UNCTAD and its partners help equip the African nation with the tools and knowledge to better manage its public debt and enhance transparency. Shutterstock/Janusz Pienkowski | Banknotes of the Ouguiya, Mauritanias official currency. A recently concluded UNCTAD project has helped Mauritania improve its public debt management. Implemented as part of UNCTADs Debt Management and Financial…
DetailsFarmers Insurance will end coverage in Florida, a move that will affect about 100,000 existing policies and represents the latest retreat by insurance companies reluctant to cover Americans living in disaster-prone areas. As more natural catastrophes become billion-dollar disasters and construction costs soar, some insurers have begun limiting coverage or suspending new policies in states…
DetailsAMMAN One of the major commercial centers, a hypermarket“, whose branches are spread in several governorates in the Kingdom, as well as 11 other companies, have submitted an application to declare insolvency to the relevant court, according to the general controller of the Companies Control Department, Wael Al-Armouti. The companies include a major cement manufacturing…
DetailsSAO PAULO, July 12 (Reuters) – Brazilian airline Azul announced on Wednesday it is launching a public offering of senior secured notes due 2028, fulfilling its pledge to raise additional capital as it moves forward with a broader restructuring plan. Azul, Brazil’s largest airline in number of flights and cities served, said in a statement…
Details/ The company has entered a so-called suspension of payment proceeding with a court-assigned administrator helping to lead the company out of debt. All options are on the table. a:hover]:text-black [&a:hover]:shadow-underline-black dark:[&a:hover]:text-gray-e9 dark:[&a:hover]:shadow-underline-gray-63 [&a]:shadow-underline-gray-13 dark:[&a]:shadow-underline-gray-63″The VanMoof S4 e-bike, which you could still buy up until two weeks ago.
DetailsAccording to a new report by the UN Global Crisis Response Group, entitled A World of Debt, a total of 52 countries almost 40 per cent of the developing world are in serious debt trouble, Mr. Guterres said, backing calls for them to receive urgent fiscal relief. Last year global public debt reached a record $92 trillion,…
DetailsJul 12, 2023 Committee chair Deborah O’Neill says she hopes the report will provide the foundation for reform. -AAP Image Australia’s corporate insolvency system is too complex, hard to access and unnecessarily costly and needs a major overhaul. That is the conclusion of a long-running inquiry into the system by the federal parliament’s corporations and…
DetailsBBBLS B.V., known for its innovative soap bubble greenhouse insulation, has been declared bankrupt. The Dutch-Norwegian start-up was close to delivering a demo greenhouse in Monster to prove how the technology works in the Netherlands. The planned festive opening of the greenhouse in Monster failed to materialize this spring. The management filed for bankruptcy itself…
DetailsAustralia’s corporate insolvency system is too complex, hard to access and unnecessarily costly and needs a major overhaul. That is the conclusion of a long-running inquiry into the system by the federal parliament’s corporations and financial services committee released on Wednesday. “Australia’s corporate insolvency system is overly complex, difficult to access, and creates unnecessary cost…
DetailsChina signalled more economic support measures are imminent after authorities took a small step toward supporting the ailing property market by extending loan relief for developers.Top state-run financial newspapers ran reports yesterday flagging the likely adoption of more property supportive policies, along with measures to boost business confidence.Earlier, financial regulators stepped up pressure on banks…
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