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Corporate News

Brooks Brothers on verge of being sold

NEW YORK: Bankrupt Brooks Brothers Group Inc is on the verge of being sold to a partnership that includes the new owner of Barneys New York and one of the biggest US mall operators.

World

Lower insolvency number in Germany does not reflect COVID-19 effects

BERLIN, Aug. 10 (Xinhua) -- The number of business insolvencies among German companies decreased by 9.9 percent in May year-on-year to just above 1,500, the country's Federal Statistical Office (Destatis) announced on Monday.