Distress

Nestlé Nigeria reported that its liabilities loomed past assets by N78.1 billion (13.4 per cent) last year after a free slide in the value of the naira-stressed operations. The development threw the company into record loss, according to its audited accounts published on Wednesday. Total liabilities for 2023 accelerated to N659.8 billion from N384.8 billion a year ago in reaction to a monumental surge in foreign exchange loss. Fellow multinational PZ Cussons Nigeria made a disclosure of a similar nature last…

Credit: Pixabay/CC0 Public Domain Changes to the social and political landscape between 2011 and 2018, with dramatic events such as DACA rule changes, new presidential leadership, immigration bills and more, have left one major threat looming—deportation. How this threat has impacted the mental health of some undocumented Latino immigrants in the…

Thrasio-style ecommerce roll-up companies such as Goat Brand Labs are struggling to survive amid an overall funding squeeze. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Exclusive interview with FCC head Brendan Carr■ InMobi lines up layoffs in AI-focused push■ ETtech Done DealsEcommerce roll-up companies pause brand buyouts, seek funds for survival The ecommerce roll-up model, where a company acquires multiple brands to accelerate their growth, has been under pressure and the distress…

Credit: Pixabay/CC0 Public Domain Anti-immigrant rhetoric and policies are widely known to have harmful impacts on mental health, but a new policy brief from the UCLA Center for Health Policy Research has revealed large disparities in rates of serious psychological distress across immigrant subgroups in California. Serious psychological distress was…

Amidst a raging funding winter in the growth and late-stage activity of startups across the board, software-as-a-service (Saas)-focussed accelerator and early-stage fund Upekkha said the least amount of distress sales and companies shutting down has happened in the sector compared to the rest.The “venture money destruction” was the least in SaaS and will continue to be least in 2024 as well, managing partner Thiyagarajan Maruthavanan told ET.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Credit: Pixabay/CC0 Public Domain Pension clawback has been poorly understood and is the cause of significant financial implications and distress, particularly for women, a new report warns. Experts have said the appropriateness of the practice should be reviewed and better guidance should be available. Many retired workers who had…

via Miracle Comms There’s no shortage of visually-dazzling science fiction stories out there across film, television, and video games, but crafting a story engaging enough to keep audiences invested throughout is an entirely different – and much more difficult – matter, one that 2016’s Native failed to master. Co-writer and director Daniel Fitzsimmons deserves plenty of credit for crafting such a rich, vivid, and imaginative world on a budget that makes the film look and feel much more expansive and expensive…

Credit: Unsplash/CC0 Public Domain Financial distress can spread through the business network that links different firms at a speed that is dependent on the intensity of interfirm interactions. Empirical results show that, starting from the '80s, the economy has lived in a critical state just above a tipping point, making distress contagion more likely and driving strong effects on risk premia.…

Researchers at Tel Aviv University have recorded and analyzed ultrasonic sounds emitted by plants for the first time. The study found that plants emit specific sounds when under stress, which may be detectable by animals like bats, mice, and insects. Using machine learning algorithms, the researchers were able to distinguish between different plants and types of stress, even in noisy environments. This breakthrough could potentially help humans develop tools to better understand plant conditions and needs, such as sensors…

Defaults and vacancies are on the rise at high-end office buildings, in the latest sign that remote work and rising interest rates are spreading pain to more corners of the commercial real-estate market.For much of the pandemic, buildings in central locations that feature modern amenities fared better than their less-pricey peers. Some even were able to increase rents while older, cheaper buildings saw surging vacancy rates and plummeting values. Now, these so-called class-A properties, whose rents generally fall into a…