In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, and Prime Minister, enacted a new DIFC Insolvency Law, Law No. 01 of 2019, the Dubai International Financial Centre, DIFC, the leading international financial hub in the Middle East, Africa and South Asia, …
Read More »Toys ‘R’ Us files for bankruptcy ahead of holiday season
Toys ‘R’ Us Inc, the largest U.S. toy store chain, filed for bankruptcy protection late Monday, the latest sign of turmoil in the retail industry that is caught in a viselike grip of online shopping and discount chains. The Chapter 11 filing is among the largest ever by a specialty …
Read More »U.S. Nuclear Comeback Stalls as Two Reactors Are Abandoned
In a major blow to the future of nuclear power in the United States, two South Carolina utilities said on Monday that they would abandon two unfinished nuclear reactors in the state, putting an end to a project that was once expected to showcase advanced nuclear technology but has since …
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