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Explainer - Supply chain finance: Greensill's business model

3 Min Read
(Reuters) - SoftBank-backed British fund Greensill Capital is in talks to sell large parts of its business after losing the backing of two asset managers who underpinned parts of its multi-billion dollar supply chain financing model.
WHAT IS SUPPLY CHAIN FINANCE?
Supply chain financing, often also referred to as reverse factoring, is a method by which companies can get cash from banks and funds such as Greensill Capital to pay their suppliers without having to dip into their working capital.
In a typical example, a company such as a supermarket chain, concerned about its small food suppliers during a temporary shock such as the COVID-19 pandemic, approaches its bank. ....

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What happened at Chernobyl and how many people died?

By Sun Reporter
Updated: 3 Mar 2021, 20:21
By Sun Reporter
Invalid Date,
THE nuclear catastrophe in Chernobyl claimed 31 lives as well as leaving thousands of people and animals exposed to potentially fatal radiation.
Here s all the grim details about the world s worst nuclear disaster.
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The explosion at the Chernobyl plant is thought to be the world s worst nuclear disasterCredit: Getty - Contributor
What happened at Chernobyl?
When an alarm bellowed out at the nuclear plant on April 26, 1986, workers looked on in horror as the control panels signalled a major meltdown in the number four reactor.
The safety switches had been switched off in the early hours to test the turbine but the reactor overheated and generated a blast - the equivalent of 500 nuclear bombs. ....

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Biden's SEC nominee vows review of GameStop trading issues

U.S. President Joe Biden's pick to head a key market regulator promised on Tuesday a thorough review of issues raised by the GameStop Corp stock frenzy and suggested companies may have to disclose their potential risks from climate change. ....

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Explainer: Can Southeast Asian diplomacy end crisis in Myanmar?

The Association of Southeast Asian Nations (ASEAN) holds a meeting of foreign ministers on Tuesday to discuss the crisis after Myanmar's Feb. 1 coup, which will include representation from the military government. ....

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EXPLAINER-Can Southeast Asian diplomacy end crisis in Myanmar?

The Association of Southeast Asian Nations (ASEAN) holds a meeting of foreign ministers on Tuesday to discuss the crisis after Myanmar's Feb. 1 coup, which will include representation from the military government. ....

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