Borgward declared bankrupt in China following 2015 relaunch, RM2.94 billion loss sustained last year In Borgward, International News / By Mick Chan / 5 December 2022 11:08 am / 0 comments Chinese-owned German brand Borgward has been declared bankrupt by a court in Beijing, China according to Foton, reports Automotive News Europe, The ruling was…
Details‘You freakin’ idiots’: Dave Ramsey just blasted US universities for promoting online gambling to students and reaping millions in fees. Why young people are the perfect prey Sports betting is surging across America with flashy ads and easily accessible apps encouraging wagers both at home and in stadiums and has slinked its way over to…
DetailsChina has stepped up support measures to alleviate a liquidity squeeze stifling the property sector. (AP PHOTO) China has ordered its top four state-owned banks to issue offshore loans to help developers repay overseas debt, sources have told Reuters, rolling out its latest support measure for the cash-starved property sector. The regulators have given “window…
Details9 million student-loan borrowers received an email in late November with a subject line that their debt relief had been approved. It should have stated the applications had been received, not approved an error made by an Education Department contractor. The content of the email was accurate, but the contractor of the department will soon…
DetailsAlistair Hughes Podular customers say they handed over hundreds of thousands of dollars believing they would be getting their dream home but the houses were never built. In 2019 Charles Innes was discharged from bankruptcy after the failure of several businesses. By the end of the year he was at the helm of a new…
DetailsThe board has amended its regulation to allow IPEs to register as insolvency professionals and perform all their functions, including managing a company’s operations TopicsIBBI|IBC|Insolvency and Bankruptcy Code Abhijit Lele | Mumbai Last Updated at December 3, 2022 19:51 IST Illustration ‘).insertAfter(“.article-content__img”);$(“.article-content__img div”).find(‘div’).remove(); //]]> In a move that might enhance transparency in corporate resolution, the…
DetailsWe see the Land Rover going in and out, but thats about it, says a neighbour of Barry Harte in the quiet West Cork village of Timoleague. The Land Rover and an SUV sit parked outside the former parochial house where Mr Harte and his wife have lived for decades and from where he managed…
DetailsAllied Esports Entertainment has set out plans to restructure its existing esports business operations and expand its focus into a wider range of markets, following the completion of a strategic review. Overseen by its board of directors and assisted by financial advisor Benchmark Company, the review looked at the Allied business as a whole to…
DetailsLaunching a startup often involves incurring debt. Even those that have limited equity are likely to use a loan or credit card. Since the majority of startups are not expected to gain a significant profit for many years, all startup owners should prepare themselves to accrue debt. Luckily, there are ways to efficiently manage your…
DetailsDot Bagel’s Heaton store is set to reopen after a rescue deal was struck following the company’s’ collapse into liquidation last month. Jesmond bakery and caf business Kennedy & Rhind has acquired the Chillingham Road outlet and says it has re-employed the majority of staff following its closure in October. Dot Bagel, which also had…
Details