Darwin Airline Saab 2000 Aero Icarus for Wikipedia Swiss regional carrier Darwin Airline has been declared bankrupt, after attempts to resolve its financial problems failed. The Lugano, Switzerland-based carrier had in recent years traded as Etihad Regional until the Abu Dhabi carrier sold its 33.3% shareholding to Luxembourg-based private equity fund 4K Invest in July…
DetailsIt is ironical that while the 2017 Forbes India List says that the combined net worth of Indias 100 wealthiest stood at a whopping $479 billion, top corporate borrower groups in India are unable to repay loans and make timely interest payments. Tackling NPAs The government has taken the high moral ground to deal with…
DetailsPhoto courtesy of the Attorney General’s office Photo courtesy of the Attorney General’s office California is suing the Trump administration for what it says is the U.S. Department of Educations refusal to provide debt relief to more than 13,000 students that courts have found were defrauded by the since-shuttered for-profit Corinthian Colleges. Attorney General Xavier…
DetailsBy Reuters Published: 22:07 AEDT, 15 December 2017 | Updated: 22:42 AEDT, 15 December 2017 e-mail FRANKFURT, Dec 15 (Reuters) – German sex shop group Beate Uhse has filed for insolvency after failing to secure financing from a group of investors. The company, started in 1946 by a former female pilot with the same name,…
DetailsFormer Plymouth Argyle goalkeeper Rab Douglas is emerging from a dark period of his life as an investment left him declared bankrupt at the start of 2017. Douglas, who was loaned to the Pilgrims as an emergency in March 2008, was a director with Eclipse Film Partners No.4 and they allowed investors the chance to…
DetailsTop state law enforcement officials sued Education Secretary Betsy DeVos on Thursday for failing to process debt relief claims submitted by former Corinthian Colleges students. (Jim Lo Scalzo/EPA-EFE/REX/Shutterstock) Pressure is mounting on Education Secretary Betsy DeVos to take action on thousands of federal student loan forgiveness applications languishing at the U.S. Department of Education. On Thursday, California Attorney…
DetailsLondon (AFP) – Ryanair on Friday offered to recognise unions for the first time as the Irish no-frills airline faces its first strike action by pilots going into the festive period. Ryanair offers union recognition as pilot strikes loom “Christmas flights are very important to our customers and we wish to remove any worry or…
DetailsAdministrator KordaMentha intends grilling some of the directors and executives of Arrium in a public examination in court, as it investigates possible breaches of directors duties and potential misleading conduct over the drawing down of a last-minute refinancing facility and other loans in early 2016, just before the steel company collapsed. A report to creditors by KordaMentha, which sold the…
DetailsF ive years ago, Companion DX Reference Lab hoped to cash in on cutting-edge genetic tests paid for by Medicare. The Houston lab marketed a test to assess how a persons genes affect tolerance for drugs such as opiates used to treat chronic pain. It also ran DNA tests to help treat cancer and urine…
DetailsSINGAPORE: From January next year, borrowing rules will be tightened for those heavily in debt, the Monetary Authority of Singapore (MAS) announced on Friday (Dec 15). A borrower with outstanding unsecured debts exceeding six times his monthly income will not be able to tap on new unsecured credit lines. This means he cannot get an…
Details