By Madeline Halpert Maryland’s governor has provided early details of his plan to clean up wreckage after a cargo ship hit a major bridge Baltimore, killing six. To help, the Biden administration has approved $60m (£47m) in emergency funds that Maryland had requested. Governor Wes Moore outlined how they intended to clear debris, remove the […]
By Suranjana Tewari When India’s Tata Group bought the country’s national airline, it was welcomed as something of a miracle. Air India had been mired in debt and under-funded state management for decades. No-one wanted even a piece of the iconic but loss-making carrier. But a deal was struck in 2021, just as the world […]
Since Bumble’s blockbuster IPO at the height of the pandemic, investors’ ardor with the dating service has cooled. At least, Bumble’s shares trade at roughly $11 per share right now, a far cry from the $76 where they ended on its first day as a public company in February 2021. Of course, investors are fickle, […]
On Thursday, a federal judge sentenced former FTX CEO Sam Bankman-Fried to 25 years in prison after he was found guilty on seven charges of wire fraud and money-laundering. The scam he pulled was fairly simple: He and his partners created an exchange, FTX, that took customer deposits to invest in and trade cryptocurrencies. Some […]
Charities had warned some people struggling with debt could not afford to apply to clear it. Source link
Swedish fashion brand Filippa K has appointed Marie Forssenius to the role of CEO, effective immediately. Marie Forssenius – Courtesy Forssenius’ promotion from acting CEO marks an important milestone in the Stockholm label’s trajectory of international expansion, propelled by a renewed focus on its founding heritage and DNA, according to a press release. Having served as […]
By Priti Gupta Refining gold has a long history in the family of Satish Pratap Salunke. Following in the footsteps of his father and grandfather, he and his business collect scrap gold from jewellers, melt it down and sell it back to the jewellers in the form of gold bars. He has two refineries, one […]
By Bloomberg Published Mar 29, 2024 Luxury watchmaker Favre Leuba plans to unveil more than two dozen timepieces later this year, priced as much as 24,000 Swiss francs ($26,489), as part of a brand relaunch that seeks to expand the Swiss pioneer’s appeal beyond its majority Indian consumer base. Bloomberg Watchmaker Abraham Favre started a […]
By Reuters API Published Mar 29, 2024 Superdry CEO and top shareholder Julian Dunkerton will not be making an offer for the company, the parties said on Thursday, and the struggling British fashion chain also snagged an extension to a loan facility to help its turnaround plans. Reuters Dunkerton, who holds a 26% stake in […]
By AFP Published Mar 29, 2024 Italian influencer Chiara Ferragni, caught up in a probe over alleged fraud in endorsement deals, will not return to the board of luxury shoemaker Tod’s, company documents revealed Thursday. See catwalkTod’s – Fall-Winter2023 – Womenswear – Milan Di.Vi. Finanziaria, the majority owner of Tod’s, published a list of nine […]