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SAA creditors give more time to raise funds

Bloomberg Creditors of South African Airways (SAA) gave the government more time to find the money to fund a rescue of the bankrupt state-owned airline. At a meeting convened by the airline’s administrators, creditors voted to extend the deadline to July 27 from an initial deadline of July 22. If the money is not guaranteed by then, another creditors meeting ...

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Neiman Marcus to close store at New York’s Hudson Yards

Bloomberg Neiman Marcus Group Inc, the luxury retailer that’s making its way through bankruptcy proceedings, said it will permanently close its store in New York City’s Hudson Yards along with three other US locations. Its planned exit from Hudson Yards comes just over a year after the mall at the mega-project opened to much fanfare in March 2019. The three-story ...

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China, Russia seek to disrupt elections, warns US official

Bloomberg China, Russia and Iran are looking to disrupt the US electoral process before November’s vote, including attempts at compromising the private communications of political campaigns and candidates, a top US intelligence official warned. William Evanina, director of the National Counterintelligence and Security Center, said that federal officials continue to monitor hackers trying to gain access to state and federal ...

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