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1-10 results from 1000 for query «debt»

January 14, 2019 9:12 AM New Look to slash debt by £1bn to restore profitabilty

The South African-owned company warns that conditions in the UK retail market continue to be challenging.  The company, which is closing its remaining 120 stores in China as well as 60 stores in the UK to return to profitability, said it had agreed with key shareholders to slash its debt from £1.35bn to £350m. It will raise £150m in new money to finance 139

December 21, 2018 8:22 PM EU set for ECONOMIC CRISIS: Expert warns of MAJOR imbalance

TWO top German economists have warned of a major imbalance in the eurozone payments system, warning the “billion-dollar risks” must be corrected immediately. Clemens Feust, president of one of Germany’s largest economic think-tanks and most influential research institutes, joined his predecessor Hans-Werner Sinn in calling for European leaders to act quickly 96

December 5, 2018 4:23 AM Takeda gets shareholder approval for £46bn Shire takeover

Takeda Pharmaceutical has secured shareholder approval for a £46bn ($59bn) takeover of UK-listed drugmaker Shire, clearing the way for Japan's largest ever corporate acquisition. The deal, which needs to be approved by Shire's shareholders, will also saddle the Japanese firm with debt. It follows a long-running battle that saw Takeda make multiple offers 43

December 3, 2018 10:06 AM Cracks in EU: Crunch EU meeting today will FORCE Italy to come to heel

ITALY’S budget is back on the table in Brussels with eurozone’s finance ministers meeting again to discuss national draft budgets for next year. The cash-strapped country’s proposals have already been rejected by the EU because it fails to lower massive public debt but the government then refused to make changes to prevent a disciplinary procedure that could 110

November 21, 2018 11:44 AM Italy facing EU punishment as Brussels rejects Rome's populist budget

EUROPEAN Union officials have rejected the Italian budget paving the way for possible sanctions in unprecedented backlash at a member state. The European Commission set out plans to sanction Italy for its 2019 draft budget proposal, which they argue could act as a contagion for a Continent-wide economic disaster. A statement by Brussels’ powerful executive 80

November 21, 2018 10:46 AM How EU will PUNISH Italy for DISOBEDIENCE

THE European Commission is likely to take the first step in EU disciplinary proceedings against Rome, a process which could lead to fines, a freeze of EU funds and EU monitoring of Italy's issuance of new sovereign bonds. The ministers would also probably adopt Commission recommendations on what Italy should do to comply with EU rules, and set a deadline 68

November 18, 2018 10:23 AM Domestic slave's bid for freedom after 10 years

'Marish' is a 52-year-old Hungarian woman who, for a decade, has been kept by a family as a domestic slave. She has been exploited by working entirely unpaid, as a housekeeper. In exchange, she only gets cigarettes, leftovers and a couch to sleep on. The money she earns from night shifts in a factory is taken away from her. Deprived of her ID and deep in forced 39

November 14, 2018 7:47 AM EU CRISIS: Italy DEFIES Brussels over budget spending plans

ITALY remains on a collision course with the EU after refusing to change its budget plan. The European Commission had given Rome a deadline of midnight to respond to its demands. Brussels could now launch an “excessive deficit procedure” (EDP) against Italy as early as November 21. The EDP could see the Commission impose financial penalties of up to 0.5 per cent of GDP, which 65

November 12, 2018 2:02 AM US economic CRISIS: US will spend more on debt than the MILITARY by 2023, report reveals

THE US will spend more on interest payments for its colossal debt than the military by 2023, according to shocking new figures, raising questions about the long-term stability of the American economy. The worrying figures were released by the Congressional Budget Office which tracks spending by the US government. Last year the US spent $263billion (£203billion) 65

November 9, 2018 6:45 PM Ryanair passengers STRANDED as plane SEIZED by authorities over UNPAID debt

Nearly 150 passengers were stranded after the London-bound flight was commandeered at Bordeaux Airport on Thursday. A row over French subsidies Ryanair was paid for flights from Angouleme airport in the Charente region between 2008 and 2009 was blamed for the Boeing 737’s seizure. The French Civil Aviation Authority (DGAC) grounded the Boeing 737 with 149 passengers 51