Embracer Group, which was once on an endless shopping spree, is now dumping its first-party studios as part of the ongoing business restructuring. This time, the victim was Red Faction and Saints Row developer Volition, not to mention layoffs at Gearbox Publishing. Read the full article at: https://gameworldobserver.com/2023/09/01/embracer-volition-shutdown-gearbox-layoffs-restructuring
DetailsIntroduction The year 2023 brings once again a catastrophic toll in terms of the victims of European migration policies. On 22 June 2023, a decrepit trawler from Libya sank off the Peloponnese, leaving hundreds of victims. On 13 July 2023, another migrant boat from Sfax in Tunisia capsized off Lampedusa, killing around forty. A few…
DetailsPrathyusha Agarwal, the Chief Business Officer of Indian ed-tech startup Byjus, along with two other top-ranking executives, namely Himanshu Bajaj and Mukut Deepak, have stepped down from their roles at the company. This move comes amid a significant restructuring of Byjus business operations in a bid to achieve profitability and sustainable growth. Agarwal, who previously…
DetailsSarah OBrien, 41, stole over 6,000 from Susan Hopkins who is being cared in Barry. OBrien, of Port Road, Rhoose was one of three people placed in the highly trustworthy position of being a signatory for her bank account. Ms Hopkins, 63, who is so severely disabled she has no understanding of what happened to her,…
DetailsAs many as 30 councils are at risk of bankruptcy and the UKs local government funding system is completely broken, according to a new survey of the sector. Four councils Slough, Croydon, Thurrock and most recently Woking have declared themselves bankrupt in recent years, but according to a survey of 47 local authorities in the North,…
DetailsThe National Company Law Appellate Tribunal (NCLAT) is set to hear the IDBI bank‘s plea against Zee Entertainment related to insolvency proceedings on Thursday. “Learned Counsel for Appellant prays for and is allowed a weeks time to file the Additional Affidavit,” said the NCLAT bench, comprising Chairperson Justice Ashok Bhushan and Member Barun Mitra, reported…
DetailsThe property sector in China, which once accounted for about 30 per cent of the countrys GDP, is deeply connected, not just to its banking system, but its shadow banking sector, or trust industry. The trusts raise funds from households and companies by offering far higher returns than conventional banks (as much as 8 per…
Details(Bloomberg) — Digital health firm Babylons UK business has been rescued by a US provider of in-home testing kits as part of an insolvency process. Most Read from Bloomberg Babylons UK arm, which provides doctor appointments to private and National Health Service (NHS) patients, has been sold to eMed Healthcare in a move that should…
DetailsThe average time taken for resolution or liquidation of bad loans facing corporate insolvency resolution process (CIRP) has increased to a three-year high for all stakeholders in the first quarter of the current fiscal, says a India Ratings and Research report. The timelines for the resolution of cases under CIRP or Insolvency and Bankruptcy Code…
DetailsStreet Talk Aug 31, 2023 5.00am While the attention has been firmly on GenesisCares up-for-sale operations in the United States, some lenders are beginning to toy with the idea of a voluntary administration for the cancer services providers local operations. GenesisCare is the largest operator of cancer care clinics in the country. Michele Mossop It is…
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