A corporate reorganization at Accor pushes some power away from corporate headquarters and leaves the Paris-based hotel company without four of its top executives, according to an internal memo sent this week by the companys CEO Sebastien Bazin. The restructuring calls for eight geographic hubs around the world while maintaining a central office led by…
Personal insolvency applications reached a record high in July, according to figures from business and credit risk analyst CRIF Vision-net. The Insolvency Service of Ireland (ISI) received 239 applications for personal insolvency arrangements, debt relief notices and debt settlement arrangements. This is a 125 per cent increase on the 106 applications made in July last…
Return to homepage Please subscribe to keep reading. You can cancel at any time. Already a subscriber? Loading&hellp; No thanks, return to homepage. Sign Up Today and Support Local Journalism Enjoy more articles from Charleston & Mattoon’s Most Trusted Information Source. Subscribers can log in for unlimited digital access {{featured_button_text}} CHARLESTON A test of Coles…
Wirecards scandalous collapse exposes the weakness of a single EU financial market that leaves regulatory supervision to the member states. Wirecard was one of the great success stories of Europes fintech sector and a German national champion, holding a coveted place in the DAX 30, the countrys main stock index. But since it was suddenly…
Unions enforce pro-business restructure at Australia Post By Jim Franklin and Oscar Grenfell11 September 2020 The unions covering Australia Post (AP) are continuing to enforce a pro-business restructuring of the government-owned postal service, even as it is clear that the overhaul is already resulting in greater workloads and worsening conditions, and opens the way for…
Tasmania’s only water and sewage utility has not ruled out raising future residential bills to help manage rapidly rising debt associated with coronavirus. Key points: Tasmania’s solo water and sewage utility is largely owned by the state’s 29 councils They have been told the entity is in financial trouble and has applied for a loan…
While the disconnect between markets and the real economy has widened further, there is no guarantee that it will narrow, especially with central banks acting as the buyer of last resort. Yet the risk of an extended run of corporate insolvencies remains. In this environment, high-quality income generation is the key, together with the flexibility…
12:22 11/09/2020 MOSCOW, September 11 (RAPSI) Moscows Tverskoy District Court has sentenced a former deputy chairman of board of the bank Legion Victor Brusentsev to 7.5 years in penal coliny for 122 million-ruble ($1.6 million) embezzlement, the press service of the Prosecutor Generals Office has told RAPSI. Additionally, Brusentsev has been fined 800,000 rubles ($10,700).…
11 September 2020 GENERAL TEXT AMENDEMENT The following amendment has been made to the ‘Proposed Conditional Debt Restructuring Agreement’ released on 8 September 2020 at 0715 under RNS No 3250Y. “Although I’m disappointed that the final outcome is not in line with the general terms discussed with the Lenders prior to the purchase of the…
How soon and how far can businesses go in their re-making to deal with the pandemic and its outsized influence on their operations? Image Credit: Gulf News Archive The Gulf enjoyed a sustained level of development and growth over the last 15 years. This development has been a result of significant amounts of sovereign and…