An Easy Way to Provide Debt Relief for the World’s Poorest Countries – The Globalist

Debt Help

In certain circumstances, common morality says that creditors should not force their borrowers to pay interest and principal fully and on time. The COVID 19 pandemic and the global economic collapse it has caused are just such circumstances, for both persons and governments. For the poorest countries harmed by the crisis (e.g., Guinea, Haiti, Nepal),…

Miniso Australia in financial turmoil after master franchisee collapses, owing $14.6 million – SmartCompany.com.au

Liquidation

The Australian master franchisee for multinational discount retailer Miniso has collapsed into voluntary administration after the COVID-19 pandemic saw sales tank in recent weeks. Miniso Master Franchisee Pty Ltd, the main revenue generating entity associated with Minisos business in Australia, appointed administrators from Grant Thornton earlier this week, owing an estimated $14.6 million to creditors.…