Gambling’s ‘crack cocaine’ is devastating lives and not doing much for the economy either – The Conversation UK

Since 2008, UK gamblers have squandered £11.4 billion playing games such as poker and roulette on fixed-odds betting terminals (FOBTs). These sophisticated gaming machines, often referred to as the crack cocaine of gambling, are to be found in high street bookies and casinos across Britain, allowing people to bet up to £100 every 20 seconds.…

Company running Bangor University’s ‘Food Dudes’ in liquidation … – BBC News

Company running Bangor University’s ‘Food Dudes’ in liquidation 17 May 2017 From the section North West Wales Image caption The project encouraged healthy eating among schoolchildren A company which ran a healthy eating project for children is in liquidation with estimated debts of £1.2m. Food Dudes, created by Bangor University after 25 years of research,…

Exclusive: Alibaba’s Ant Financial close to closing bigger-than-expected $3.5 billion debt financing round – CNBC

Raising money in U.S. dollars will help Ant Financial spend money abroad as the Chinese government continues to keep an eye on capital outflows. In December, the government clamped down on the amount of money companies could move out of China, and while those restrictions have eased slightly, moving yuan can still be difficult. Having…

NBN, Vodafone contractor Daly International goes under owing millions – CRN Australia

Daly International, an infrastructure contractor that worked on the National Broadband Network, has called in administrators under the weight of millions in debt to unsecured creditors and employees. The infrastructure delivery company, which has offices in Australia and the UK, appointed Peter Dinoris of Artemis Insolvency on 13 April after more than 25 years in…

Rod Culleton asked to repay salary after being declared bankrupt and disqualified from Senate – International Business Times AU

The federal government requires former One Nation senator Rod Culleton to pay back $200,000-a-year salary he earned as a senator and the amount he spent for his staff along with other expenses after the High Court found he was not qualified to run for election. Culleton reportedly plans to take his case to the highest…