The number of company insolvencies increased by 70% year-on-year in the first three months of 2023, according to the latest figures from credit risk analyst CRIFVision-Net. Annual data for January, February and March suggest that inflationary pressures have added further concern for businesses, with a rise in insolvencies across ten counties. Sectors such as hospitality…
Australia’s antitrust regulator, the Australian Competition & Consumer Commission, has proposed granting the nation’s three major supermarket chains a year to resolve post-consumer soft plastic recycling. In November 2022, the ACCC granted conditional interim authorization to the Coles, Woolworths and Aldi chains to solve the problem after the only post-consumer collection company, REDcycle, initially suspended…
An illustration of puzzle pieces coming together Debt consolidation is a form of money management where you pay off existing debts, like credit card debt, personal loans, or medical debt, by taking out one new loan. Usually this is possible through a debt consolidation loan, balance transfer credit card, student loan refinancing, home equity loan…
LONDON, April 6 (Reuters) – Up to half a trillion dollars in debt needs to be written off to help developing nations at greatest risk of default return to sounder fiscal footing and meet climate and development goals, according to a Boston University report released on Thursday. The haircuts on debt owed to public and…