Gulf Times - bailout
British government plays down bailout chances for Thomas Cook

British government plays down bailout chances for Thomas Cook

The British government appeared to play down the chances of a bailout for troubled travel firm Thomas Cook as company representatives met major shareholders and creditors on Sunday in a last-minute search for funds.

Thomas Cook has approached UK government for bailout funds: FT

Thomas Cook has approached UK government for bailout funds: FT

Britain's Thomas Cook Group Plc has approached the UK government for a bailout in an attempt to save itself from collapse after its lenders threatened to pull out of a proposed rescue deal ...

India's Jet grounds three-fourths of fleet as it awaits bailout funds

India's Jet grounds three-fourths of fleet as it awaits bailout funds

India's Jet Airways has been forced to ground more than three quarters of its fleet after failing to pay lessors, as the debt-laden carrier struggles to secure bailout funds promised by state-run banks.

Greece praised for successful end to bailout; challenges remain

Greece praised for successful end to bailout; challenges remain

EU officials praised Greece on Monday for successfully concluding its third and final bailout programme, ending eight years of international loans aimed at lifting the country out of its debt crisis ...

Dubai's recipe for economic success is getting stale

Dubai's recipe for economic success is getting stale

Nine years ago, Dubai needed a $20bn bailout from Abu Dhabi to escape a debt crisis caused by collapsing property prices.

Greece to get 5.7 bn euros in bailout cash

Greece to get 5.7 bn euros in bailout cash

Eurozone authorities will make a fresh 5.7 billion euro cash injection to Greece on Wednesday, putting Athens further down the road to leaving its painful bailout programme later this year.

Greek tourism shows robust growth in early season

Greek tourism shows robust growth in early season

Early figures on tourism, a vital source of money for heavily indebted Greece, indicate that the south-eastern European country is cashing in on warm summer weather.

Sri Lanka requests IMF bailout to tackle budget deficit

Sri Lanka requests IMF bailout to tackle budget deficit

Sri Lanka has made a formal request for an IMF bailout package to aid its struggling economy after a sharp slowdown in growth and with its budget deficit widening, officials said Saturday.