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By Euronews Culture with AP Published on 22/05/2025 - 12:07 GMT+2ADVERTISEMENTA collection of artifacts linked with President Abraham Lincoln, including the blood-stained
A collection of artifacts linked with President Abraham Lincoln, including the blood-stained leather gloves he worn the night of his assassination, have been sold at an auction in the United States for $7.9 million (€6.9 million).
A total of 144 items up for sale to pay off the remainder of a two decade old $8 million (€7 million) debt that the Lincoln Presidential Foundation used to buy a one-of-a-kind cluster of Lincoln artifacts from a California collector.
The gloves proved to be the most popular item, fetching $1.52 million (€1.35 million) including the premium….
Photo Illustration by Elizabeth Brockway/The Daily Beast/Getty
Rudy Giuliani needs a little coffee money—and so does the Miami-based roastery that’s scooping out the once-beloved mayor’s new line of signature java blends.
A very caffeinated-sounding Giuliani provoked online mockery on May 19 when he appeared on a computer-generated background to hawk Rudy Coffee, the latest in a steady drip-drip of odd products the suspended ex-Trump lawyer has promoted as his brewing legal and financial woes threaten to boil over. But it turns out that the famously unfiltered Republican isn’t the only party in the new venture going through bankruptcy proceedings and hoping to get back into the black.
Rising costs and ongoing economic and political uncertainty are continuing to drive corporate insolvencies upward, while an increasing number of local entrepreneurs are seeking insolvency and restructuring advice and considering the future of their businesses.
This is according to the Midlands branch of the UK’s insolvency and restructuring trade body R3 and comes on the back of latest figures from the Insolvency Service which show that corporate insolvencies in England and Wales increased by 2.9% last month [April] to a total of 2,053 and by 13.2% compared to April 2023’s figure of 1,813.
R3 Midlands chair Stephen Rome, a partner at law firm Penningtons Manches Cooper in the region, said: “April’s corporate insolvency figures…
Even the power of Marie Kondo may not be enough to save the Container Store.
In 2019 and 2020, the Container Store got a big boost from “Tidying Up,” the hit Netflix show from the home de-cluttering evangelist. Customers rushed into stores to buy storage bins, pantry and drawer organizers, shelves and other goods to organize the junk in their homes, helping drive up the company’s sales. The Container Store in 2021 launched a partnership with Kondo to design exclusive products for the chain.
“When ‘Tidying Up’ premiered in 2019 and consumers immediately connected decluttering and organization…
JAKARTA – The president director of bankrupt Indonesian textile giant Sritex has been arrested as part of a corruption investigation, Indonesia’s Attorney-General’s Office (AGO) said on May 21.
The AGO confirmed to Reuters that the arrest of Mr Iwan Kurniawan Lukminto was due to alleged irregularities related to a bank loan provided to Sritex. Local media earlier reported the loan was provided by a state bank.
Reuters sought comment from Sritex, but it did not immediately respond.
The AGO did not provide details on the case, the size of the loan or which lender provided it.
Sritex was declared bankrupt at the end of 2024 after it struggled to service its debts, which reached US$1.6 billion (S$ 2.07 billion) in June. It stopped…
[JAKARTA] Indonesia’s collapsed textile giant Sri Rejeki Isman (Sritex) is facing potential delisting from the Indonesia Stock Exchange (IDX) after the Attorney General’s Office (AGO) named a former executive as a suspect in a corruption case involving the alleged misuse of bank loan facilities.
IDX director I Gede Nyoman Yetna said on Thursday (May 22) that Sritex shares, which have been suspended from trading since 2021, now meet the criteria for delisting and reverting to private status. However, he did not specify when the delisting would take place, saying the exchange is currently coordinating with the Financial Services Authority and a curator on the process.
“Given that Sritex has been officially declared bankrupt,…
The state-owned green energy financier submitted the application on Wednesday under Section 7 of the Insolvency and Bankruptcy Code, 2016, according to a stock exchange filing.
Section 7 of the IBC empowers financial creditors to initiate the Corporate Insolvency Resolution Process (CIRP) against a company that has defaulted. This process begins with an application to the National Company Law Tribunal (NCLT) once a default is established.
Shares of Gensol Engineering Ltd remained locked in the lower circuit for the 18th consecutive session on Tuesday, May 13, falling another 5%…
India’s Insolvency & Bankruptcy Code (IBC) is showing stronger results, with two cases now getting resolved for every one that goes into liquidation — a complete reversal of the situation in 2017-18, when five companies went into liquidation for each one resolved, the latest data showed.
This change has been driven partly by a decline in old cases tied to liquidation and also by the improved quality of assets when they are admitted under the corporate insolvency resolution process (CIRP).
The government and regulators are also stepping up efforts to improve how the Code functions. Some of these efforts include tracking cases that are still waiting to be admitted and monitoring those already undergoing resolution. The Insolvency &…
