by German Press Agency – DPA Jun 28, 2020 10:20 am Lufthansa’s biggest shareholder, Heinz Hermann Thiele, has said restructuring the German airline could take five to six years, in comments to the Bild am Sonntag newspaper published Sunday. It was announced Thursday that the German government will take a 20% stake in Lufthansa, clearing…
DetailsRugby Australia is expected to start laying off staff as early as this week after finally completing its 2019 financial report. The heartbreaking decision to cut jobs looms as the only way the cash-strapped code can survive in the future even after getting the thumbs up to continue operating from its accountants KPMG. Despite being…
Detailsby German Press Agency – DPA Jun 28, 2020 10:20 am Lufthansa’s biggest shareholder, Heinz Hermann Thiele, has said restructuring the German airline could take five to six years, in comments to the Bild am Sonntag newspaper published Sunday. It was announced Thursday that the German government will take a 20% stake in Lufthansa, clearing…
DetailsFor five years, gambling addict Katie has sought to repeat the adrenaline rush of bagging her first 10,000 win. Instead, online gaming has ruined her life and left her in despair. Furloughed from work, she fears she has run up debts of 9,000 during lockdown which she has hidden from her husband. Ive gambled for…
DetailsGerman payments provider Wirecard said Saturday that it would continue to operate despite filing for insolvency following a vast accounting fraud scandal. The group admitted this week that 1.9 billion euros ($2.1 billion) missing from its accounts likely does not exist, in a spiralling saga that has stunned Germany and evoked memories of the Enron…
DetailsPhotograph: Shutterstock The coronavirus pandemic and ensuing shutdown have had a massive impact on restaurants, with industry sales at one point cut in half compared tolast year. Some chains that had been struggling before the pandemic were unable to weather the storm. Seven chains have declared bankruptcy, though thesemay well be the tip of the…
DetailsSri Lankas request to India for a postponement of its debt repayment amidst the current economic crisis is under consideration, say officials, though no decision has been taken, more than four months after the request was made personally by Sri Lankan Prime Minister Mahinda Rajapaksa to Prime Minister Narendra Modi. On Saturday, Mr. Rajapaksa renewed…
DetailsA CONSTRUCTION company that billed itself as Brisbane’s premier home extension and renovation business is being wound up after going into liquidation owing more than $1 million. Total Lifestyle Builders Pty Ltd is insolvent and appointed Jarvis Archer from Revive Financial as liquidator on June 18 to wind up its affairs. Mr Archer said according…
DetailsRugby Australia is expected to start laying off staff as early as this week after finally completing its 2019 financial report. The heartbreaking decision to cut jobs looms as the only way the cash-strapped code can survive in the future even after getting the thumbs up to continue operating from its accountants KPMG. Despite being…
DetailsHe orders a Voyager Estate chardonnay and confesses to having once owned the Smithbrook winery in Pemberton, Western Australia, in partnership with his best friend, the late David Clarke, one of the founders of Macquarie Group. They later sold Smithbrook to Brian Croser. Ferrier, 79, is a former chairman of Australian Vintage, which owns McGuigan…
Details