Source link American officials have reportedly visited Türkiye to persuade banks and companies to cut ties with the sanctioned country Turkish businesses are at risk of being banned from carrying out currency operations if they continue to trade with Russia, RIA Novosti reported on Wednesday, citing the news outlet Aydinlik. At the behest of the […]
Source link The former US president has been barred from operating his companies in New York and ordered to pay $354 million in penalties A New York judge has temporarily barred former US President Donald Trump from running his businesses in the state and ordered him and his organization to pay $354 million in fraud […]
Source link Many small companies have been struggling to repay pandemic-era government support, according to Reuters Thousands of small businesses in Canada face the risk of closing down after the government ended pandemic-era support last month and as interest rates are at a two-decade high, according to a Reuters report. A surge in bankruptcies, which […]
Source link Consumers in Muslim-majority countries have shunned Starbucks, McDonald’s, and Coca-Cola over the Gaza conflict Numerous major Western brands have shed customers and seen profits dented due to boycott campaigns in the Middle East targeting companies seen as supporting Israel in the war in Gaza, Bloomberg reported on Friday. Israel declared war on Hamas […]
Source link The number of UK businesses on the brink of bankruptcy skyrocketed by more than a quarter at the end of last year amid a “debt storm” triggered by a series of interest rate hikes, a report from a group of insolvency specialists revealed on Monday. The latest ‘Red Flag Alert’ released by Begbies […]
Source link The EU’s largest economy has struggled amid the continuing recession, economists say Business sentiment in Germany has worsened for the first time since August, with the country likely facing a longer recession contrary to the expectations of analysts, a survey showed this week. The business expectations index in the EU’s largest economy dropped […]
Source link A record number of businesses closed across the UK last year, according to a new report by the Office for National Statistics (ONS) released this week. ONS data shows that the number of so-called ‘business deaths’ increased from 328,000 to 345,000 between 2021 and 2022. That led to an increase in the ‘death […]
Source link Multinational companies have sold assets worth over $21 billion, the outlet has said Russian businesses are rapidly filling the void left by international companies, and are benefiting by snapping up the assets of departing Western firms at discounted prices, Bloomberg reported earlier this week. US fast food giant McDonald’s, packaging group Ball, and […]