The Traderszone Network

The newly appointed chief executive of loss-making Malaysia Airlines said on Monday that the carrier is “technically bankrupt”, as he announced plans for a restructuring that will cut the company’s workforce by a third. “We are technically bankrupt…the decline of performance started long before the tragic events of 2014,” Christoph Mueller said, speaking at a news conference.

Food safety inspectors in the northern Indian state of Uttar Pradesh have filed a criminal complaint against Nestle’s Indian arm, after spot checks earlier this year found excess lead in some packets of Maggi instant noodles. A court hearing has been set for July 1, an official at the local Food and Drug Administration (FDA) said. The Uttar Pradesh FDA had ordered a recall of a 200,000-pack batch of noodles at the end of April, after a spot check which said showed elevated levels of monosodium glutamate (MSG), a flavor enhancer, and lead 17 times above the permissible limit.

The newly appointed chief executive of loss-making Malaysia Airlines said on Monday that the carrier is “technically bankrupt.”

Comments by Greece’s Prime Minister highlight the stark differences between his opinions and those of some officials in charge of the Greece’s aid.

With new vehicle prices climbing to all-time highs, a record number of Americans are turning to leases in a bid to keep monthly payments low.