Corporate Commercial Bank Begins Payments to Creditors After 10-Year Bankruptcy
Trustees of Corporate Commercial Bank (CCB), currently in bankruptcy, announced the commencement of payments to creditors starting at 09:00 on November 5, 2024
Saab Automobile filed for bankruptcy on Monday after it hopes to be saved by Chinese investors turned out to be futile.
Saab and two subsidiaries filed for bankruptcy with the District Court in the Swedish town on Vanersborg, The New York Times informs.
The company's former owner, General Motors, retained an effective veto on any deal that aimed at saving the company by an infusion of cash by Chinese investors, including Zhejiang Youngman Lotus Automobile.
GM still owns some technology licenses for Saab and is concerned that its technology would end up in the hands of Chinese competitors.
Saab was acquired last year by Dutch entrepreneur Viktor Mueller, but his efforts to save the company by modernizing its line-up did not lead to effective results at a time of global financial turmoil.
Originally the automobile manufacturing division of Svenska Aeroplan Aktiebolaget (English: Swedish Aeroplane Limited), later known as Saab AB, Saab Automobile was acquired by General Motors in 1990.
Ukrainian President Volodymyr Zelensky stated on Monday that Ukraine would not accept any agreements regarding its future
On February 13, 2025, several Russian drones launched in a large-scale attack on Ukraine crossed into Moldova's airspace
The European Parliament has reiterated its refusal to recognize the self-proclaimed authorities of Georgia
A major police operation is underway in Munich after a car plowed into a crowd of demonstrators near the city's central train station
Tulsi Gabbard was sworn in as the Director of National Intelligence (DNI) at the White House on Wednesday
Following recent conversations between US President Donald Trump, Russian President Vladimir Putin, and Ukrainian President Volodymyr Zelensky, analysts at the Institute for the Study of War (ISW) have concluded that Putin remains unwilling to make any co
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