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Tag: rescue

Patisserie Valerie collapses into administration as rescue talks fail

Patisserie Valerie collapses into administration as rescue talks fail

Business
Cafe chain Patisserie Valerie has collapsed into administration after the failure of rescue talks with banks.Administrators KPMG will close 70 outlets immediately, while the remaining 121 will continue trading in the hope of finding a buyer.KPMG said there would be "significant" redundancies. The BBC understands up to 900 of the 3,000 staff may go.In October, Patisserie Valerie uncovered "significant, and potentially fraudulent, accounting irregularities".The company said in a statement that it did not have enough money to meet its debts. The biggest shareholder and chairman, entrepreneur Luke Johnson, had been in talks to extend a cash lifeline from HSBC and Barclays. Mr Johnson has personally e...
Russian rescue amid deadly blaze on two cargo ships off Crimea

Russian rescue amid deadly blaze on two cargo ships off Crimea

World
Media playback is unsupported on your device At least 11 people have died in a fire involving two Tanzanian-flagged cargo vessels in the Black Sea near the Kerch Strait, authorities say.Russian rescuers are trying to reach sailors who jumped overboard. Fourteen people have so far been rescued.One ship is a gas tanker, and the fire reportedly followed an explosion, which set the other vessel on fire.They were named as the Kandy, with a crew of 17 from Turkey and India, and Maestro, with 14 sailors.The fire broke out when one vessel was transferring fuel to another, Russian maritime agency spokesman Alexei Kravchenko said, adding that this had then forced several crew members to jump overboard. Rescue workers reportedly witnessed a further three...
It's now up to President Trump to rescue the stock market from ending 2018 in the red

It's now up to President Trump to rescue the stock market from ending 2018 in the red

Finance
If the stock market is going to end the year with gains, it could all come down to this weekend and the meeting between President Donald Trump and China President Xi Jinping. Stocks have been whipped by headlines on trade, and on Thursday alone the market was encouraged by comments from Trump that he wanted a deal but then disappointed when he said he wasn't sure he would agree to one. Stocks also fell because of reports that Trump trade advisor Peter Navarro, a China hawk would be in attendance at the dinner meeting Saturday night. But then the market bounced on a Wall Street Journal report that said the U.S. and China were exploring a deal where the U.S. would hold off of further tariffs until spring,...
Billionaire Day weighs House of Fraser rescue bid

Billionaire Day weighs House of Fraser rescue bid

Business
The high street billionaire who owns Jaeger is exploring a bid to save House of Fraser (HoF) as the department store chain teeters on the brink of collapse. Sky News can reveal that Philip Day, the owner of Edinburgh Woollen Mill Group, is one of a small number of potential investors referred to by HoF in a statement on Wednesday disclosing it was in talks with unnamed backers.The discussions with what HoF referred to as "alternative investors" have been made necessary by delays to, and the eventual collapse of, a £70m funding deal from the Chinese owner of Hamleys.Sources said that Mr Day, who has used a canny series of takeover swoops to amass one of Britain's largest retail empires, was at the early stages of a potential bid for HoF, which needs to secure fresh fina...
Empathetic, calm dogs try to rescue owners in distress, study finds

Empathetic, calm dogs try to rescue owners in distress, study finds

Science
July 24 (UPI) -- Behavioral experiments suggest dogs are prosocial and empathetic, and some dogs will help owners in distress. To better understand how dogs relate and react to humans in distress, scientists observed the responses of dogs to different stimuli and scenarios. In one scenario, researchers had dog owners either make cries of distress or hum while sitting in a chair behind a transparent door. Researchers observed the dogs' responses and measured their heart rates. In a followup experiment, researchers analyzed how dogs looked at their owners to gauge the strength of their relationship. The results showed dogs were equally likely to open the door in response to both crying and humming. However, dogs opened the door more quickly when reacting to their owners' cries. Dogs with l...