As the crisis engulfing his business empire deepened, Bavaguthu Raghuram Shetty met with Bank of Baroda officials in mid-March to discuss the $250 million he and his firms owed. The loans were granted on the strength of Shetty’s reputation as a billionaire …
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FROM raw milk, curry sauce and pies – a number of supermarkets across the UK have issued urgent product recalls over safety fears. Waitrose, Tesco, Sainsbury’s and Asda are among the big retailers urging shoppers to check at home for these particular …
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New data revealed by Gilead Sciences has shown that its antiviral drug remdesivir reduces death risk of severe COVID-19 patients by as much as 62 per cent when compared with standard care alone. This is an important finding that requires confirmation in …
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Virgin Atlantic is reportedly finalising a £1bn rescue deal that would save thousands of aviation jobs in the UK. The airline, founded by Richard Branson, is finalising a deal to release tens of millions of pounds in credit-card cash that was being withheld.
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One of the key items for consideration is lessor and lessee accounting under PFRS 16, the standard on leases. With the lease concessions and
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