The government is calling it the biggest ever U.K. airline failure. Monarch/Facebook The INSIDER Summary: More than 110,000 travelers are stranded around Europe and the Middle East after Monarch Airlines declared bankruptcy. The British airline immediately cancelled services with little warning to employees and passengers. An estimated 860,000 people have lost future travel bookings. The…
Fresh from touring the devastation in Puerto Rico, President Trump on Tuesday said “we’re going to have to wipe out” the island’s crippling debt in order for the US territory to rebuild after Hurricane Maria. “You know they owe a lot of money to your friends at Wall Street and we’re going to have to…
DEAN KOZANIC/STUFF Christchurch businessman Bert Govan: ‘We want to say how sorry we are.” Christchurch-based Challenge Steel has been placed into voluntary liquidation one year after it was launched by businessman Bert Govan. Govan has held meetings with liquidator BDO and the clients and creditors understood to be owed several million dollars, apologising for the failure. Other Challenge Steel directors Tony Sewell,…