Muscat: Residents and citizens of Oman who are short on assets and finding it difficult to fund themselves and their families can claim bankruptcy legally under the law. In a series of articles about Omans rules and regulations, entitled Know Oman, experts guide readers on their rights and responsibilities while working and living in Oman.…
DetailsA mother of triplets in eastern China offered her sons for adoption on a live-streaming social media platform after her gambling debt-laden husband abandoned her when the children were barely four weeks old. Her husband, surnamed Zhao, returned after the incident was covered by local media, Zhejiang-based news site Thehour.cn reported on Monday. The mothers…
DetailsLloyds Banking Group is planning a major restructuring of its workforce, adding 2,000 jobs as it refocuses its operations on digital technology. Britains biggest high street lender will cut 6,000 jobs but create another 8,000 as part of a 3bn reorganisation over the course of the next two years. The job losses will be spread…
DetailsVerizon Communications Inc.s new chief executive is restructuring the carriers business lines, including its massive wireless business, in one of the first major organizational changes under his leadership. Hans Vestberg is reorganizing the companys divisions by the types of consumers served, rather than by the type of service provided, the company said Monday. The customers…
DetailsDear Sir / Madam, We would like to inform you that meeting of the 07th Committee of Creditors of Sterling Biotech Limited is scheduled to be held on Tuesday, 06th November 2018 at 11.00 A.M. IST at Mayfair Banquets, 254-C Dr. Annie Besant Road, Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra, India. You are requested to…
DetailsUS-based department store chain Sears Holdings has sought court approval to sell its Sears Home Improvement business (SHIP) through a stalking horse asset purchase agreement with Service.com for approximately$60m in cash. The sale process will be conducted under Section 363 of the US Bankruptcy Code and has received approval from the companys restructuring committee featuring…
DetailsANDREW PIERCE: Labour deputy leader Tom Watson hedges his bets over gambling row after Tracey Crouch resigns By Andrew Pierce for the Daily Mail Published: 12:58 AEDT, 5 November 2018 | Updated: 12:58 AEDT, 5 November 2018 View comments Several Cabinet ministers and influential backbenchers have rallied behind Tracey Crouch since she quit the Government…
DetailsImage copyright Getty Images Image caption President Xi and African leaders at the FOCAC summit in Beijing, September 2018 Africa is facing a looming debt crisis, say leading development economists. “Almost 40% of sub-Saharan African countries are in danger of slipping into a major debt crisis” according to the Overseas Development Institute, ahead of a…
DetailsSlowing demand for mortgages is weighing on the banking industrys revenue. Westpac expects housing credit growth to ease to 4% next year. CEO Brian Hartzer says this is putting additional pressure on banks to focus on costs. Westpac, announcing a flat profit result of $8 billion over the full year, says slowing demand for housing…
DetailsA senior Church of England bishop today launched a blistering attack on the governments delay in introducing limits on fixed-odds betting terminals. In an online article for the Observer, the bishop of St Albans said the new 2 limit on stakes down from 100 should be introduced at the earliest possible opportunity if more people…
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