German and Swiss officials have signed a revised treaty designed to combat
tax evasion. Berlin hopes the deal will generate billions of euros in
revenue. But opposition parties could still scupper the agreement.
Swiss Oil Refiner Petroplus to File for Insolvency Petroplus Holdings, the largest independent oil refiner in Europe, said on Tuesday that it was filing for insolvency after its creditors demanded repayment on $1.75 billion of outstanding debt.
After Nuclear Crisis, Japan's Biggest Utility Faces Insolvency Risk
New York Times
David Guttenfelder/Associated Press Japan said it would make Tokyo Electric liable for compensation claims that could amount to tens of billions of dollars. On Thursday, shares in Tokyo Electric again fell to a record low, at one point slumping to 148 ...
BA and Iberia take a step closer to becoming one of the world's biggest airlines
IN THE hope of weathering the worst conditions in years struggling airlines are seeking partnerships. On Thursday April 8th British Airways and Iberia inked in a merger deal agreed last November that will create the world's sixth largest airline by revenue—provided regulators, shareholders and BA's hefty pension liabilities do not scupper the tie-up. The day before news emerged that America's United Airlines and US Airways are again in merger talks after failing to get together in 2000 and 2008.
US-China differences set to scupper agreement on Iran sanctions
|Six of the world's most powerful countries are set to meet soon to discuss Iran's refusal to accept a deal over its nuclear program. But the United States and China don't agree at all on how Tehran should be treated.|
Fate of Opel Shakes up Workers
German automaker Opel is on its last leg. Without a serious injection of
funds from a private investor or European government, the company will go
under, taking the jobs of 26,000 Germans with it.
The DW-WORLD Article
German Chip Maker Goes Under
Germany's Qimonda filed for insolvency as the global slump in memory-chip prices scuppered a bailout plan. The company said it hopes to continue operating.
━━ a., n. 支払不能の（人）; 破産した（人）; （土地が）借金返済に不十分な; 〔戯言〕 文無しの.
in・sol・ven・cy ━━ n.
in・sol・ven・cy ━━ n.
1. Suffer defeat or destruction; fail. For example, We feared the business would go under after the founder died. [Mid-1800s]
2. Lose consciousness. For example, Ether was the first anesthetic to make patients go under quickly and completely. This usage dates from the 1930s.
3. Submerge, sink, as in This leaky boat is about to go under.
a particular stage of a journey, competition or activity:
He has tickets for the first leg of the UEFA Cup tie.
The last leg of the race was Paris to London.