Insolvency Guardian Media Centre
How Abengoa Group impacted the Spanish economy EY
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Sarah Champion, the Labour MP for Rotherham, said the situation at Liberty Steel was ”deeply troubling”, adding that the Liberty plant was critical for speciality steel in aerospace, defence and Formula One.
”I have repeatedly urged the government to take all necessary steps to safeguard the plants themselves and the workforce,” she said. “I will continue to do all that I can to protect steel production in Rotherham.”
Roy Rickhuss, general secretary of steelworkers’ union Community, said its members had “endured far too much turbulence and uncertainty over recent years” at the plant “as a result of the erratic and irresponsible way the company has been run”.
“Failed restructuring plans and broken promises from the company have become a…
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Getty ImagesSheen said he did not have £100,000 to “throw around” and therefore wanted the project to be “effective”.
Despite initial doubts, an encounter with a woman in a Port Talbot cafe who shared the story of “steelworkers in tears” losing their jobs, convinced him to keep going.
It comes two months after Sheen announced he was funding a new theatre company to fill the gap left by the folding of National Theatre Wales.
In 2021, Sheen declared himself a “not-for-profit” actor, pledging to use all the money he earns for good causes.
The 56-year-old, who has starred in films such as Frost/Nixon…
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THE Tobacco Industry and Marketing Board (TIMB) yesterday launched a debt relief programme under the Tobacco Inputs Credit Scheme (TICS), offering renewed…
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Devon bakery business goes bust with huge unpaid debts Plymouth Live
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JCPenney launches liquidation sales up to 90% as more store closures loom MSN
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Diverting Development: The G20 and External Debt Service Burden in Africa
In many ways the African continent has been poised for take-off. The continent is home to many of the key ingredients for a successful 21st century economy with 60 percent of the world’s solar resources, 30 percent of proven transition mineral reserves and enough wind potential to provide the entire continent enough electricity to meet its needs 250 times over. Moreover, the population in the region is expected to almost double by 2050, reaching 2.5 billion. To tap into this potential, the African continent needs to increase investment levels in a stepwise manner by 2030 from both domestic…
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There’s a specific kind of stress that comes with credit card debt: the kind that creeps in at the checkout counter and then shows up in your mail or inbox when the credit card bills roll in. You tell yourself you’ll catch up next month, but somehow, your credit card balance keeps growing. And, in most cases, it’s not that you’re careless. It’s that life is…
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Troubled airline files bankruptcy, travelers may not get refunds TheStreet
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240 BBS employees were laid off after BBS declared bankruptcy last year.
BBS is known to make some of the finest alloy wheels, and its designs are a favourite with enthusiasts. However, the company stopped making wheels after filing for bankruptcy in Germany in 2024.
But things are looking bright now because the famous suspension maker KW Automotive is BBS’s new owner. With this acquisition, the production of wheels could begin again soon.
KW acquired all of BBS’s assets, including its two German factories, the tooling, and any existing inventory. However, the purchase price of this deal is not being disclosed.
Production should restart at the plant in Schiltach, Germany, soon. The factory has a largely…
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Issue of Debt Business Wire
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Credit card interest rates are high. Credit card debt balances are high. And the chances of either being reduced materially anytime soon look unlikely. Even with news last week that credit card balances fell in the first quarter of 2025, a hidden item should have given borrowers pause. Although balances declined in the first three months of the year, they’re still up 6% from the same period in 2024. All of this adds up…