The Treasurer, Scott Morrison, strayed into some rather silly territory this week in a speech seeking to lay down a new set of markers for the budget, divvying up government debt into “good” and “bad” debt. In a small way, it’s nice to have a concession at last – that government debt is not always…
A former Lufthansa steward has been convicted of ruthlessly dismembering a wealthy businessman and burning his remains so that he could steal his identity, pay off £275,000 of gambling debts and flee to China. Ming Jiang lured his friend Yang Liu, 36, to his flat in Beswick, Manchester, and murdered him in October last year.…
Sharp Corp. said Friday it posted its first operating profit in three years in the business year that ended March 31, helped by restructuring efforts under Taiwanese parent Hon Hai Precision Industry Co. The electronics maker logged a group operating profit of almost ¥62.5 billion, a turnaround from a ¥161.9 billion loss in fiscal 2015.…
The Royal Bank of Scotlandsaid operating profit before tax hit £713 million in the first quarter this year but it is still being hit by a spate of litigation and restructuring costs.RBS, which is 73% state-owned, said in its Q1 results statement that restructuring costs were £577 million in the quarter, an increase of £339…
Victims of one of the UKs biggest corporate scandals of the 2000s have finally been awarded a payout 16 years after the company went bust. Independent Insurance Company, which at one point was worth almost £1bn, was declared insolvent in 2001, leaving thousands of customers out of pocket. At the time it was one of…
AUGUSTA Hoping to lend a hand to cash-strapped young adults, Democrats are pushing for a student loan forgiveness program that would help lure recent college graduates to Maine. Sen. Nate Libby, D-Lewiston, said the pretty bold initiative would offer to pay off half a graduates student loan debt and refinance the rest at low interest.…
SAN JUAN, Puerto Rico (AP) U.S. President Donald Trump said on Thursday that he is opposed to a push to help Puerto Rico resolve its $70 billion debt load as the U.S. territory faces looming austerity measures amid a deep economic crisis. Trump issued a Twitter blast aimed at efforts to help the island cover…
The Turnbull government will help fund inland rail and is almost certain to build, own and operate the $6 billion second Sydney airport, after Treasurer Scott Morrison paved the way for an infrastructure splurge by changing the way debt will be classified in the budget. Prime Minister Malcolm Turnbull all but confirmed that so-called good…
I dont know much about money, except for the fact that I like it, I have a little bit of it, and would like to have more of it. Ahead of the May budget, I consulted the world wide web to find out what this whole good debt, bad debt business is that Scott Morrisons…
The number of corporate insolvencies in Scotland has fallen in the latest financial year, but total personal cases experienced double-digit growth. Data from Accountant in Bankruptcy, an executive agency of the Scottish Government, revealed a 7 per cent year-on-year drop in corporate insolvencies in 2016-17 to reach 840. READ MORE: Scots pubs and eateries at…