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2024-01-06 10:03:00
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#watch #time #bombs #real #estateshadow #bankinglocal #debt #Waiting #attack #Chinese #economy #fearing #spread #Thailand #Bangkok #Thurakit #Bangkok #Thurakit
2024-01-05 18:25:40
He announced his departure on the social network X, where he is followed by almost no one. Alexandre Fonseca is however a heavyweight in the telecommunications sector. Co-CEO of the Altice Europe group and boss of Altice in the United States, the Portuguese businessman had been suspended for six months due to suspicions of corruption. After more than ten years within the empire created by billionaire Patrick Drahi, Alexandre Fonseca would have “reached an agreement terminating his employment contract as well as all the executive and non-executive functions that he exercised”, Altice Portugal said.
The telecommunications group, which notably owns the BFM TV channel, RMC radio and the SFR brand in France, is currently in the midst of a corruption scandal in Portugal. Co-founder of the group with Patrick Drahi, Portuguese businessman Armando Pereira is suspected of 11 counts of corruption and money laundering. Although he denies the accusations, he is also suspected of having set up a network of dubious suppliers with the aim of embezzling large sums of money via the group’s purchasing policy. Under house arrest, he paid 10 million euros to lift this measure.
Around fifteen employees, including a manager of the group in France, were suspended. Patrick Drahi said he felt “betrayed and deceived by a small group of individuals”. Despite the corruption scandal, a branch of the group, Altice International, managed to borrow 800 million euros on the markets in October. Patrick Drahi constantly repeated this summer that this scandal would have “no impact” on the finances and forecasts of Altice, which must in particular pay off significant debts.
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#Suspended #leaders #Altice #empire #announces #departure
2024-01-06 07:11:53
While the gap between the positions of Taeyoung Construction and creditors, who applied for a workout, has not been narrowed, the financial authorities and major creditors are scheduled to hold another meeting regarding Taeyoung Construction’s situation.
Tomorrow (7), Deputy Prime Minister Choi Sang-mok, Financial Services Commission Chairman Kim Joo-hyun, Financial Supervisory Service Chairman Lee Bok-hyun, and Bank of Korea Governor Lee Chang-yong are expected to meet to discuss the Taeyoung Construction situation.
The next day, major creditors, including Korea Development Bank and the five major banks, are scheduled to inspect the status of Taeyoung Construction’s workout with the Financial Services Commission and the Financial Supervisory Service.
Whether or not Taeyoung Construction will begin a workout will be decided at the first creditors’ meeting held on the 11th.
However, the deadline for creditors and financial authorities to notify Taeyoung Group to come up with a more self-rescue plan is this weekend, so it is expected that there will be a difference in whether or not Taeyoung Construction’s workout will be successful over the weekend.
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#Taeyoung #Construction #Workout #watershed #weekend…Series #meetings #financial #authorities #creditors #7th #8th
2024-01-06 09:46:53
Spain produced more than half of its electricity last year from renewable energy sources, including solar and wind. The country thus places itself at the head of the pack of good students in Europe who have set the ecological transition as their objective.
The Spanish electricity network speaks of a historic record. The sun and especially the wind are responsible for more than half of the electricity production for the year 2023. Nearly 135,000 gigawatts/hour were produced with these renewable energies.
This green trend is part of the socialist government’s projects. Spanish leader Pedro Sanchez has pledged to increase the share of renewables in Spanish electricity production to 74% by 2030.
Mega solar and wind farm projects are currently under construction in sparsely populated areas of the country such as Extremadura or Castile and León.
However, all these projects are not unanimous, particularly among environmentalists who denounce the occupation of agricultural land to install solar farms.
Along with Portugal, Spain is at the head of the countries working for the energy transition.
Diane Cambon/ash
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#Spain #produce #electricity #renewables #rts.ch
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