Tag #Government Bailout

Showing 1 to 12 of 20 results

elmundo.es
🌐 85% Global Worthiness
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SEPI Issues Comfort Letter to Prevent RTVE Insolvency Amidst 1 Billion Euro VAT Dispute

Spain's SEPI issued a comfort letter to RTVE to prevent its insolvency due to a potential 1 billion euro VAT liability stemming from ongoing disputes with the tax agency since 2017, involving input VAT deductions and the taxation of public service compensation.

Progress

48% Bias Score

Reduced Inequality
lemonde.fr
🌐 75% Global Worthiness
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French Government Invests €52 Million in Chapelle Darblay Paper Mill Revival

The French government pledged €52 million to support Fibre Excellence's takeover of the Chapelle Darblay paper mill in Seine-Maritime, securing roughly 200 jobs, contingent upon Fibre Excellence raising €160 million in private funds; the mill's reopening is anticipated around 2028.

Progress

40% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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Thames Water Faces Insolvency, Executive Bonuses Spark Outrage

Thames Water, facing potential insolvency with only five weeks of cash reserves, is seeking a takeover bid from KKR amid executive bonus payouts and the threat of water restrictions due to drought; a government bailout of up to £5 billion is possible.

Progress

52% Bias Score

Clean Water and Sanitation
elmundo.es
🌐 75% Global Worthiness
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€475 Million Aid Package Approved for Air Europa Amidst Pandemic and Merger Uncertainty

Spanish Secretary of State Pedro Saura successfully argued for a €475 million aid package for Air Europa in September 2020, emphasizing its importance to Madrid's air transport hub and its role in connecting with Ibero-America, despite concerns about its potential merger with Iberia and the airline'...

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48% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 85% Global Worthiness
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Whyalla Steelworks' \$1.34 Billion Debt Crisis

Whyalla steelworks, owned by Sanjeev Gupta's GFG Alliance, entered voluntary administration with \$1.34 billion in debt, impacting 4000 workers and the town of Whyalla, prompting a \$2.4 billion government rescue package.

Progress

40% Bias Score

Decent Work and Economic Growth
nrc.nl
🌐 75% Global Worthiness
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PostNL Seeks €68 Million Subsidy; Government Rejects Request

PostNL requested €68 million in government subsidies to avoid losses in its mail division due to a shrinking postal market and strict delivery regulations; the Dutch government swiftly rejected the request, citing the need for an upcoming market report and potentially causing service reductions and ...

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40% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 85% Global Worthiness
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Dundee University Bosses Resign After Damning Report on £22m Bailout

The principal and two senior members of Dundee University's governing body resigned after an independent report revealed multiple failures in financial governance, leading to a £22 million government bailout to cover a £35 million deficit caused primarily by a decrease in international student enrol...

Progress

40% Bias Score

Quality Education
dailymail.co.uk
🌐 85% Global Worthiness
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RBS Privatization: A 17-Year Recovery

In 2008, the Royal Bank of Scotland (RBS) received a £45 billion taxpayer bailout following a financial crisis triggered by its risky expansion and mismanagement; 17 years later, the UK government has fully sold its stake, marking a significant turning point but leaving taxpayers with over £10 billi...

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56% Bias Score

Reduced Inequality
elmundo.es
🌐 85% Global Worthiness
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Spanish Judge Rejects Appeals, Cites New Evidence in Air Europa Bailout Probe

A Spanish judge rejected appeals to end an investigation into the €475 million Air Europa bailout, citing new evidence from a Guardia Civil report suggesting involvement by the Prime Minister's wife, Begoña Gómez, and linking her to conversations about securing the bailout funding in September 2020.

Progress

52% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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NatWest to be fully privatized after 2008 bailout

NatWest will hold its last shareholder meeting before full privatization, with the government selling its remaining 2.99% stake after a 17-year restructuring following its £46bn bailout in 2008; the government expects to recoup about £25bn.

Progress

44% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 85% Global Worthiness
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Whyalla Steel Mill Receives $2.4 Billion Bailout, Green Steel Future Uncertain

The Australian government pledged $2.4 billion to rescue the Whyalla steel mill, with immediate funding of $484 million and a further $1.9 billion dependent on securing a buyer committed to green steel production, presenting both economic and political risks.

Progress

52% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 85% Global Worthiness
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Whyalla Steel Mill Faces $2.4 Billion Bailout

The Australian government is considering a $2.4 billion bailout of the Whyalla steel mill after it was seized from British billionaire Sanjeev Gupta due to financial difficulties, aiming to secure its future and safeguard jobs.

Progress

40% Bias Score

Decent Work and Economic Growth

Showing 1 to 12 of 20 results