No matter your financial and lifestyle situation, paying off debt can feel overwhelming and isolating. While being in debt is nothing to be ashamed of, you may feel unable to ask for help. You might feel like your debt is solely your responsibility, and that asking for help will make you seem irresponsible. However, when…
DetailsSummary Bondholders agreed to a payment pause until summer 2024 Ukraine tells investors it aims to restore capital market access Kyiv looks to Western partners, multilaterals for credit backing – sources LONDON, Oct 9 (Reuters) – Ukraine has been sounding out major investors over plans to restructure the country’s $20 billion in international debt and…
DetailsWhen the German banking giant Wirecard collapsed in June 2020 amid a roaring fraud scandal, public opinion was shocked. The company, praised as the countrys innovative answer to the fintech industry of Silicon Valley, had been widely seen as a German miracle following recovery from the 2008 financial crisis. Its bankruptcy involved a massive state…
DetailsDebt-laden companies across Europe, Middle East and Africa face a $500 billion refinancing scramble in the first half of 2024, a challenge that could kill off many zombie businesses even though an expected peak in rates could bring some relief. Businesses facing rising debt costs after years of low rates will have to compete to…
DetailsGermany is a bellwether for international economic robustness, but the first half of the year saw the number of German companies filing for insolvency proceedings rise by a hefty 20.5% compared to the first half of 2022 (according to Destatis). This is the largest percentage jump in more than two decades. No wonder that investors…
DetailsVIENTIANE, Oct. 9 (Xinhua) — The Lao government has learnt about good practices for enhancing public debt management from a high-level policy dialogue, which will help the government strengthen public debt management. The two-day dialogue was held by the Asian Development Bank (ADB) in partnership with the Lao Ministry of Finance in the Lao capital…
DetailsPresident Biden said Wednesday his administration has approved $9 billion more in student loan forgiveness as he pledged to continue to look for ways to deliver debt relief to borrowers despite opposition from conservatives. My administration will continue to use every tool at our disposal to help ease the burden of student debt so more…
DetailsThe number of insolvencies in the third quarter of the year was up 54% on the same period last year. Between July and September, 185 insolvencies were recorded, compared to 120 during those three months in 2022. But new data from credit risk analyst, CRIFVision-Net, shows that while insolvencies grew during that period, so too…
DetailsThe number of companies going out of business jumped more than 50 per cent between July and September, even as new businesses continued to be created. There were 185 insolvencies during the third quarter of the year, up from 120 a year ago, according to credit risk firm CRIFVision-net. The increase suggests inflation pressures are…
DetailsIntroduction I would like to acknowledge the Gadigal people of the Eora Nation who are the Traditional Custodians of the Land where we are meeting today. I would like to pay my respects to their Elders past, present and emerging and extend my respect to any Indigenous Australians who are with us today. Thank you…
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