HOT: » Which party would you vote for (if you could) in the upcoming snap vote in Bulgaria on April 19?
Send to Kindle
General Motors World Headquarters located in the Renaissance Center in Detroit, Michigan, USA on 30 May 2009.
The ailing US car-making giant General Motors is expected to file for bankruptcy Monday, and to get a federal bankruptcy protection under a restructuring plan.
According to the restructuring plan, the United States government is going to own 60% of the GM, 12% will be owned by the governments of Canada and Ontario, a union health trust will own 17,5%, and the present bondholders of the company will own 10%, the Washington Post has reported.
The US President Barack Obama is expected to announce at a press conference on Monday an additional federal investment of USD 30 B in GM bringing the total US government aid to USD 50 M.
The US government had recommended to GM that by June 1 the company should present a plan for bailing out of its crisis situation through a restructuring of its production and expenditures. GM was either supposed to get additional federal aid if the plan appeared satisfactory, or was supposed to start a bankruptcy procedure.
Bulgaria’s U19 women’s volleyball team delivered a remarkable performance at the World Championship in Osijek, Croatia, claiming a dramatic 3:2 victory
The latest forecast, made 100 days before the Paris Olympics, predicts that the United States will once again lead the medals table, securing the top position for the fourth consecutive Summer Games
Tensions between the United States and Israel have escalated following the UN Security Council resolution calling for an immediate ceasefire in Gaza
Bulgarian lawmakers have taken a significant step toward bolstering the nation's energy infrastructure by advancing cooperation with the United States for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant
Bulgaria and the United States have formally sealed an agreement to collaborate on the construction of two new units at the Kozloduy Nuclear Power Plant
In the implementation of the project to acquire a new type of combat aircraft F-16 Block 70, the Ministry of Defense of the Republic of Bulgaria and the Air Force will be assisted by an adviser from the USA, financed by the American government
The caretaker government has approved a decision endorsing the Partnership Agreement between the European Union and its Member States and the Mercosur bloc
Several Gulf states have reported missile and drone strikes on their territories just hours after the United States and Iran announced a two-week ceasefire agreement, raising fresh questions about whether the truce is holding on the ground
US Vice President JD Vance launched a sharp attack on the European Union during a visit to Budapest, accusing Brussels of interfering in Hungary’s election just days before a closely contested vote that could reshape the country’s political landscape
Global markets reacted sharply after US President Donald Trump stepped back from imminent military action against Iran, instead tying a suspension of strikes to Tehran’s agreement to a temporary ceasefire and the reopening of the Strait of Hormuz
On the 40th day of the war, a tentative pause in hostilities has been announced, as US President Donald Trump said Washington would suspend its attacks after Iran agreed to a two-week ceasefire
A leaked transcript of a phone call between Hungarian Prime Minister Viktor Orban and Russian President Vladimir Putin shows Orban offering extensive support to Moscow and describing himself as ready to help “in any way” in relation to the war in Ukraine
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began
