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Tag Archives: rescue

Would a political Fed rescue the world?

WASHINGTON (Reuters) – As a financial crisis spread across the globe in September of 2008, the U.S. Federal Reserve gathered in an emergency atmosphere as requests flooded in from other central banks for access to dollars.

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Group Five BRPs to submit business rescue plan by June

Following the first business recue meeting with Group Five’s creditors on Tuesday, the appointed business rescue practitioners (BRPs) – David Lake and Peter van den Steen, of Metis Corporate Advisory – requested an extension of the deadline for the submission of a business rescue plan to June. The BRPs said Group Five’s business rescue was arguably one of the most ...

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Self-folding drone could speed up search and rescue missions

A drone that can change shape in flight has been developed by researchers at the University of Zurich to assist with search and rescue missions. Able to contract and fold, the aircraft can enter small cracks and spaces to stream footage to rescue teams via its two integrated cameras. The drone is designed for use in areas in disaster zones… ...

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Optimum, Koornfontein preliminary business rescue plan to be submitted for creditor approval next week

Legal adviser Bouwer van Niekerk expects to have a preliminary business rescue plan for Optimum Coal Mine and Koornfontein Mine submitted for creditor approval by the end of next week, he confirmed to Mining Weekly Online on Wednesday. The mines’ business rescue practitioners (BRPs) have been in continuous discussions with all stakeholders and creditors to vote on the proposed business ...

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