Star Entertainment Faces Collapse, Desperately Seeks Funding
Star Entertainment is urgently seeking funding to avoid insolvency after failing to secure enough money to meet near-term payments. The company's board is reviewing liquidity proposals, and its half-year results are dependent on securing funding to continue operating.
Star Entertainment Faces Collapse, Desperately Seeks Funding
Star Entertainment is urgently seeking funding to avoid insolvency after failing to secure enough money to meet near-term payments. The company's board is reviewing liquidity proposals, and its half-year results are dependent on securing funding to continue operating.
Progress
56% Bias Score
Porsche Appoints New CFO and Sales Chief Amidst Restructuring
Porsche announced Jochen Breckner as the new CFO and Matthias Becker as the new sales chief, replacing Lutz Meschke and Detlev von Platen, respectively, due to a sales slump in China and internal power struggles; the company also announced restructuring measures, including job cuts and revised produ...
Porsche Appoints New CFO and Sales Chief Amidst Restructuring
Porsche announced Jochen Breckner as the new CFO and Matthias Becker as the new sales chief, replacing Lutz Meschke and Detlev von Platen, respectively, due to a sales slump in China and internal power struggles; the company also announced restructuring measures, including job cuts and revised produ...
Progress
56% Bias Score
French Athletics Federation Faces €3 Million Deficit
The French Athletics Federation (FFA) revealed a €3 million deficit following the December 14 election of Jean Gracia as president, prompting an investigation into the causes and plans for financial recovery.
French Athletics Federation Faces €3 Million Deficit
The French Athletics Federation (FFA) revealed a €3 million deficit following the December 14 election of Jean Gracia as president, prompting an investigation into the causes and plans for financial recovery.
Progress
44% Bias Score
Nikola Files for Bankruptcy After Founder's Fraud Conviction
Troubled electric vehicle maker Nikola, after founder Trevor Milton's fraud conviction and dwindling funds, filed for Chapter 11 bankruptcy protection with $47 million in cash, planning limited operations until March, pending court approval.
Nikola Files for Bankruptcy After Founder's Fraud Conviction
Troubled electric vehicle maker Nikola, after founder Trevor Milton's fraud conviction and dwindling funds, filed for Chapter 11 bankruptcy protection with $47 million in cash, planning limited operations until March, pending court approval.
Progress
52% Bias Score
Telefónica Perú Files for Bankruptcy Amidst Mounting Losses and Tax Disputes
Telefónica Perú declared bankruptcy in 2024 due to a net loss of 3.391,59 million soles (872 million euros), a 452.83% increase from the previous year, primarily caused by long-standing tax disputes with SUNAT totaling 2.473 million soles (634.5 million euros) and high competition.
Telefónica Perú Files for Bankruptcy Amidst Mounting Losses and Tax Disputes
Telefónica Perú declared bankruptcy in 2024 due to a net loss of 3.391,59 million soles (872 million euros), a 452.83% increase from the previous year, primarily caused by long-standing tax disputes with SUNAT totaling 2.473 million soles (634.5 million euros) and high competition.
Progress
40% Bias Score
Amsterdam's €200 Million Payment Backlog Cripples Businesses
Amsterdam faces a €200 million payment backlog due to technical issues with its new invoicing system (Afis) launched in early 2024, affecting 28,866 invoices to freelancers and businesses, prompting emergency measures and political debate.
Amsterdam's €200 Million Payment Backlog Cripples Businesses
Amsterdam faces a €200 million payment backlog due to technical issues with its new invoicing system (Afis) launched in early 2024, affecting 28,866 invoices to freelancers and businesses, prompting emergency measures and political debate.
Progress
40% Bias Score
Vatican's Financial Crisis Deepens Amidst Pope's Illness
Facing internal opposition, Pope Francis, hospitalized with pneumonia, ordered a new commission to increase donations to the Vatican, which has a growing deficit and substantial pension fund liabilities.
Vatican's Financial Crisis Deepens Amidst Pope's Illness
Facing internal opposition, Pope Francis, hospitalized with pneumonia, ordered a new commission to increase donations to the Vatican, which has a growing deficit and substantial pension fund liabilities.
Progress
48% Bias Score
UK Universities' Global Leadership Undermined by Financial Crisis
UK universities educated 50 world leaders in 2022, exceeding all other countries, but face a severe financial crisis with 75% of English institutions projected to be in debt by 2025-26 due to insufficient tuition fees and declining international student enrollment.
UK Universities' Global Leadership Undermined by Financial Crisis
UK universities educated 50 world leaders in 2022, exceeding all other countries, but face a severe financial crisis with 75% of English institutions projected to be in debt by 2025-26 due to insufficient tuition fees and declining international student enrollment.
Progress
44% Bias Score
CD Tenerife Faces Existential Crisis Amidst Relegation Battle and Internal Conflict
CD Tenerife, a Spanish football club, is facing a severe crisis; the club is near relegation, its president resigned due to a lack of control, and major shareholders are embroiled in legal disputes and power struggles.
CD Tenerife Faces Existential Crisis Amidst Relegation Battle and Internal Conflict
CD Tenerife, a Spanish football club, is facing a severe crisis; the club is near relegation, its president resigned due to a lack of control, and major shareholders are embroiled in legal disputes and power struggles.
Progress
52% Bias Score
Star Entertainment Faces Imminent Financial Collapse
Star Entertainment, an Australian casino operator, is critically short of cash, with only ten days of funds left due to a $35 million monthly burn rate, and faces potential administration due to $430 million in debt and ongoing legal costs, despite holding assets valued at $800 million.
Star Entertainment Faces Imminent Financial Collapse
Star Entertainment, an Australian casino operator, is critically short of cash, with only ten days of funds left due to a $35 million monthly burn rate, and faces potential administration due to $430 million in debt and ongoing legal costs, despite holding assets valued at $800 million.
Progress
76% Bias Score
England's OfS Faces Criticism for Disproportionate Fees on Smaller Universities
University leaders in England are criticizing the Office for Students (OfS) for its fee structure, which charges smaller institutions up to 20 times more per student than larger universities, exacerbating financial pressures within the sector during a financial crisis and potentially impacting educa...
England's OfS Faces Criticism for Disproportionate Fees on Smaller Universities
University leaders in England are criticizing the Office for Students (OfS) for its fee structure, which charges smaller institutions up to 20 times more per student than larger universities, exacerbating financial pressures within the sector during a financial crisis and potentially impacting educa...
Progress
56% Bias Score
Nissan-Honda Merger Talks Collapse Amidst Nissan's Financial Crisis
Nissan and Honda terminated their merger talks, which would have created the world's third-largest carmaker, due to disagreements on business integration structure; Nissan, facing financial struggles and high EV development costs, is now seeking new partnerships.
Nissan-Honda Merger Talks Collapse Amidst Nissan's Financial Crisis
Nissan and Honda terminated their merger talks, which would have created the world's third-largest carmaker, due to disagreements on business integration structure; Nissan, facing financial struggles and high EV development costs, is now seeking new partnerships.
Progress
44% Bias Score