Saudi sheikh who owns 45m London mansion ‘sent 17 bouncing cheques ‘ as casino that appeared in James Bond’s Dr No pursued him for 2m gambling debt Sheikh Salah Hamdan Albluewi accused of failing to settle the gambling debts Ran up the debt last September according to Les Ambassadeurs Club in Mayfair The casino went…
Infosys is planning to reduce senior roles in the workforce in a staggered manner. Delivery managers, AVPs, VPs and SVPs would be some of the roles that would be impacted BusinessToday.InNew Delhi Last Updated:June 1, 2020 |13:48 IST Infosys is restructuring the company’s higher rungs in order to ensure faster decision making and flatten the…
The COVID-19 pandemic situation is challenging the economies of the world, including an impact on large and small businesses. Despite the many relaxations granted by the government of India and various state governments, the impact on businesses is deep. While some large businesses have cash reserves and resources to bide them by, the impact on…
Organic Dairy Farmers of Australia has gone into voluntary administration following increased pressure from the coronavirus pandemic. The dairy co-operative was taken over by Scott Andersen and Ivan Glavas of Worrells Solvency and Forensic Accountants on May 15. Based in Geelong, Organic Dairy Farmers of Australia is the largest producer of certified organic milk in…
Independent media business Grant Broadcasters is preparing for a restructure of its digital assets, appointing new group general manager digital Bianca Shugg to oversee the operation. A newly re-formed digital leadership group, constructed of four different verticals, will now report to Shugg who joined the company in January from Southern Cross Austereo (SCA) and began…
Even before the outbreak of Covid-19, the level of global debt was high by historic standards. According to the Institute of International Finance, by late 2019 global debt (including private and public debt) was more than US$250 trillion. Public debt, in particular, has increased everywhere since the global financial crisis of 2008. International Monetary Fund…
Emergency access to superannuation during the COVID-19 shock has triggered a spending spree for some Australians, who are splashing cash on gambling, alcohol and takeaway food rather than essential household items. Key points: The average person who withdrew super spent $3,000 more in a fortnight than they normally would Around 14pc of that spending went…
Rugby Australia is expected to start laying off staff as early as this week after finally completing its 2019 financial report. The heartbreaking decision to cut jobs looms as the only way the cash-strapped code can survive in the future even after getting the thumbs up to continue operating from its accountants KPMG. Despite being…