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BUSINESS

Century 21 Wants to Move Covid-19 Insurance Fight to Bankruptcy Court

Business, Soma Biswas, Published on 14/09/2020

» Century 21, which blamed its decision to shut down on its property insurers, wants to bring the legal fight over Covid-19 coverage to bankruptcy court.

BUSINESS

Neiman Marcus Approved to Exit Bankruptcy After Critic's Arrest

Business, Soma Biswas, Published on 07/09/2020

» A bankruptcy judge signed off on Neiman Marcus Group Ltd.'s restructuring plan on Friday, ending one of the first major chapter 11 filings after the Covid-19 pandemic forced thousands of businesses to shut their doors this spring.

BUSINESS

Neiman Marcus Nears Bankruptcy Filing

Business, Soma Biswas, Miriam Gottfried & Suzanne Kapner, Published on 22/04/2020

» Neiman Marcus Group Inc. is preparing to file for bankruptcy protection as soon as Wednesday, with plans to restructure its debt in hopes of reopening most of the luxury chain's stores after the coronavirus pandemic, according to people familiar with the matter.

BUSINESS

The evolution of CSR in China

Asia focus, Asit K Biswas and Cecilia Tortajada, Published on 06/01/2020

» Over the last decade, Chinese businesses have made significant strides in incorporating environmental, social and governance (ESG) issues into their decision-making. But they still have a long way to go, and they will not get there on their own.

OPINION

Africa's man-made water crisis

News, Asit K. Biswas and Cecilia Tortajada, Published on 22/02/2018

» About a decade ago, at a meeting of South African mayors convened by Lindiwe Hendricks, South Africa's then-minister of water and environmental affairs, we predicted that an unprecedented water crisis would hit one of the country's main cities within 15 years, unless water-management practices were improved significantly. That prediction has now come true, with Cape Town facing a shutdown of its piped water network. The question now is whether African leaders will allow our other projection -- that, within the next 25-30 years, many more of the continent's cities will be facing similar crises -- to materialise.