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…
Malcolm Roberts’ hopes of replacing himself in the Senate appear doomed after Queensland publican Fraser Anning – the next candidate on One Nation’s ticket – successfully avoided bankruptcy. Creditors have officially withdrawn their bankruptcy petition against Mr Anning and his wife Fiona, Fairfax Media can reveal. The move comes after Mr Anning struck a confidential…
The previous time Ireland experienced this much excitement about an international Bale out, the year was 2010, the IMF were in town and the country was officially declared bankrupt. Now its the Welsh who are seeking assistance after their worst fears were realised yesterday when it emerged that Gareth Bale, their best player, has been…
NEW DELHI: Moved by the plight of homebuyers who have not been given the possession of flats despite paying money to builders, the Supreme Court today observed it wanted to help these investors who must get their flats or their money refunded. A bench headed by Chief Justice Dipak Misra said this while hearing a…
Lenders to Anil Dhirubhai Ambani Groups (ADAG) flagship company Reliance Communications Ltd. will treat insolvency as a last option, three people close to the development have confirmed. Instead, lenders in the RCom case would prefer that the company complete the sale of a majority stake in its tower business to Canadian investor Brookfield Asset Management…
TEL AVIV, Oct 3 (Reuters) – UK hedge fund Lansdowne Partners Chairman Stuart Roden said on Tuesday he plans to invest in Iceland assets once the country opens up to investment, citing a tourism boom and high exposure to high-tech growth in Europe. Roden also said he was upbeat on Lufthansa given reduced capacity by…
NEW YORK (Reuters) – Creditors approached Puerto Ricos government with offers surrounding the U.S. territorys bankruptcy after Hurricane Maria tore through the island last month, but federal aid remains the top priority, a Puerto Rico official said on Monday. Any offer well review it, and well discuss it with the oversight board and their advisers,…
By Stephanie Kelly NEW YORK (Reuters) – Creditors approached Puerto Rico’s government with offers surrounding the U.S. territory’s bankruptcy after Hurricane Maria tore through the island last month, but federal aid remains the top priority, a Puerto Rico official said on Monday. “Any offer well review it, and well discuss it with the oversight board…
Malcolm Roberts’ hopes of replacing himself in the Senate appears doomed after Queensland publican Fraser Anning – the next candidate on One Nation’s ticket – successfully avoided bankruptcy. Creditors have officially withdrawn their bankruptcy petition against Mr Anning and his wife Fiona, Fairfax Media can reveal. Play Video Don’t Play Bishop on North Korea negotiations Play Video Don’t…
Bankrupt Yangzhou Dayang Shipbuilding, a subsidiary of Sinopacific Shipbuilding Group, has held its first creditors meeting on Saturday, more than two months after the yard went under receivership. The local media reported that more than 700 people attended the meeting, including creditors and their representatives, management and staff of the shipyard, the legal and audit…