April 18, 2013
German Parliament Approves Cyprus Bailout
A vast majority of Germany’s lower house of parliament has approved the Cyprus bailout, which will secure the island with a €10 billion bailout to avoid bankruptcy, reports Euro News....
April 14, 2013
EU, IMF Refuse To Give Cyprus Extra Cash
After meeting in Dublin, the European Union and International Monetary Fund have denied Cyprus extra financial aid the island needs to raise €13 billion for its financial bailout, reports The...
April 09, 2013
European Commission Implements Directive Against Late Payments In Commercial Business
Regaining financial stability in Europe is a multi-faceted project that requires new regulations across the board. In an effort to put the EU back on track for economic growth, the...
April 08, 2013
Armenia: Price hikes probed in trail of bankruptcy announcement
As national air carrier Armavia announced its bankruptcy, reports say the nation’s State Commission for Protection of Economic Competition has launched an investigation into hikes in airfares. Head of Commission...
April 01, 2013
Rocket Internet-Backed Zalora Keeps Quiet On Taiwanese Shutdown Rumors
A year after launch, it has been recently speculated that Rocked Internet-backed Zalora, a fashion eCommerce site based in Singapore, may be shutting down its services in Taiwan. TechCrunch reported...
March 28, 2013
US: World’s largest airline moves step closer to reality
American Airlines has officially won approval to merger with US Airways, according to reports, in a deal that will result in the largest airline on the planet. The news came...
March 18, 2013
US: Phonebook pubs make bankruptcy move to merge, save business
The struggling market of phonebooks, once an essential staple of communications yet now seen as obsolete in today’s digital world, has seen its latest plan of action as Dex One...
March 14, 2013
US: The Twinkie finds a new home
Twinkie’s now-defunct maker, Hostess Brands Inc., has announced that the Department of Justice has officially begun reviewing Flowers Foods Inc’s bid to buy the bankrupt company. Flowers was reportedly the...
March 07, 2013
US: $100M suit against supermarket chain tossed, plaintiff vows to...
Delta Produce LP’s $100 million lawsuit against supermarket chain H-E-B may have been tossed out by a federal judge, but Delta has vowed to appeal the ruling. Delta alleges the...