LONDON (Reuters) – A funding crisis at Greensill Capital could spill over to some of its high-risk borrowers and lead to losses for insurers and banks that have done business with the UK-based supply chain finance firm if its clients default, according to several industry experts and a review of public filings.The logo of Greensill Bank is pictured in downtown […]
Read moreThis is an automated machine translation of an article published by Business Insider in a different language. Machine translations can generate errors or inaccuracies; we will continue the work to improve these translations. You can find the original version here. In one of the most convulsive years for the fashion sector, some 2,126 Spanish companies found a lifeline in international […]
Read moreThis is an automated machine translation of an article published by Business Insider in a different language. Machine translations can generate errors or inaccuracies; we will continue the work to improve these translations. You can find the original version here. Volocopter, a German startup that has been building and testing electric VTOL (vertical takeoff and landing) aircraft, has raised €200 […]
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Adani Ports and Special Economic Zone and Adani Green Energy are the other two Adani Group firms to have crossed the Rs 1-trillion mark in m-cap. Gautam Adani-led Adani Enterprises today joined the Rs 1-trillion-market capitalisation club after its shares touched a 52-week high of Rs 944.75 per share on the BSE. Shares of the company ended at Rs 918.65 […]
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Interpol announced it has confiscated thousands of vials of counterfeit coronavirus vaccine. Smugglers in South Africa and China were busted in the scam. The head of Interpol warned that these fake vaccines are just “the tip of the iceberg.” Visit the Business section of Insider for more stories. Interpol, the International Criminal Police Organization, announced on Wednesday it had broken […]
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Do the actual numbers bear out the claims made by the government or do they suggest something else? asks A K Bhattacharya. Four weeks ago the Union Budget for 2021-22 was presented to Parliament and it instantly made headlines for its bold announcements on privatisation, asset monetisation and transparent accounting of the government’s fiscal deficit. It is now time to […]
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FILE PHOTO: A logo of drugs and chemicals group Merck KGaA is pictured in Darmstadt, Germany January 28, 2016. REUTERS/Ralph Orlowski/File PhotoFRANKFURT (Reuters) – Germany’s Merck KGaA predicted further earnings gains in 2021 as an effort by the pharma industry to ready treatments and vaccines against the coronavirus bolsters demand for its supplies for biotech labs. Merck, which also makes […]
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The Small Business Administration on Wednesday released a new application and loan calculation formula for Paycheck Protection Program loans for self-employed and gig workers. For these small businesses, it will mean larger forgivable loan amounts going forward. The new PPP application for self-employed workers and sole proprietors who file IRS Form 1040 Schedule C now asks for the total amount […]
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WASHINGTON (Reuters) – President Joe Biden’s proposed $1.9 trillion coronavirus relief bill would phase out $1,400 payments to high-income Americans in a compromise with moderate Democratic senators reached on Wednesday as the Senate prepares to vote on the bill.FILE PHOTO: A man makes his way past the U.S. Capitol on the day the House of Representatives is expected to vote […]
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