Addressing the Fourth International Conference on Small Island Developing States in Antigua and Barbuda, Vatican Representative Msgr. Robert Murphy calls on developed nations to cancel their debt to support their resilience and development in the face of climate and environmental crises. By Lisa Zengarini The Holy See has called for increased efforts from developed nations…
DetailsRead this article in: Private debt (or private credit) has emerged as one of the strongest asset classes within the alternative investment universe. During the fourth quarter of 2023, the deal flow for private credit picked up, reversing the slowdown seen earlier in the year. In its alternative investment universe outlook for 2024, JP Morgan…
DetailsThanks to a cheeky drop of data from the Parliamentary Library, the electorates with the highest amount of HELP debt in Australia have been revealed. Some seats accumulated over a BILLION dollars in student debt all by themselves, which has politicians calling for more to be done. Many of the seats with the highest debt…
DetailsBaaS provider Dock Financials two German entities have filed for insolvency, despite the company planning to continue the operations of its regulated entity in Luxembourg. As per the information provided, two of the Germany-based entities of Dock Financial filed for insolvency, with the news following the companys US counterpart Synapses bankruptcy news from the end…
DetailsBuilding costs and skilled worker shortages have forced a Central Coast construction company into voluntary administration. Stevens Constructions has worked on luxury projects across the region since 2006. Read the full article at: https://www.nbnnews.com.au/2024/05/29/central-coast-construction-company-enters-voluntary-administration/
DetailsA string of Brisbane bakeries and other hospitality venues run by award-winning chef Shannon Kellam have shut down, with the company behind them collapsing and 90 staff losing their jobs. Kellam’s BCN Events Group, which runs a number of hospitality businesses including King Street Bakery and Mica Patteserie, called in Mark Holland, Jamie Harris and…
DetailsFruit and vegetables have recorded their largest annual price rises in a year, increasing by 3.5 per cent. The Australian Bureau of Statistics has today released its latest annual inflation data, revealing that increases in food, housing, alcohol and transport costs have driven inflation to 3.6 per cent. Fruit and vegetable prices have recorded their…
DetailsBruno Mars isnt in the red with MGM, that is, according to the hospitality and casino giant. In a statement given to the Las Vegas Review-Journal on Monday, MGM Resorts shut down rumors the 24K Magic singer had racked up a $50 million gambling debt, and that he was paying his balance via multiple business…
DetailsRUMOUR CONFIRMED Last Friday, The Rumour File was alerted to a private hospital which had entered voluntary administration. It was confirmed this morning, with hospital management forced to cancel surgeries and move patients to other hospitals. Press PLAY to hear the full story on The Rumour File Image: iStock Read the full article at: https://www.3aw.com.au/private-hospital-in-melbournes-west-enters-voluntary-administration/
DetailsIf youre in debt, youre certainly not alone. According to data collated by the New York Federal Reserve, household debt in the U.S. rose by $184 billion to reach $17.69 trillion in the first quarter of 2024. That includes $12.61 trillion worth of mortgage loans, with the remainder comprised of consumer debts like credit card…
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