The figures come as Citizens Advice warns people are at risk of “spiralling into debt” amid the cost-of-living crisis. A person becomes insolvent when they are unable to pay their debts and are left with a choice of declaring bankruptcy or taking on measures to pay them back. New figures from the Insolvency Service show…
Sign up for the GI Daily here to get the biggest news straight to your inbox Plaion is restructuring its games publishing business which is expected to result in layoffs, GamesIndustry.biz has learned. Sources close to the matter have told us a number of jobs are at stake as the publisher, which rebranded from Koch…
A new report has revealed that German-Austrian media company Plaion (formerly Koch Media), a subsidiary of Embracer Group, is restructuring its game publishing business, with roughly five to six jobs at stake as the company looks to drop its Deep Silver, Prime Matter, and Ravenscourt labels. Having rebranded from Koch Media to Plaion last year,…
Diversified industrial giant 3M (MMM 1.48%) delivered one of the season’s most exciting earnings calls. However, it wasn’t so much the numbers and the guidance that caught investors’ attention. Instead, management outlined a significant restructuring plan that gives hope it might start to release value from 3M’s portfolio of businesses. As such, 3M is becoming…
By Marine Strauss BRUSSELS (Reuters) -The first and only Belgian cryptocurrency lending platform, Bit4You, said it was suspending its activities after CoinLoan, one of its main service providers, was declared insolvent by an Estonian court. CoinLoan, a crypto lending company based in the Baltic state, also no longer has the required registration as a custodian…