Overspending by the Cleveland County Sheriff’s Office forced the county to divert $3.2 million to meet payroll, outstanding bills and operational expenses in the final weeks of the fiscal year. During a special meeting on Monday, county officials approved the creation of the “Sheriff FY2024 Taxpayer Assisted Bailout Fund” and diverted money from funds that […]
For Senate Majority Leader Andrea Stewart-Cousins, news of Gov. Kathy Hochul’s stunning decision to pause the long-awaited congestion pricing plan in Manhattan came last Tuesday in a phone call from the governor in the final days of the 2024 legislative session. Stewart-Cousins, D-Yonkers, had heard rumblings of Hochul’s growing trepidation about congestion pricing, not long […]
Kevin O’Leary Does Not Believe In A Bailout For Student Loans, Saying, “This Is So Un-American. It’s So Unfair.” Canadian business owner Kevin O’Leary, also known as Mr. Wonderful from his Shark Tank days, has criticized student loan bailouts, calling them “un-American” and unfair. Here’s why this successful investor thinks so. Don’t Miss: O’Leary, well-known […]
The Condor logo on an airline building at the airport. Boris Roessler/dpa An EU court on Wednesday overturned the European Commission’s approval of millions of euros in bailout money for the German airline Condor. “The commission should not have approved the restructuring aid at issue without initiating a formal investigation procedure,” a press release from […]
(Bloomberg) — Embattled French tech company Atos SE has received offers to help bail out the company that will frame the discussions with its stakeholders around its restructuring. Most Read from Bloomberg David Layani’s OnePoint, a group of Atos creditors, private equity firm Bain Capital and billionaire Daniel Kretinsky alongside credit fund Attestor Ltd. submitted […]
Pakistan and the International Monetary Fund (IMF) have reached a preliminary agreement for the release of $1.1 billion (€1.01 billion) from a $3 billion bailout following talks in Islamabad, the IMF said. Under the deal, Pakistan will receive the final tranche from the bailout that was approved by the IMF last July to save the […]
Egypt said it has reached a deal with the International Monetary Fund (IMF) to increase a bailout loan to $8 billion. Egyptian prime minister Moustafa Madbouly announced the news in televised comments on Wednesday. Egypt has for months negotiated with the IMF to increase a £3 billion bailout loan that both parties reached in 2022. […]