PARIS — A French commercial court has officially declared Kremlin-backed media outlet RT France bankrupt, the company’s President Xenia Fedorova announced on Friday.

“The court of Nanterre took the decision to put RT France in liquidation — a media that has not pleased [French President] Emmanuel Macron since its launch and, which was sanctioned by the EU a year ago as a precautionary measure because of the conflict in Ukraine,” Fedorova tweeted Friday evening.

In March last year, the EU banned Russian government-funded media like Sputnik and RT, formerly known as Russia Today, from broadcasting in Europe after Russia launched its full-scale war on Ukraine.

NEW DELHI: Properties worth Rs 2,566 crore of fugitive businessman Mehul Choksi would now be ready for auctioning after a special Mumbai court order. The properties were attached by the Enforcement Directorate (ED) in the PNB fraud case.

The ED has already started the process of handing over the properties to the liquidator and assets worth Rs 125 crore have been handed over to the liquidator of Gitanjali Gems, the company once owned by Choksi.

“The handed over properties include flats situated at Mumbai and two factories/godowns situated at SEEPZ Mumbai. Restitution of the rest of the properties is in progress,” said the enforcement directorate, the agency that investigates matters related to money laundering.

Gitanjali Gems went…

The fortunes of Australia’s largest commercial contractors have improved as cost growth slows and loss-making projects end, but increasing insolvencies among smaller subcontractors and suppliers are putting that recovery at risk by narrowing the industry base on which larger builders rely to get work done.

Financial reports lodged with the corporate regulator show the country’s biggest builders enjoyed a strong turnaround in the year to June, with profitability and margins increasing, as they put behind them the brutal losses triggered by fixed-price contracts.

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