The Paris Club, a collection of some of the worlds wealthiest creditor nations, has announced the cancellation of 99% of Somalias debt, in a major boost as the country continues its fragile economic recovery from an ongoing three-decade conflict. In a statement released by the Paris Club, which is run by senior officials from the…
The Victorian-based outfit called in administrators on Wednesday, according to ASIC records, for four companies that make up the business: Deeds Group Pty Ltd, Deeds Brewing Company Pty Ltd, Future Proof Distilling Pty Ltd and Deeds Taproom Pty Ltd. It employs about 50 staff, whose futures now hinge on whether the brewery is able to…
A popular Australian brewery is on the brink of collapse as restructuring practitioners urgently look for a buyer or a way to turn its fortunes around. Four businesses that formed the group of companies behind Victorian-based Deeds Brewing went into voluntary administration on Wednesday. The proudly independent Deeds Brewing operates a brewery, distillery and canning…
In short: The way child support is calculated has been criticised for not factoring in the growing cost of living and additional expenses for education, medical and children with special needs. About one third of all parents in the scheme or about 218,000 have a debt, and collectively they owe $1.7 billion in unpaid child support.…
Nearly 60% of people with medical debt have chosen not to get care due to cost. Rep. Liz Reyer (DFL-Eagan) quoted that information from a study by the Peterson Center on Health Care while presenting HF1814 Thursday to the House Health Finance and Policy Committee. Part of the Minnesota Debt Fairness Act, the bill would…
Paying your credit card debt off now could make it easier on your finances, even amid rising inflation. Getty Images Prices are rising due to inflation, and chances are that you’ve felt the pinch at the pump, the grocery store and just about anywhere else you spend money. At the same time, interest rates are…
Dunfast Pty Ltd has been wound up. Photo: Frogman1484. Transport business Dunfast Pty Ltd, which trades under the name Griffith Fast Freight, was wound up in insolvency by the Federal Court on Friday (8 March), ending a decade in operation. According to court documents obtained by Region, the wind up motion was lauched by the…
Pennsylvania State Senator Wayne Fontana is planning to introduce legislation that will prohibit the use of credit cards for online sports gambling, iLottery, fantasy sports, and online casino play. He sent a memo to colleagues asking for co-sponsors to his bill on March 6. The senator believes a Pennsylvania gaming credit card ban is needed…
KARACHI: A senior Chinese diplomat this week said Beijing had never pressured Islamabad to repay loans and had recently rolled over $2 billion in debt as the payment date neared, adding that China would help Pakistan overcome its foreign debt challenges. International financial institutions and Chinas rivals like the US have raised concerns that the…
BRA – Braathens Regional Airlines (Stockholm Bromma) has completed its restructuring that it started last October, the airline announced in a press release. Several actions were taken to increase profitability, it said, while existing shareholders invested a further SEK114 million kronor (USD11.1 million) in the company to help with the process, which is similar to…