“I find that to be very hard to believe,” says Ellias. “If that happened, it’d be because Elon decided to pull the rug out. But even then, if he were to do that, the creditors would have the option of pushing the company into bankruptcy, getting a trustee appointed and turning the lights back on,” he says.
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Dutch to restrict chip equipment exports amid US pressure
admin, , Business, 0
“The uncontrolled export of goods and technologies therefore potentially poses national security risks,” she added. “The Netherlands bears an...
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Business insolvencies rise as government aid wanes
admin, , Business, 0
The number of firms going bust in September was at its highest since March 2020.
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Coronavirus: Virgin Atlantic to cut 1,150 more jobs
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Image copyright Getty Images Virgin Atlantic is to cut 1,150 more jobs after completing a £1.2bn rescue plan that...
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‘The cost of living started my shoplifting’: Why stealing goods is on the rise
admin, , Business, 0
National Police Chiefs’ Council (NPCC) lead for business crime, Assistant Commissioner Paul Betts, said: “When responding to shop theft...
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Liberty Steel boss asks government for £170m bailout
admin, , Business, 0
“We are still refining the details with my management team and our external advisors, but preliminary indications are that...
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Brexit impact on food prices ‘very modest’ – Tesco
admin, , Business, 0
Tesco: Brexit ‘could see people choose cheddar over brie’
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Spring Statement: Borrowing figures give Rishi Sunak ‘wiggle room’
admin, , Business, 0
Sir Charlie Bean, who was responsible for economic forecasts at the government’s independent forecaster, the Office for Budget Responsibility...
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Covid: Record number of small firms ‘set to close’
admin, , Business, 0
Government offers firms new grants to survive lockdown
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