Lilium Aerospace has filed for insolvency again after promised funding options to secure the company’s future failed to materialize.

A statement from the company confirmed that operations were ceasing. It said, “While talks about alternative solutions are still ongoing, the chance for restructuring right now is highly unlikely.

“Giving the situation, this is deeply regretful for all employees and Lilium Aerospace thanks them for their resilience and dedication. 

At its peak, Lilium employed more than 1,000 people. The company was working towards the first flight tests of a full-scale version of its Jet eVTOL aircraft before it ran out of funding in October. The company had planned to construct six test aircraft to…

After 42 successful years, Hooters may be on the brink of bankruptcy. This comes after a period of financial difficulty in which Hooters of America was in talks with advisors and money-lenders to address loss in revenue and foot traffic.

Since the chain was bought by Nord Bay Capital and TriArtisan Capital Advisors in 2019, it has faced a number of issues. In 2024 the company shuttered around 40 brick-and-mortar locations, citing “current market conditions,” per Nation’s Restaurant News. However, the wing giant presented an optimistic front, saying in the same release, “With new Hooters restaurants opening domestically and internationally, new Hooters frozen products launching at grocery stores, and the Hooters footprint expanding into…

Many celebrities are known for taking risks – whether it’s in the roles they take on, the music they produce, or the opportunities they pursue outside their fields. When this is in the realm of their careers, the rewards are often worth the gamble. However, not all risk-takers are as lucky when it comes to placing (literal) bets.

What happens in Vegas

The weight of debt can crush anyone, regardless of age.  Here in Delaware, a family recently reached out to the Better Business Bureau for help navigating the overwhelming world of debt relief, and we want to share the resources we provided them.

With Americans facing a staggering $17 trillion in consumer debt (Experian), the struggle is real, and unfortunately, the debt relief industry is rife with predatory practices. From misleading promises and exorbitant fees to outright scams, it’s crucial to be informed before seeking help.

BBB research exposes these pitfalls and provides crucial information on debt relief, consolidation, credit repair, and counseling options. It’s a must-read for anyone grappling with debt or worried about a…

(InvestigateTV) — U.S. households with revolving credit card debt owe an average of just over $10,000, according to a new NerdWallet study.

With credit card interest rates still above 24%, according to Investopedia, carrying that level of debt can be extremely expensive, warns Sara Rathner, a credit card expert at NerdWallet.

She said this is a great time to get organized and find ways to lower interest rates.

“So, when it comes to paying your debt off, you can try debt repayment methods that can help keep you organized and motivated,” Rathner said. “Debt avalanche is one, for example, where you list all of your debts in order from highest interest rate to lowest interest rate. You make minimum payments on everything, but then…

As Ippei Mizuhara learned his fate, he stood calmly before a federal judge resigned to the grim reality that his destructive gambling habit would result in severe consequences.

Mizuhara, the disgraced former interpreter of Shohei Ohtani, begged Judge John Holcomb for mercy on Thursday as he tearfully apologized to the MLB star for betraying his trust. Moments earlier, Holcomb excoriated Mizuhara for embezzling $17 million from Ohtani, an amount the judge described as more than most people earn in a lifetime. Holcomb then imposed a 57-month prison sentence to Mizuhara, one that is…

Sr. Henriette Anne, FSSA

In a one day media workshop organized by the Jubilee 2025 Africa Coalition, the Association of Members Episcopal Conference in Eastern Africa (AMECEA), Jesuits Justice and Ecology Network Africa, Caritas Africa and Hakimani Center on February 12^th 2025 at Radisson Blu hotel in Nairobi- Kenya, joined the Vatican’s Dicastery for the Promotion of Integral Human Development in launching the Jubilee 2025 Debt Cancellation Campaign for countries in Africa who are in “dire fiscal situation, where debt servicing costs consume over 50% of national revenues”.

In his speech during this workshop of media personnel from various media houses in Kenya themed “Unpacking Africa’s Debt Crisi; Understanding…