A child poses for a photo at the booth of Shanghai Disney Resort during an exhibition of the 2nd China (Wuhan) Culture and Tourism Expo on April 22, 2023 in Wuhan, Hubei Province of China. Walt Disney Co has begun a second round of layoffs as part of an earlier announced restructuring expected to result…
Corporate insolvencies increased 22% year-on-year in the first quarter, jumping from 120 to 146, according to the latest figures from Deloitte. However, insolvencies fell from 152 in the previous quarter, so a forecasted increase in corporate insolvency activity has as yet failed to materialise. David Van Dessel, partner for financial advisory at Deloitte, said the…
A Vietnamese flag flies atop the State Bank building, near the Vietcombank and Bank for Investment and Development of Vietnam buildings, in central Hanoi, Vietnam. REUTERS/Kham/File photo HANOI Vietnams central bank will restructure loans for some businesses facing difficulties, including delaying loan repayments, the government said, as it seeks to shore up a slowing economy.…
Citizens Advice has warned people are at risk of “spiralling into debt” amid the cost-of-living crisis. That is the bleak forecast from Citizens Advice in the Black Country as new figures show the number of personal insolvencies has gone up across the region. A person becomes insolvent when they are unable to pay their debts…
Corporate insolvencies in the Republic rose by 22 per cent in the first quarter of 2023, according to Deloitte. The consultancy said there were 146 business failures recorded in the first three months of the year, up from 120 in the same quarter last year. However, Deloitte noted the number of insolvencies was marginally down…
The number of corporate insolvencies recorded in the first three months of the year rose 22% compared to the same period last year. But overall the number of insolvencies is down slightly on the last three months of 2022, indicating that the forecasted steep increase in firms going out of business is not currently happening.…