A Midwestern city has fostered a rocky financial situation by offering extremely generous retirement benefits to public workers, experts say. Chicago‘s projected budget deficit is a whopping $982.4 million, according to The Civic Federation. Despite several tactics to save the city from bankruptcy, politicians have failed to get to the root of the issue – …
Dem-run city may go bankrupt thanks to public sector pension scheme MSN Read the original article here
Dem-run city may go bankrupt thanks to public sector pension scheme MSN Read the original article here
Home Viral Meet Indian man who spent Rs 550 crore on daughter’s wedding, went to jail after going bankrupt due to; his name is… Pramod Mittal, once among the richest men in the United Kingdom (UK), is the brother of billionaire steel magnate Lakshmi Mittal. The 68-year-old, who once spent Rs 550 crore on his…
PAS says helping Mastura settle defamation suit to avoid by-election MSN Read the original article here
German air mobility company ditches fund-raising plans and files for insolvency MSN Read the original article here
Volocopter, a German air transport company, has filed for insolvency following several unsuccessful attempts to raise funds in an increasingly challenging international market. ADVERTISEMENT German urban air mobility (UAM) start-up, Volocopter GmbH, has announced that it has started the process of filing for insolvency, as it has been unable to secure the funds needed to…
Volocopter, whose predecessor E-Volo may have invented the multi-copter concept, has filed for insolvency in Germany but is vowing to continue its certification bid. It intends to gain EASA certification for its VoloCity, and the insolvency will keep creditors at bay while it raises more money to cross that finish line. “We are ahead of…
Light Sport manufacturer Flight Design has filed for insolvency in Germany saying it’s run out of cash because a major customer hasn’t paid its bill. The company announced the move with a notice on its Web site on Dec.14. “The insolvency application became necessary because, on the one hand, an international customer has not yet…
The German manufacturer of Mercedes and Audi logos has declared bankruptcy Ореанда-Новости Read the original article here