On its own website, which has now largely disappeared, the company described itself until recently as an energy supplier that has grown enormously in a relatively short period of time. “We are the market leader in the Netherlands in the supply of energy to municipalities and schools.” Now, six years later, DVEP reports that it … Read more
The European Commission (EC) is launching an investigation into the bankruptcy of the Romanian low-cost airline Blue Air Aviation. In particular, Brussels will assess whether the support measures taken by Romania in favor of Blue Air Aviation, in particular the guarantees of a €34 million bailout loan extended in August 2020 and its renewal, comply … Read more
The space launch vehicle ‘Launcher One’ is hanging from a large aircraft of Virgin Orbit. Provided by Virgin Orbit Satellite launcher Virgin Orbit, which suffered from financial difficulties, has entered bankruptcy protection proceedings. Virgin Orbit is a company founded by British billionaire Richard Branson, chairman of the Virgin Group, and uses an aircraft to launch … Read more
Another high-tech industry in Japan has been hit hard JOLED went bankrupt: it can no longer compete with China and South Korea Japan used to be the world’s leading display panel powerhouse. However, in recent years, not only has it been losing ground in LCD panels, but now the OLED panel field has also suffered … Read more
The successive crises related to banks that the world has witnessed in the past years, the most recent of which is the collapse of Credit Suisse and Silicon Valley banks, with the required government intervention, raises questions about the way banks work, which sometimes poses grave risks to the economy. The giant Swiss bank and … Read more
Romanian low-cost airline Blue Air went bankrupt. The Bucharest Tribunal accepted the company’s request on March 21, according to an official announcement on the court’s website, cited by Finance newspaper. Several names are on the list of creditors, including the Romanian Air Traffic Services Administration – ROMATSA, Air Claim, Avram Iancu International Airport in Cluj … Read more
The British Treasury confirmed on Saturday that the problems of the “Silicon Valley Bank”, which closed as a result of its bankruptcy, “are specific” and “have no implications for other banks operating in the United Kingdom.” The closing of Silicon Valley Bank (SVB), in the largest US bankruptcy since the 2008 financial crisis, led to … Read more
Al-Marsad Newspaper: Prince Mishaal bin Khalid bin Farhan Al Saud, General President of Riyadh International Company, the agent for McDonald’s restaurants in Saudi Arabia, narrated the story of his disagreement with the former Minister of Human Resources due to the decision to resettle restaurant managers in the pre-Vision 2030 stage. appointment localization Prince Mishaal bin … Read more
The local rich dad spent tens of millions to buy a basketball training institution. (Schematic / Pexels) It’s great to have such a dad! Recently, a basketball training institution in mainland China went bankrupt due to operational problems, leaving more than 3,000 students without classes. After a parent found out, he bought it directly for … Read more
Johnson & Johnson (J&J) has not been given permission by the court to escape from tens of thousands of lawsuits through bankruptcy. The medical company was sued for talcum powder that was allegedly contaminated with asbestos. The Philadelphia judge’s ruling means J&J will most likely have to defend itself against allegations that contaminated talc in … Read more