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Plot To Bankrupt Africa’s Largest Refinery Revealed – Multinationals Accused Of Sabotage

June 26, 2024 No Comments

The Dangote Refinery, Africa’s largest, has finally started producing fuels after years of delays but now faces accusations from senior officials that international oil companies (IOCs) are deliberately obstructing its operations. According to Devakumar Edwin, a vice president at Dangote Industries Limited, these IOCs are demanding exorbitant premiums for locally

Joe Biden Promoted EV Startup Fisker Files For Bankruptcy

June 21, 2024 No Comments

Joe Biden-backed EV startup Fisker filed for bankruptcy late Monday, planning asset sale amid manufacturing halt. Henrik Fisker, former Aston Martin and BMW designer, founded the company, which has filed for bankruptcy twice. Fisker, an electric vehicle startup, filed for bankruptcy late on Monday, announcing plans to sell its assets

Creditors Of Bankrupt FTX To Receive As Much As 142% Of What They Are Owed

May 10, 2024 No Comments

FTX’s bankruptcy is yielding an unexpected outcome and creditors could receive up to 142% of what they are owed. This remarkable recovery is due to FTX’s asset liquidation and the recent cryptocurrency boom. When the cryptocurrency market was experiencing a massive comeback in March, we made a joke about the

How Russian Stormbringer Nuclear Cruise Missile Can Bankrupt US War Machine

October 7, 2023 1 Comment

Dmitry Kornev, the creator of the MilitaryRussia.ru portal, said that the Russian nuclear cruise missile called ‘Burevestnik’, which translates to “Stormbringer,” can bankrupt the US war machine. The “Burevestnik” (“Stormbringer”), a Russian nuclear-powered, nuclear-capable cruise missile unlike anything in any other country’s arsenal, was successfully tested, according to President Putin.

UAE Becomes Global ATM As West Go Bankrupt

September 8, 2023 No Comments

According to Ibrahim Ajami of the Abu Dhabi State Fund, Mubadala, UAE, becomes a global ATM as the West goes bankrupt. Five Years ago, after Washington Post columnist Jamal Khashoggi was killed in the Saudi consulate in Istanbul, virtue-signaling American finance executives withdrew from a Saudi Arabian event in Riyadh.

China’s Evergrande Files For Bankruptcy

August 18, 2023 No Comments

China’s Evergrande Group, previously the second-largest property developer in the country, declared bankruptcy in New York on Thursday. The company faced significant financial troubles and defaulted on its debt in 2021. This triggered a major property crisis in China’s economy, the effects of which persist today. Evergrande sought Chapter 15

There Are 70 Major Bankruptcies In Just 4 Months This Year

July 4, 2023 No Comments

According to data collected by Bloomberg, there were 70 major bankruptcies in just 4 months this year, surpassed only by the years 2009 and 2020. For 2009 there were 118 bankruptcies through April. In Covid-impacted 2020, there were 71 bankruptcies. In 2023 there have been 70. This is the third

Wuhan City Is Bankrupt

May 30, 2023 3 Comments

According to a statement published by the official Changjiang Daily newspaper on Friday, Wuhan City’s finance bureau announced that a total of 259 companies owed it more than 100 million yuan ($14 million) combined, leading it to declare bankruptcy. Wuhan, the largest city in central China, has publicly demanded that

US Corporations Are Filing For Bankruptcy At The Fastest Pace Since 2010

May 27, 2023 1 Comment

According to figures compiled by bankruptcydata.com, US corporations are filing for bankruptcy at the fastest pace since 2010. As per the data, twenty-seven large debtors have filed for bankruptcy. One would not know it from looking at the S&P which just hit a 2023 high, but there is a bit

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