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BBCNEWS Asia July 2, 2024

has over $3 billion of liability. for more on how this could play out i have been speaking to an insolvency expert from deloitte and asked him what happens when a judge does order a liquidation. inaudible orders a company to be wound up by way of court and the company would be formally placed into liquidation but the recommendations are two petition which will go backwards. provisionally the data will be appointed by court. in the sense that it is just a prohibition and that will be a formal appointment of liquidators later inaudible what would a liquidators cease to do and correct. to do and correct. directors will seize to do and correct. directors will seize control to do and correct. directors will seize control and - to do and correct. directors will seize control and with l will seize control and with that no power inaudible and while the provisionally data will resume the powers of the directors said they can do basically all of the powers as given by court t ....

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BBCNEWS Asia July 2, 2024

it is the world s most indebted company. for more on how this could play out, i have been speaking to an insolvency expert from deloitte and asked him what happens when a judge does order a liquidation. inaudible when a judge orders a company to be wound up by way of court and the company would be formally placed into liquidation but the recommendations are two petition which will go backwards. provisionally the data will be appointed by court. in the sense that it is just a provisional and that will be a formal appointment of liquidators later what would a liquidator do and with the directors cease to have control of the company in the circumstances? directors will cease to have control and with that no power inaudible and while the provisional will assume the powers of the directors so they can do basically all of the powers as given by court to them in the court order. we ll be hearing more on that story in just a little over an hour so stay tuned. news from the on ....

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BBCNEWS BBC July 2, 2024

means the bank has at this stage opted not to raise them any further. this raises lots of questions, does the bank of england think we have hit peak inflation and therefore as a result, we have hit peak interest rates? how long will it take for the rest of the economy to fair and how long will it take for that to filter through until we start to feel a bit better off? as we know, rising interest rates mean it is more expensive on your mortgage and any borrowing. saving rates have been rising but the bank of england has been raising them pretty sharply, iii times from their record low. that was after the financial crisis. up to 5.5 5.25% of the was after the financial crisis. up to 5.5 5.25% of the opting today to 5.5 5.25% of the opting today to keep them on hold. some relief for mortgage holders right now of the big question, whether this is as high as they will go or indeed the bank will decide later on that it needs to keep raising them to keep a lid on infla ....

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BBCNEWS Business June 7, 2024

we start in the us, where the british tech tycoon mike lynch has been cleared of fraud charges in a san francisco court. once hailed as a uk bill gates, mr lynch was facing fraud charges over the $11 billion sale of his software firm, autonomy, to hewlett packard back in 2011. mr lynch had been accused of inflating the value of his firm ahead of the sale a jury has found him not guilty on all counts. our north america business correspondent erin delmore has the details. when autonomy was sold to hewlett packard 13 years ago for $11.1 billion, it was one of the top 100 public companies in the uk. the sale marked the la rgest ever takeover of a british technology business. but hewlett packard later wrote down the company s value by more than $8 billion, leading to criminal charges that mike lynch had defrauded hewlett packard by inflating the value of autonomy. the businessman was extradited from britain to the united states to stand trial on the charges, which could ha ....

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Business Today

The indian markets will be on the upward trajectory. the rate decisions coming in also show the strength of the indian economy. the strength of the indian economy- the strength of the indian econom . , , ., economy. does the message from the voters at economy. does the message from the voters at least economy. does the message from the voters at least gave economy. does the message from the voters at least gave a - the voters at least gave a slightly different verdict on the strength of the economy? is there some sense that there is perhaps not as much trickle down as they would like? that certainly is down as they would like? that certainly is a down as they would like? that certainly is a widening - certainly is a widening inequality, the inequality lab pointed out thatjust 1% of indians, rich indians hold about 80% of the country s wealth and that is a telling story of the widening inequality in the country, so while you have the prosperous centres were the apples and tes ....

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