(Reuters) - Britain's Superdry received court approval for its restructuring strategy on Monday in an effort to keep the fashion retailer from going into administration, the company said.
The court sanction comes as the company's independent directors on Friday approved a proposed fundraising to help turnaround the company's finances.
(Reporting by Radhika Anilkumar in Bengaluru; Editing by Shailesh Kuber)
Regulators have concluded Boeing should face criminal charges over safety issues on the 737. It is being sued over a mid-air blowout. And design faults have left a pair of astronauts stranded in space.
India's opposition Congress urged Prime Minister Narendra Modi's government on Saturday to question Foxconn about its hiring practices after Reuters reported that the Apple supplier rejects married women from iPhone assembly jobs in the country. The government has sought a detailed report from the state of Tamil Nadu, site of a major iPhone factory where Reuters uncovered Foxconn's hiring practices. The story has sparked debates on TV channels, newspaper editorials and calls from women groups, including within Modi's party, to investigate the matter.
It now looks like a dead-cert that next month Rachel Reeves will become our new chancellor.
Oil prices climbed on Monday, supported by forecasts of a supply deficit stemming from peak summer fuel consumption and OPEC+ cuts in the third quarter, although global economic headwinds and rising non-OPEC+ output capped gains. Brent crude futures rose 33 cents, or 0.4%, to $85.33 a barrel by 0439 GMT, while U.S. West Texas Intermediate crude futures were at $81.86 a barrel, up 32 cents, or 0.4%. Both contracts gained around 6% in June, with Brent has settling above $85 a barrel in the past two weeks, after the Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, extended most of its deep oil output cuts well into 2025.
Australian job advertisements fell for a fifth straight month in June, data showed on Monday, as labour demand continued to ease in the face of high interest rates and a slowing economy. Data from Australia and New Zealand Banking Group and employment website Indeed showed job ads fell 2.2% in June from May, when they dropped by a revised 1.9%. "The pace of declines in ANZ-Indeed Australian Job Ads has intensified," said ANZ economist Madeline Dunk.
Olive Garden, Applebee's, and Texas Roadhouse ranked among the top chain restaurants in the US.
The decision by Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia deals a blow to Binance, which had asked the court to toss the SEC's lawsuit that alleges Binance and its founder and former CEO Changpeng Zhao broke securities laws. The SEC's suit filed against Binance in June 2023 accused the exchange and Zhao of artificially inflating its trading volumes, diverting customer funds, failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls.
As the ongoing systems outage at software provider CDK Global stretches into its second week, car dealerships are racking up millions of dollars in losses, according to a new estimate.
China has issued a raft of regulations to tighten management of rare earths production, elements that are playing an ever-important role in the global technology race. In a document released on Saturday, the State Council said the new rules would come into effect on October 1. The regulation spells out that the resources belong to the state and that "no organisation or individual may encroach upon or damage" them. Do you have questions about the biggest topics and trends from around the world? G
Becoming a millionaire and retiring is a dream for many Americans, and many of the self-made ones often achieve this feat thanks to hard work, persistence, patience and discipline, and thanks to...
FCM Travel Greater China, a business-travel management company, plans to invest in its artificial intelligence capabilities and give its staff the skills they need to get the most out of the technology as China's outbound travel market enjoys a resurgence. The drive to adopt and integrate AI into its operations began recently with the opening of the company's new "AI centre of excellence" in the southern Chinese city of Guangzhou. The city was the ideal destination thanks to its large pool of ta
Criminal charges against a corporation, like the ones the Justice Department is considering bringing against Boeing, would be a serious blow, worsening the company’s already precarious financial situation and further damaging its battered reputation. But it wouldn’t necessarily result in past or current executives facing prison time.
Key Insights Masterflex's Annual General Meeting to take place on 5th of July Total pay for CEO Andreas Bastin includes...
A woman has been charged after a video emerged that allegedly showed a prison officer having sex with an inmate in a jail cell.
My husband and I were monogamous before we got married. When we stopped wearing our wedding rings, we decided to try polyamory.
Heavily discounted Russian-made goods, from hair products to chocolate, are finding their way onto Singapore’s virtual supermarket shelves.
Gareth Southgate will be forced into Three Lions reshuffle for last-eight showdown in Dusseldorf
George Clooney and his wife, Amal, were spotted in St Tropez this past week, and Amal made the most of the glorious sunshine with a flirty floral mini dress. See the pictures here...
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Elizabeth Hurley showed off her incredible physique in a yellow string bikini as she posed for Instagram – and the Gossip Girl actress, 59, looked better than ever. See photos.
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