Abu Dhabi carrier Etihad Airways unveiled a new management structure on Sunday that will see president and chief executive James Hogan take the helm of a wider aviation group. Etihad Aviation Group chairman Mohamed Mubarak Al Mazrouei said the restructuring was designed to better facilitate the management of the carriers stake holdings in other airlines…
DetailsThird bankruptcy of BHS buyer revealed 8 May 2016 From the section Business Image copyright Getty Images Dominic Chappell, whose consortium bought the failed retailer BHS last year, has been declared bankrupt three times, it has emerged. It had been known that Mr Chappell was made bankrupt in 2005, following a dispute with an estate…
DetailsImage copyright Getty Images Dominic Chappell, whose consortium bought the failed retailer BHS last year, has been declared bankrupt three times, it has emerged. It had been known that Mr Chappell was made bankrupt in 2005, following a dispute with an estate agent, and again in 2009 after a failed property scheme. However, he was…
DetailsGerman Vice Chancellor Sigmar Gabriel urged eurozone finance ministers to start talks on debt relief for Greece, saying it made no sense to crush the green shoots of economic recovery with further austerity measures. The finance ministers of the eurozone’s 19 countries are due to meet in Brussels on May 9 to discuss Greece’s debt…
DetailsMay 7, 2016 1:23 p.m. ET FRANKFURTGerman Vice Chancellor Sigmar Gabriel said that Greeces debt burden needed to be reduced, signaling a clash inside the German government as key decisions loom for Athens creditors. Mr. Gabriel, who heads the left-of-center Social Democrats, a junior partner in Chancellor Angela Merkels coalition government, said in comments published…
DetailsGerman Economy Minister Sigmar Gabriel presents the spring economic outlook at a news conference in Berlin, Germany, April 20, 2016. Reuters/Hannibal Hanschke German Vice Chancellor Sigmar Gabriel urged euro zone finance ministers to start talks on debt relief for Greece, saying it made no sense to crush the green shoots of economic recovery with further…
DetailsSouthport Foodbank has received a vital £15,000 boost to enable it to extend its services. North west charity, The Morgan Foundation, will donate £5,000 per year over three years to help underwrite the foodbanks debt management scheme. Last year the service handed out nearly 40,000 meals to local people in crisis but has now also…
DetailsIndia has paved the way to replace its archaic insolvency laws with a new bankruptcy code that would help the countrys banks as they struggle under billions of dollars of bad loans. The law could be confirmed as soon as this week. On Thursday, the Lok Sabha, Indias lower house of parliament, passed the Insolvency…
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DetailsKathryn Thomas had been lined up to speak at the event The company behind a major conference on empowering women has gone into liquidation after poor ticket sales forced the event’s cancellation. The Herizon conference has been due to take place at Dublin’s RDS Simmonscourt over three days at the end of April, but was…
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