Shell plans to restructure the way it runs its hydrocarbons and renewables businesses as part of changes being made under new chief executive Wael Sawan to improve performance and bring the companys low-carbon initiatives into a single division. The moves, which include splitting Shells integrated gas, renewables and energy solutions division, represent the second internal…
A new contractor has been appointed to constructa controversial Northwich incinerator after the previous builders collapsed. The Guardian reported last January howCNIM – a UK subsidiary of the engineering contractor working on theLostock Sustainable Energy Plant (LSEP) was declared insolvent and entered administration. In response, LSEP Ltd took over CNIMs subcontracts for aspects of the…
Netherlands Lightyears operating company, Atlas Technologies B.V., has filed for suspension of payment proceedings, which was granted by the Rechtbank Oost-Brabant in the Netherlands. On January 23rd, the court declared Atlas Technologies B.V. bankrupt and appointed Mr. R. van Oeijen from Holla legal & tax as trustee. Lightyear has expressed regret over the situation and…
Solar EV startup Lightyear has announced that Atlas Technologies, its operating company responsible for the production of solar cars, has been declared insolvent by a Dutch court. Obviously, this spells uncertainty for the future of Lightyear, which announced a week ago that production of the Lightyear 0 was suspended six weeks after it started. The…
After Christmas, it can be a difficult time of year when spending has run out of control and you can very easily find yourself with rising debts that can be difficult to cope with. With the help of partners Citizen Advice, South Hams District and West Devon Borough Councils have been gathering together lots of…
1xBet, a bookmaker tied to many esports organizations, has responded after reportedly being declared bankrupt by the Dutch Supreme Court in the Netherlands. The news was originally reported by Josimar but is vehemently denied by 1xBet. In June 2022, Josimar reported that 1xCorp, the alleged parent company of 1xBet, had been declared bankrupt by Curacao,…
Global bodies like the IMF need to step up and improve the framework for sovereign debt financing so that emerging market economies, like Sri Lanka, can get out of their debt distress problems faster. That’s according to the former governor of the State Bank of Pakistan, the country’s central bank. Reza Baqir, currently the global…
After Christmas, it can be a difficult time of year when spending has run out of control and you can very easily find yourself with rising debts that can be difficult to cope with. With the help of partners Citizen Advice, West Devon Borough Council and South Hams District Council have been gathering together lots…