With the deadline of Brexit coming closer, QBE Insurance Group Limited (ASX: QBE) is looking well prepared to handle it with the recently received approval from UKs High Court for its post-Brexit restructuring plans in the UK. With the Courts approval, the company has completed its Part VII Transfer under which the QBE groups European…
In an unprecedented move, Malaysian court allowed Wynn Macau to collect its dues from a gambler A Malaysian court sided on Friday with Wynn Macau in a multi-million-dollar lawsuit against a fund manager who had gambled at the Macau-based casino and had owed it millions of dollars, Reuters reported citing Wynns lawyer. In an unprecedented…
Jan 19, 2019- Tanahu Hydropower Limited has given a contract commencement date to the two companies hired for the execution of the 140MW Tanahu Hydropower Project. The project developer, a subsidiary of the state-owned Nepal Electricity Authority, on Wednesday directed CMC Ravenna of Italy and Sinohydro Corporation of China to mobilise workers for the project…
With collective U.S. student loan debt nearing $1.5 trillion, some colleges are testing innovative solutions to help reduce student borrowing. Using no-strings-attached student loan payoff-assistance programs, college loan alternatives and annual student debt letters, these three universities are doing their part to curb college debt. 1. UNIVERSITY OF PITTSBURGH The University of Pittsburgh is offering…
The former chief executive of a failed investment firm has been given just over two weeks to pay a record 76m fine by the City regulator. The Financial Conduct Authority formally imposed the huge fine on Stewart Ford yesterday over his role in one of the UKs largest investment scandals. He must find the funds…
Bankruptcy Chapter 11by Nick Youngson As explored in PG&E Under Flame, Californias top utility is proving be a fascinating and frustrating case study of what happens when companies put profit over people. To recap; state authorities are heavily investigating PG&Es role in causing the Camp Fire that claimed at least 87 lives in November. Alongside…
Mark Zuckerberg at Facebooks F8 conference in 2017 showing off a mock-up video of how AR glasses might work. Getty Facebook is moving hundreds of employees to a new product-focused augmented-reality group as it continues to quietly develop AR glasses. The employees are being moved out of the research-driven Facebook Reality Labs and into a…
The banking system of Ukraine has made profit for the first time in five years. NBU Governor Yakiv Smolii said this during his speech in the Verkhovna Rada, Ukrinform reports. There are 77 banks in Ukraine, including 4 state-owned and 22 banks with foreign capital. The banking system is not only stable, well-capitalized and transparent,…
ANNAPOLIS (WJZ) Nearly 9,500 Maryland residents with student loan debt are being awarded tax credits, Gov. Hogan announced Friday. The Maryland Higher Education Commission has awarded $9 million in tax credits to the residents with student loan debt. Student loan debt is a daunting and overwhelming burden for thousands of Marylanders, said Governor Hogan. These…
Rolta India, which is among the leading IT and geospatial companies of the world, is in dire financial straits. The companys strategy to make itself debt free in India by divesting its global products and solutions business has failed, reported Hindu Business Line. Rolta planned to raise $25 billion(INR25,000 crore) by divesting to restructure bonds.…