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Monarch Airlines aircraft are pictured on the tarmac at Birmingham Airport. Pic: AFP
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People walk past Toys R Us in Times Square the day after Christmas in the Manhattan borough of New York, U.S., December 26, 2015. REUTERS/Carlo Allegri/File Photo
Toys “R” Us Files for Bankruptcy
Toys “R” Us Inc (IPO-TOYS.N) has filed for bankruptcy protection in a United States court, the company said, amid heavy debt and a tough environment for bricks and mortar stores. The Chapter 11 filing by the biggest US toy store chain, to restructure $5...Caption:
An emblem of the Central Bank of Yemen is seen on the bank’s gate in Sanaa August 24, 2016. REUTERS/Khaled Abdullah
Yemen : Insurgents’ War Efforts Leads to Bankruptcy
Jeddah – Banks under control of insurgent militias are on the brink of bankruptcy, according to financial experts. Economical and financial experts stressed that the deposits that were supposed to be in the banks, are now in danger shall the government not intervene...Caption:
Russia to Cut Expenses by 10% to Avoid Bankruptcy
Russia to Cut Expenses by 10% to Avoid Bankruptcy
As fuel prices collapsed, the Russian government announced it was preparing to cut its expenses by 10 per cent in order to avoid bankruptcy of the country, similar to what happened in 1998. “The basic principle of our policy remains that it must live within its means,...Caption:
Protesters march outside the Theodore Levin United States Courthouse, in Detroit, Wednesday, July 24, 2013. (AP Photo/Paul Sancya)