Photo: RNZ / Rebekah Parsons-King Squeezed household budgets are putting a big dent in how much money people can spend at the shops and retailers are struggling to stay afloat, some closing doors. Retailers are looking at another tough year ahead, with the latest data showing consumer spending – on everything from food to big…
DetailsPwC Australia announced on Wednesday that it would undertake further job cuts, totalling an additional 329 positions, as part of a significant restructuring effort following a national scandal. This decision comes in the wake of a controversy where a former partner leaked government tax plans, leading to profound repercussions for the firm. The latest reduction…
DetailsDunfast 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…
DetailsThey commenced their roles as Motel Managers with the employer on January 24, 2023. However, their employment was terminated on September 1, 2023, due to business restructuring and building renovations. They were provided with one week’s notice in lieu of the standard consultation process. Was there genuine redundancy? They argued that their redundancy was not…
DetailsA Chinese man who faked his kidnapping in Singapore to free himself of his gambling debt has been charged. The 33-year-old man, Liu Changjian, staged his kidnapping to extort a ransom of 30,000 yuan (over 3 lakh) from his aunt in China. An investigation revealed that Liu had piled on a gambling debt of S$20,000-S$30,000…
DetailsSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that ‘Volatility is far from synonymous with risk.’ So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt…
DetailsA Chinese man who faked his kidnapping in Singapore to free himself of his gambling debt has been charged. The 33-year-old man, Liu Changjian, staged his kidnapping to extort a ransom of 30,000 yuan (over 3 lakh) from his aunt in China. An investigation revealed that Liu had piled on a gambling debt of S$20,000-S$30,000…
Details(Bloomberg) — China Vanke Co. is in talks with banks on a debt swap that would help the cash-strapped developer stave off its first-ever bond default, according to people familiar with the matter. Most Read from Bloomberg Vankes major creditor banks are considering a plan to swap bond holdings worth tens of billions of yuan…
DetailsFour out of five people with incomes below the minimum level are in debt due to household bills, according to a new study. New research commissioned by national debt help charity Christians Against Poverty (CAP) is sounding the alarm about the growing number of low-income households being pulled into debt, simply to pay for essential…
DetailsIf you’re facing big tax debts this year, taking advantage of a tax relief service could make a lot of sense. Getty Images With the April 15 deadline for filing 2023 federal income taxes fast approaching, many Americans are completing their taxes and discovering whether they will receive a refund or owe a tax debt.…
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