Zhongzhi Enterprise Group: Chinese shadow bank files for bankruptcy
The troubled firm reportedly told investors in November its liabilities had outstripped its assets.
The troubled firm reportedly told investors in November its liabilities had outstripped its assets.
Business & Finance 21 November 2023, 2:14 pm 1 minute Reuters exclusively reported that India’s Jindal Power Ltd, the only company whose expression of interest to take over Go First was accepted by creditors, has decided to not follow through with a bid, three people familiar with the plans said, pushing the insolvent airline closer…
Over the course of nearly 100 years, Central Casting has come to dominate the TV and film industry as a major source of employment for thousands of actors across networks, studios, and streaming platforms. But current and former employees say that power has gone unchecked internally, creating what they say is a toxic workplace where…
Business & FinanceDeals 30 November 2023, 5:22 am 1 minute Reuters was first to report a debt crunch at Swedish property group SBB has left the European Central Bank at risk of losses and highlighted the 26 billion euro ($29 billion) exposure it built up to Europe’s now stricken real estate sector through its crisis-era…
Food and drink giant Danone will cut the price of its baby formula range sold to UK retailers.
AutomotiveBusiness & Finance 28 November 2023, 4:40 am 1 minute Reuters reported that Bhavish Aggarwal, India’s answer to Elon Musk, is racing to roll out millions of electric scooters and speed his nation to a cleaner future. Some of his mechanics can’t keep up, though. Aggarwal’s Ola Electric, which he likens to Tesla in the…
Many Main Street businesses could be playing with fire — literally — by not maintaining appropriate levels of business insurance coverage, especially given the spate of natural disasters affecting multiple areas of the U.S. Skimping on property damage and business interruption coverage is understandable to some extent, given the cost. While the price of a…