Tag: Financial Crisis
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Financial crisis: UN cuts spending, freezes hiring
The UN says it has been forced to cut spending, freeze hiring and scale back some services as the global organisation faces a worsening cash crisis. Member States on Monday, urged members to pay up, warning that the deepening financial crisis threatened the world body’s ability to carry out vital work.
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I joined Barca knowing they weren’t doing well financially – Aguero
Sergio Aguero says he joined Barcelona knowing he’d be taking a major cut on his Manchester City wages. The striker says he signed for Barca aware of the club’s financial problems. He told RAC1: “When we spoke money with Barca, I knew they weren’t doing well financially, but I told my agent the money didn’t…
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Samsung’s financial crisis and total’s connection
By Abubakar Aliyu-Usman In December 2017, the Chief Executive of Samsung Heavy Industries, SHI, Park Dae-young resigned from the world third largest shipbuilder. Dae-young threw in the towel following financial losses that cost the company about a third of its market capitalization. The CEO appeared left with no choice as SHI under his watch according…