By Christian Moess Laursen Tata Steel said it expects up to 2,800 employees will be affected by a restructuring of its U.K. business as it seeks to reverse more than a decade of losses and transition to a sustainable steel business from the legacy blast furnaces. The Indian multinational steel-making company said Friday that around…
DetailsTata Steel Ltd. has announced the restructuring of its UK business and has initiated statutory consultations for the same. Under this restructuring exercise, up to 2,800 employees are expected to be potentially affected, out of which, 2,500 roles will be impacted in the next 18 months. The remaining 300 roles could be impacted in three…
DetailsTopline The Biden administration announced Friday its canceling approximately $5 billion in student debt relief, largely for public servants, the latest incremental step the White House has taken on student loan forgiveness, even though its more ambitious student loan relief program was thwarted by the Supreme Court. Key Facts The administration approved debt relief for…
DetailsThe creditors of Chilean salmon farmer Nova Austral have approved a restructuring plan aimed at preventing liquidation of the company, according to local media reports. On Jan.17, all parties reached an agreement to restructure the company’s debt and transfer ownership of the company to its main creditors. The two largest creditors are bondholders, a group…
DetailsThe White House Today, my Administration approved debt cancellation for another 74,000 student loan borrowers across the country, bringing the total number of people who have gotten their debt cancelled under my Administration to over 3.7 million Americans through various actions. Of the 74,000 borrowers approved for relief today, nearly 44,000 of them are teachers,…
DetailsThe creditors of Chilean salmon farmer Nova Austral have approved a restructuring plan aimed at preventing liquidation of the company, according to local media reports. On Jan.17, all parties reached an agreement to restructure the company’s debt and transfer ownership of the company to its main creditors. The two largest creditors are bondholders, a group…
DetailsThe creditors of Chilean salmon farmer Nova Austral have approved a restructuring plan aimed at preventing liquidation of the company, according to local media reports. On Jan.17, all parties reached an agreement to restructure the company’s debt and transfer ownership of the company to its main creditors. The two largest creditors are bondholders, a group…
DetailsAn Australian blockchain start-up lauded as the future of banking and backed by some of the countrys biggest financial institutions has collapsed. News.com.au can reveal that Lygon went into liquidation with debts of $14.3 million last year, according to a statutory report lodged with the corporate regulator at the end of 2023. Lygon, headquartered in…
DetailsThe creditors of Chilean salmon farmer Nova Austral have approved a restructuring plan aimed at preventing liquidation of the company, according to local media reports. On Jan.17, all parties reached an agreement to restructure the company’s debt and transfer ownership of the company to its main creditors. The two largest creditors are bondholders, a group…
DetailsStates regulate insurance companies, and all 50 states have systems in place to protect policyholders if an insurance company goes out of business. That means youre not totally out of luck if your insurance company goes under. Its important to understand how the process works and what sort of protection it offers. Better yet, know…
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