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Semiconductor company goes bankrupt amid pressure from Chinese rivals originally appeared on TheStreet. A once-promising Japanese chipmaker has collapsed under
The Dutch branch of Mexican fast food chain Taco Bell has been declared bankrupt by a court in Rotterdam, following years of limited success in the market.
The company behind the franchise, T Bello Netherlands, operated 11 Taco Bell outlets in cities including Amsterdam, Rotterdam, Eindhoven and Utrecht. It is owned by British firm MSHA, which held the rights to run the brand in the Netherlands.
This is the second time Taco Bell has failed to gain a foothold in the Dutch market. A previous franchise holder also went bankrupt in 2018.
The American arm of Taco Bell, which typically works with independent franchise operators, is not affected by the bankruptcy.
The Luxembourg government has officially proposed to purchase the insolvent Liberty Steel plant in Dudelange, according to RTL.
According to a statement from the Ministry of Economy, the aim of this move is to repurpose the industrial site to support national economic development and job creation.
Although specific redevelopment plans are still under consideration, the ministry has confirmed that it is evaluating several options, including potential defense-related projects for the industrial zone.
The government’s intervention effectively prevents the sale of the site to private buyers.
A once-promising Japanese chipmaker has collapsed under mounting debt, a slowdown in electric vehicle (EV) sales, and a surge in supply from Chinese rivals. The company filed for bankruptcy protection last week, less than three years after its widely heralded launch in late 2022.
The firm was backed by Japanese government-linked financial institutions and focused on producing power semiconductors critical to power electronics markets, including electric vehicles (EVs), industrial equipment, and home appliances.
She believes that if university education is going to saddle students as young as 17 with this level of debt, which could follow them around for life, extra measures need to be put in place.
“I think it should be either compulsory financial literacy training or there should be compulsory financial disclosures and all the rest of it, just like credit cards have to do.”
The cost of some degrees increased sharply with the introduction of former prime minister Scott Morrison’s Job-ready Graduates Package in 2021, with the cost of a humanities degree rising to $50,000.
The current government has stopped short of immediately reforming university fees and will take advice on fees from the yet-to-be-opened Australian Tertiary Education…
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Disability support service and employer Bedford will go into voluntary administration in the coming days.
In a statement it said that, after an “exhaustive negotiation process with the state and federal governments, banking and commercial partners NAB”, it had advised its clients, families and staff that the organisation was expected to enter voluntary administration on Sunday, July 27.
The statement said the “heartbreaking” move would “directly impact 1,400 people with disability across South Australia”.
Bedford CEO Myron Mann said it remained “steadfast in our commitment to supporting each of our clients, residents and staff during this challenging time”.
“It is a devastating situation with vast personal impact,” he said.
The address for the company was given as 3 St David’s Business Park, Dalgety Bay, and any parties claiming an interest were asked to contact the court within eight days.
Liquidation is the process of closing a limited company. It involves selling assets to pay off debts and dissolving the company from the official register at Companies House.
