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Troubled rent-to-own retailer BrightHouse has reached a deal for a £220m financial restructuring, Sky News reports.
It is expected that the agreement will be announced within the next few days, saving around 3,000 jobs.
Funds associated with private equity house Apollo Management will take control of nearly half the shares in the company.
Meanwhile previous owner Vision
The Women In Animation group brought together an all-star panel of attorneys, a psychiatrist with experience in employment law and the co-founder of a non-profit organization that works to combat harassment to discuss the ever-widening scandal that has engulfed Hollywood and Capitol Hill.
But it was one animator’s account of sexual harassment while working on the Disney
General Electric is to cut 12,000 jobs in its power business, 18% of the division's global workforce.
The US industrial group expects the "painful but necessary" job losses to help save $1bn next year as demand for fossil fuel power plants wanes.
GE intends to cut 1,100 jobs from its UK power business, mainly in Stafford and Rugby.
Elsewhere, one-third of the
Published time: 7 Dec, 2017 14:47
The growing debt dependency at a “dangerous pace” by the world’s second-biggest economy, China, has raised International Monetary Fund (IMF) concerns. The fund has warned of large risks and imbalances.
According to the IMF's health check of China’s financial system, four-fifths of the country’s banks are at risk. China's
It seems the onward march of the humble avocado is unstoppable.
Earlier this month we had news of the Hawaiian avocado "as big as my head" vying for a place in the record books.
Now Marks and Spencer is the first supermarket to sell a seedless cocktail avocado – which could help avoid all those pesky avocado-related injuries.
"Avocado hand" is apparently the bane of
Peter Schiff was among the few economists who correctly predicted the financial crisis in 2008. Ten years later, he sees another crisis emerging: a crisis that can crash the stock market and wipe out the US dollar.
“I predicted a lot more than just the stock market going down back then. I predicted the financial crisis, but more importantly, I predicted what the
Published time: 7 Dec, 2017 13:42
While bitcoin enthusiasts are bracing for the much-anticipated investor acceptance of digital currency when futures trading starts this weekend, the world’s biggest banks have reportedly halted the move.
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The Futures Industry Association (FIA) has sent a cautionary draft letter to the Commodity Futures Trading Commission
In Gaza City, Palestinians protest against US President Donald Trump's decision to recognise Jerusalem as the capital of Israel on 7 December 2017 (AFP)
Hamas called for Palestinians to launch a new intifada on Thursday as Israeli Prime Minister Benjamin Netanyahu said US President Donald Trump had "bound himself forever" with Jerusalem for recognising the city as
Kemal Kilicdaroglu, the head of the Republican People's Party (CHP), gives a speech in Istanbul in April (AFP)
LONDON – Hundreds of members of the Turkish diaspora gathered in a north London hall on Wednesday to welcome the arrival of the leader of Turkey’s main opposition party as he embarks on a UK tour in early preparation for the 2019 presidential elections.