Google’s Russian Subsidiary to File Bankruptcy

Google’s Russian subsidiary will file for bankruptcy amid the Russian government’s seizure of the company’s assets. Google said the seizure has been “untenable,” leading its Russian office to a difficult position. “The Russian authorities’ seizure of Google Russia’s bank account …

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Sri Lanka’s New PM Warns Most Difficult Months Ahead

Fourth EstateUnited National Party (UNP) head Ranil Wickremesinghe has been sworn in as the new Prime Minister of Sri Lanka amid the ongoing political turmoil. - Gov't of Sri Lanka

Sri Lankan New Prime Minister Ranil Wickremesinghe warned Sri Lankans that “the next couple of months will be the most difficult ones of our lives,” during his first address to the country as prime minister on Thursday. “In November 2019, …

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Texas Judge Delays Alex Jones’ Trial After Infowars Filed for Bankruptcy

Fourth EstateAlex Jones - ultimate_josh

A judge in Texas on April 20 delayed the trial of right-wing conspiracy theorist Alex Jones after his radio show Infowars and his other entities filed for bankruptcy earlier in the week. Travis County District Judge Maya Guerra Gamble postponed …

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Alex Jones’ Infowars Files Bankruptcy in Texas Court

Jared HoltInfowars' Owner Alex Jones in a 2018 Press Conference - Jared Holt

Far-right conspiracy website Infowars has filed for bankruptcy after its founder Alex Jones was found liable for damages in three lawsuits last year after claiming that the Sandy Hook school shooting was a hoax. Infowars and two of Jones’ other …

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Puerto Rico Announces Largest Public Debt Restructuring in US History After Exiting Bankruptcy

Puerto Rico has announced it will restructure debts after the commonwealth exited bankruptcy. According to Financial Oversight and Management Board for Puerto Rico (FOMB), the debt restructuring will pave the way for new bonds with its creditors. The debt restructuring …

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Zillow Shuts Down Home Buying Business, to be Investigated for Securities Fraud

Zillow announced it will be closing down Offers, its homebuying unit and reducing its workforce while it is also the subject of securities fraud investigation. Zillow said it wanted to sell about 7,000 homes worth $2.8 billion after apparently buying …

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Evergrande Founder Hui Ka Urged to Use Personal Wealth On Company Debt

Beijing has told the founder of the embattled Evergrande group to use his own money to lessen the company’s massive debt after the company’s crisis brought attention to billions of his wealth. Authorities in China issued the directive after the …

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Fitch Downgrades Evergrande Group, Units to ‘Restricted Default’

Fitch Ratings announced on Thursday that it downgraded China Evergrande Group and its subsidiaries to “restricted default” after the heavily indebted developer had missed an important interest payment this week. Evergrande, whose debts exceed $300 billion, missed a deadline on …

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