“This appears to be the biggest lay-offs at the company in the last seven years,” the source, who did not want to be named, told The Nation. The 100 employees will be laid off with effect from tomorrow. GMM Grammy is reportedly also considering cutting more jobs from its current staff strength of 3,000 employees.…
Just when the Australian dollar is starting to bounce back against the US dollar after dipping last year, the local market is now being hit by the fluctuations in the Chinese economy. This has knock-on effects for Australian businesses. As Australias largest trading partner, Chinas economic troubles is putting some pressure on the insolvency landscape,…
Making or having lots of money is not equal to making a profit in business. Most businesses close because of different cash mirages that occur leading to failure to optimise their business. In this article, we are going to identify three different mirages that can occur to a business which then obstruct its ability to…
Leave it to a dad to put the current political landscape into Harry Potter terms. That is what Brian Rutter does. For him, Bernie Sanders is a muggle. Here is why. To the generation who grew up mesmerized and transfixed by the magical, mystical world of Harry Potter, and who now flood the webosphere with…
Slater & Gordon chief executive Anbrew Grech. Photo: Josh Robenstone Slater & Gordon has announced a first-half loss of almost $1 billion after it slashed the value of its United Kingdom assets by $814.2 million. The huge write-down comes after less than a year after it paid $1.3 billion to acquire the professional services division…
Inbal Or today presented herself at the to the offices of the Israel Tax Authority for further interrogation concerning the issuing of false invoices and tax evasion allegedly amounting to millions of shekels. Apartment purchasers are also making allegations against her of fraud. Court petitions were filed today for the appointment of a temporary receiver…
Making or having lots of money is not equal to making a profit in business. Most businesses close because of different cash mirages that occur leading to failure to optimise their business. In this article, we are going to identify three different mirages that can occur to a business which then obstruct its ability to…
In the early days, Raymond Ackley, like so many others, believed he could count on receiving his severance payment. That was back in 2010 when he got swept up in one of the many rounds of layoffs instituted by Nortel Networks, his employer for 27 years. Today the 62-year-old Cary resident is among legions of…
The Supreme Court is the latest entrant into the banking crisis, with a demand for names of defaulters. This is suo moto action by the Supreme Court, prompted by the public outrage about the costs to the public imposed by the Indian banking system. But solutions to India’s banking crisis lie in legislative…
Wall stPhoto Credit: shutterstock For twenty four years the Clintons have orchestrated a conjugal relationship with Wall Street, to the immense financial benefit of both parties. They have accepted from the New York banks $68.72 million in campaign contributions for their six political races, and $8.85 million more in speaking fees. The banks have earned…