Wednesday , 17 December 2025

Recent Posts

Creditors of defaulted Azeri bank to contest rehab plan

Bloomberg Creditors of Azerbaijan’s biggest bank are taking steps to block terms outlined by the lender earlier this week in a $3.3 billion debt restructuring, according to two members of the investor group. Debtholders of the International Bank of Azerbaijan are arguing their voting rights were diluted by the inclusion in the restructuring of a $1 billion deposit owed to …

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BA seeks to resume UK flights after lost day

Bloomberg British Airways (BA) said it will try to operate most scheduled departures from London on Sunday, after a computer system failure paralyzed operations at the start of a three-day holiday weekend in the UK, stranding thousands of travelers at two major airports. The carrier scrapped all Saturday afternoon and evening departures from Heathrow and Gatwick airports following what it called …

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Best Buy shares soar as Nintendo console buoys sales

Bloomberg Best Buy shares surged to an all-time high as red hot demand for Nintendo’s latest video game console helped the US electronics retailer deliver a big sales and earnings beat for the first quarter. Shares in the Minnesota-based company gained 21.5 per cent — its biggest one day rise in at least nine months — to $61.25 after it …

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