Category: Business Consultant

German finance company Wirecard files for insolvency amid accounting scandal

German financial technology company Wirecard is filing for insolvency after an accounting scandal that led to the arrest of its former chief executive earlier this week.

The payment systems provider said it would make the filing at a district court in Munich “due to impending insolvency and over-indebtedness”.

It added in a brief statement that it is evaluating whether insolvency applications also have to be filed for its subsidiaries.

Markus Braun resigned as CEO on Friday after the company said that auditors could not find accounts containing 1.9 billion euros (£1.69 billion).

On Monday, Wirecard said it had concluded that

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25 Surprising Jobs That Will Be the Best for Your Career

One of the key factors of a satisfying job is the ability to advance in your career, but identifying whether a potential job comes with this important component can be tricky. To find the jobs with the most career opportunities, Glassdoor analyzed millions of employee reviews on its site and found the 25 jobs that are most likely to allow you to climb the career ladder — and some of them might surprise you.

Last updated: Feb. 18, 2020

Software Development Engineer

  • Median base salary: $117,250

Almost half of the jobs on Glassdoor’s list are in tech, but software engineers

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Maaden Phosphate Unit Signs $4.1 Billion Finance Deal

(Bloomberg) —

Saudi Arabian Mining Co.’s phosphate unit signed an accord with a group of lenders to refinance and reschedule $4.1 billion in debt as it seeks to trim interest costs amid a collapse in commodity prices.

Maaden Waad Al Shamal Phosphate Co. will refinance $2.3 billion owed to a syndicate of commercial banks and financial institutions, according to a statement. It will also reschedule $1.8 billion of debt owed to Saudi Arabia’s Public Investment Fund and transfer it to the Public Pension Agency.

The refinancing allows the phosphate business to reduce interest expense and pushes back the start of

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Most can’t work remotely despite COVID-19

Mari Madlem says she has plenty of worries about going back to work during the coronavirus pandemic.

But the 69-year-old from Portland, Oregon, doesn’t have the option of telecommuting since she works as a cosmetics saleswoman at an upscale department store.

“I really have a lot of contact with people,” she says, adding that she’s anxious about whether co-workers and customers will take precautions like wearing masks. “If I don’t go back, I’m out of work.”

Despite her fears, Madlem is planning on returning because her monthly Social Security benefit of $1,240 isn’t enough to live on. Although her employer

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Target raises minimum wage to $15 an hour for store, distribution and headquarter employees

With the U.S. economy awaking from its COVID-19 pandemic induced slumber, Target (TGT) is opening up its wallet pretty wide in an effort to retain — and attract — workers to meet a potential surge in consumer demand in stores and online.

The discount retailer said Wednesday it will permanently raise its starting wage for its store, distribution and headquarter employees to $15 an hour beginning July 5. Target says the move will impact 275,000 employees that work at its stores and distribution centers. The company raised its starting minimum wage to $13 an hour last June as part of

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