A surrise, eh?
As liquidators take over the debt-ridden property giant, which owes more than $300bn to banks and bondholders, critics now question who should take responsibility for Evergrande’s downfall. According...
View ArticleOne of those little Russian details
A Russian deputy defence minister has been detained on suspicion of bribe-taking, the country’s top law enforcement agency has said, a rare move amid the offensive in Ukraine. The investigative...
View ArticleAhhh
Shares in Aston Martin plunged by as much as 14pc on Wednesday after the struggling luxury carmaker revealed losses almost doubled in the first three months of the year. The company said it had sunk...
View ArticleWord, this is a surprise
PwC is facing a backlash from its own staff amid allegations that Middle Eastern partners prevented the appointment of a woman as the firm’s new boss. Senior partners in London are understood to...
View ArticleThis is drivel
Fossil fuel companies are forcing governments to compensate them for lost earnings in the transition to a low-carbon global economy, and destroying the world’s ability to counter their harmful...
View ArticleWell, yes, true
It isn’t just the way our cars are powered that is altering in profound ways – the way they are sold is changing dramatically too. It is a shift so radical that some believe it could herald the death...
View ArticleThere’s your solution then
Ryanair reports record €1.9bn profit as Amber Rudd joins board Amber will soon cure that.The post There’s your solution then first appeared on Tim Worstall.
View ArticleIt’s possible to see why shipbuilding left these isles
The embattled shipyard that built the Titanic is facing the threat of strikes over plans to force workers to come in on Fridays. Members of the GMB union at Harland & Wolff’s Belfast shipyard...
View ArticleToday’s business idea
We need something that uses electricity, where the cost of the electricity is the or a major cost, which produces something saleable and can be run on an intermittent basis. This should also be...
View ArticleThat Elon Musk’s no good at his job
Two US astronauts will be left on the International Space Station (ISS) for almost two weeks longer than planned because of faults with the Boeing spacecraft designed to return them to Earth. Nasa said...
View ArticleD’ye recall how Hertz went bust?
The value of used cars fell. The used car fleet they’d financed with bonds. The bonds had a clause in there meaning the capital value must be maintained – by cash movements from the company into the...
View ArticleWhat an idea!
The chancellor insisted there would be a clear distinction between the NWF and GB Energy, another publicly owned company proposed by Labour. While GB Energy will focus on the “production of clean, low...
View ArticleEh?
British Airways comes to rescue of England fans with more flights and bigger planes for final Supporters had been facing travel misery for Euro 2024 showdown with Spain in Berlin due to lack of direct...
View ArticleWhich way to tell the story?
China’s plot to seize control of the global jet market OK, that’s one way. After years of market dominance, the Boeing-Airbus duopoly is facing its biggest threat yet That’s another. Wily orientals are...
View ArticleOh My
Advisers at Interpath, who are attempting to rescue the company, said in a recent filing that they had struggled to locate millions of pounds. In a report to creditors, they have said they were...
View ArticleUhn Hunh, yes…..
Boohoo is in a stand-off with suppliers after the struggling fast-fashion seller withheld payments over claims the quality of clothing was too poor. Seconds always exist etc. So do companies trying to...
View ArticleGot to give the bloke credit
Well, OK, maybe not actually lend him any money but: The Indian-British businessman Sanjeev Gupta has described how companies within his steel conglomerate used stamps and digital images of his...
View ArticleTo explain the background here
The former boss of Molton Brown is set to take charge of The Body Shop in a rescue deal that will keep 133 branches open. Administrators at FRP said they had sold The Body Shop to a consortium led by...
View ArticleSo, who do you trust to get this right?
Companies forcing staff back into the office full-time are “dinosaurs” who wrongly believe their staff are “snowflakes”, according to the professor who coined the term “presenteeism”. Sir Cary Cooper,...
View ArticleSo here’s a question for you
The owner of a £3 million Georgian mansion has claimed low-flying planes landing at Heathrow Airport are damaging his manor house. Daljit Bhail, 54, says the planes are “extremely dangerous” for his...
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