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...A spokesperson for the group of creditors declined to comment. Lawyers for Signa Development and Benko and a spokesperson for its administrator did not respond to requests for comment....
...The administrator expects to recover none of the money, according to Signa Development’s insolvency filing....
...Signa Development creditors have also formally petitioned for an independent administrator to take control of the company....
...A sale would end Bridgepoint’s eight-year ownership of the company. Typically, private equity groups aim to hold assets for about five years....
...Rafael Grossi, director-general of the International Atomic Energy Agency, told the Financial Times that a lack of funding for emissions-free nuclear energy by multilateral lenders such as the World Bank...
...EPA administrator Michael Regan said the rules together would address the “full array of threats that power plants pose to clean air, safe water and healthy land” and be “durable” in the face of legal attacks...
...The Body Shop’s new European private equity owners are set to call in administrators for its UK business only weeks after the retailer changed hands in a £207mn deal....
...Signa Prime and Signa Development own the bulk of the group’s most valuable assets — dozens of development properties and a portfolio of ultra-luxury addresses that include some of the most famous department...
...Signa Development’s administrator said the company had received €2.3bn of claims, of which €1.5bn were recognised. A return of 30 per cent is also predicted for those creditors....
...The Body Shop has appointed administrators for its UK arm, three months after its new private equity owners took control of the business in a £207mn deal....
...It’s one of the largest sources of financing for the 75 poorest countries — for many, it’s the only reliable source of external funds for development....
...But amid these crises, the international community must not lose sight of the pressing need to keep funding global development, health and climate initiatives....
...Erhard Grossnigg, the companies’ administrator, said hundreds of millions of euros were needed “quickly” to tide the companies over until April and avoid writedowns....
...Here are the key developments so far: US secretary of state Antony Blinken said Washington was not involved in the latest “offensive operations” in Iran and reiterated calls for “restraint” to avoid a larger...
...The International Energy Agency expects batteries to account for 90 per cent of new storage....
...If a CVA was approved, “in order to support the rescue of the company”, Aurelius would not pursue The Body Shop for what it owed, according to the proposals....
...FTX is on track to repay its customers up to two-fifths more than the initial value of their claims as administrators for the collapsed exchange capitalise on surging prices of cryptocurrency and artificial...
...“For this business model to succeed, we need regulatory approaches to adapt to a new circumstance,” said Rafael Grossi, director-general of the International Atomic Energy Agency (IAEA)....
...Benko’s lawyer, Norbert Wess told the Austrian Press Agency that his client was aware of the investigation against him. Benko has denied the allegations....
...The International Development Association, the World Bank’s $200bn lending arm to the world’s poorest countries, is leading a wave of fundraising this year for “replenishment” of the equity that backs grants...
...The Belgian foreign ministry has said it will summon the Israeli ambassador after the bombing of the Gaza offices of Enabel, the country’s international development agency....
...The UK anti-doping agency has joined calls for an independent review of how global sport’s anti-drugs body dealt with Chinese swimmers testing positive for a banned substance, as elite athletes gear up to...
...It must harness better the power of the agencies under it and rebuild capability to deliver international development and climate action....
...The Body Shop will close just under half of its 198 UK stores, putting hundreds of jobs at risk, the ethical beauty retailer’s administrators said on Tuesday....
...which are the biggest source of international public finance for the sector....
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