On Tuesday, the Committee on Budgets approved Belgiums request for support from the European Globalisation Adjustment Fund for Displaced Workers (EGF). MEPs acknowledged that the COVID-19 pandemic and the Russian war of aggression against Ukraine have reduced economic competitiveness and have a negative impact on economic growth in Belgium. In recent years, Makro Cash &…
DetailsTaipei, Nov. 7 (CNA) Former P.LEAGUE+ (PLG) CEO Charles “Blackie” Chen () rejoined the league as its vice president on Tuesday, one day after the league announced it was restructuring itself from a company into an association. The PLG announced Chen’s unexpected return only after issuing a statement that the league will be “optimized” into…
DetailsWeWork announced that it has commenced a comprehensive reorganization to strengthen its capital structure and financial performance and best position the Company for future success. The Company maintains the strong support of its key financial stakeholders and has entered into a Restructuring Support Agreement (RSA) with holders representing approximately 92% of its secured notes to…
DetailsHALIFAX, NS / ACCESSWIRE / November 7, 2023 / Meta Materials Inc. (the Company or META) (NASDAQ:MMAT), an advanced materials and nanotechnology company, today announced preliminary positive cost cutting results from the initial stages of restructuring, while signaling its intent to focus on core business lines currently generating revenue and those expected to generate revenue in…
Details[embedded content] What would you do if you had to embark on a crazy road trip with a chance to win big? Quiz Lady, written by Jen DAngelo and directed by Jessica Yu, shows a heartwarming story with funny beats and a strong female cast. Nora Lum stars as Anne, a timid accountant obsessed with…
DetailsEffective leadership is crucial to an organizations success. Yet, the ways businesses manage leadership development (LD) vary widely, encompassing in-house training, third-party external support, formal education qualificationseven the old-fashioned sink or swim approach. LHH, a talent solutions provider, wanted to take the pulse of the future of leadership development. The company polled 1,502 C-level executives…
DetailsNov 6 (Reuters) – WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday after its bets on companies using more of its office-sharing space soured. The move represents an admission by SoftBank (9984.T), the Japanese technology group that owns about 60% of WeWork…
DetailsParis, November 7, 2023 The Capgemini Group reported consolidated revenues of 5,480 million in Q3 2023, down -1.3% at current exchange rates and up +2.3% at constant exchange rates* year-on-year. Aiman Ezzat, Chief Executive Officer of the Capgemini Group, commented: The Group delivered a solid performance in the third quarter in a challenging economic environment.…
DetailsIt finally happened. After years of speculation, handwringing, and infusions of capital, coworking pioneer WeWork has entered bankruptcy, the culmination of one of the biggest destructions of value in real estate history. The question now is: what’s next? For WeWork itself, the bankruptcy process is likely to be messy and complicated it will look to shed unprofitable locations…
DetailsFormer high-flying startup WeWork Inc. filed for bankruptcy listing nearly $19 billion of debts, a fresh low for the co-working company that struggled to recover from the pandemic. The New York-based company said it had struck a restructuring agreement with creditors representing roughly 92% of its secured notes and would streamline its rental portfolio of…
Details