction and agricultural machinery manufacturer IMK 14. Oktobar for an undisclosed sum. The creditors’ committee of IMK…
00:00:02 >> It’s been two weeks since Hurricane Maria dealt a massive blow to Puerto Rico’s electrical grid, and most of the island is still in the dark. The storm was devastating, but Puerto Rico’s Electrical Power Authority, or PREPA, was already limping along before Maria. A fact the island’s Governor, Ricardo Rossello, admitted when…
Hillgrove’s conviction three years ago came after his business Hillgrove PR failed to pay nearly £90,000 in VAT and PAYE payments between 2011 and 2012. He was given a suspended sentence. Over the past five years, he has been served with a number of demands for unpaid personal taxes, settling these with HM Revenue…
A bipartisan Congressional group from the Ohio Valley and beyond introduced a new bill to save pensions for retired union coal miners throughout the region. The American Miners Pension Act, or AMP, would secure pensions for about 43,000 miners in Kentucky, Ohio and West Virginia whose retirement benefits have been undermined by the decline of…
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…