Tag Archives: months

WeWork could burn through $10 billion rescue finance in 10 months without major costs cuts – AArete

Office-share startup WeWork could blow through its near $10 billion rescue financing package from SoftBank Group Corp in about 10 months unless it quickly implements significant cost cuts, according to Loren Trimble, chief executive officer of AArete, a global consulting firm. “One thing they have to do is get more revenue out of its footprint,” said Trimble, who has combed ... Read More »

Britain’s EU envoy abruptly resigns just months before formal Brexit talks

Britain’s ambassador to the European Union, who sometimes clashed with London over its approach to Europe, abruptly resigned less than three months before Prime Minister Theresa May is due to trigger formal Brexit negotiations. Ivan Rogers, Britain’s envoy to the EU, told staff on Tuesday that he would step down from his post early but did not explain his reasons ... Read More »