Tag #Financial Crisis

Showing 37 to 48 of 98 results

cincodias.elpais.com
🌐 85% Global Worthiness
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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

Decent Work and Economic Growth
nos.nl
🌐 75% Global Worthiness
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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.

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40% Bias Score

Decent Work and Economic Growth
welt.de
🌐 85% Global Worthiness
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Porsche Invests Heavily to Counter Crisis, Accepts Lower Profit Margin

Porsche announced a significant investment to counter a financial downturn, expecting a reduced operating margin (10-12 percent in 2023) due to new model development and market challenges; the company aims for long-term growth despite short-term financial strain and recent executive changes.

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44% Bias Score

Responsible Consumption and Production
forbes.com
🌐 85% Global Worthiness
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Bitcoin's \$100,000 Surge Sparks Fears of Market Collapse

Bitcoin's price exceeded \$100,000 following Trump's election, prompting Elliott Management to warn of an "inevitable collapse" due to Trump's crypto support and investor speculation, potentially threatening the U.S. dollar's dominance.

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76% Bias Score

Reduced Inequality
abcnews.go.com
🌐 75% Global Worthiness
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Walgreens Suspends Dividend After 90+ Years, Stock Plunges 11%

Walgreens Boots Alliance Inc. suspended its dividend after more than 90 years, causing an 11% stock drop in premarket trading due to financial challenges including legal issues, rising costs, and reduced consumer spending; the company plans to close 1200 stores.

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40% Bias Score

Decent Work and Economic Growth
zeit.de
🌐 75% Global Worthiness
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NWL Takes Over Financially Troubled Eurobahn

The financially struggling German regional railway company Eurobahn will be temporarily taken over by the Zweckverband Nahverkehr Westfalen-Lippe (NWL) for a symbolic one euro, securing regional rail services in Westfalen-Lippe until a private investor is found by 2027.

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36% Bias Score

Industry, Innovation, and Infrastructure
theguardian.com
🌐 75% Global Worthiness
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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...

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56% Bias Score

Quality Education
cnn.com
🌐 85% Global Worthiness
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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.

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44% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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Bitcoin Surges to $110,000 Amid Trump's Pro-Crypto Stance, but Trade War Fears Loom

Following Donald Trump's U.S. presidential victory, Bitcoin's price soared to almost $110,000, driven by Elon Musk's leaked White House crypto plans and increased Wall Street adoption; however, concerns of a $4 trillion crypto bubble and a potential global trade war fueled by Trump's tariffs on Cana...

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48% Bias Score

Reduced Inequality
nrc.nl
🌐 75% Global Worthiness
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D-reizen Bankruptcy Primarily Caused by COVID-19 Pandemic

The bankruptcy of Dutch travel agency D-reizen in April 2021, impacting 1200 employees and thousands of customers, was primarily caused by the COVID-19 pandemic's drastic reduction of its €550 million annual turnover to €25 million, despite an investigation clearing its leadership of financial wrong...

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40% Bias Score

Decent Work and Economic Growth
elmundo.es
🌐 75% Global Worthiness
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RTVE to Use Reserve Fund to Cover €30 Million Loss

RTVE, Spain's public broadcaster, reported €30 million in losses for 2024, exceeding its budget despite additional funding for major sporting events; the broadcaster will utilize its reserve fund to cover the deficit, a measure not taken since 2019.

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48% Bias Score

Responsible Consumption and Production
cincodias.elpais.com
🌐 75% Global Worthiness
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Santander UK Chairman Resigns Amidst Strategic Shift and Legal Challenges

Santander UK chairman William Welker resigned Tuesday, triggering a search for a successor amidst strategic shifts, including potential job cuts and a focus on US expansion, and following a £350 million provision for a British court ruling on auto loan practices.

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52% Bias Score

Decent Work and Economic Growth

Showing 37 to 48 of 98 results