Getty Images By Anthony Zurcher North America correspondent Joe Biden and congressional leaders from both parties met at the White House on Tuesday to discuss raising the limit on new debt the US can issue. It marks the second week of in-person discussions to prevent a default – a potential scenario that comes with dire…
DetailsA year ago Ghanas finance minister, Ken Ofori-Atta, eschewed talk that his country would need a bail-out from the IMF. Ghana had at that point been in and out of 16 Fund programmes since attaining independence in 1957. We have forgotten how difficult and tenacious that master from Washington was, he said. Yet now Ghana…
DetailsDebt is not something anyone dreams of accumulating, but accumulate we do because we are creatures of desire. While the best option to avoiding debt is to simply tamper your hunger for anything new and shiny, it can sometimes creep up on us through no fault of our own. This can occur from not receiving…
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Details(Bloomberg) — England and Wales recorded fewer insolvencies in April than a year earlier, indicating the number of failing businesses may be starting to stabilize. A total of 1,685 firms went bust last month, a drop of 15% compared with April 2022, according to the Governments Insolvency Service. But that followed a 16% surge in…
DetailsArticle content (Bloomberg) England and Wales recorded fewer insolvencies in April than a year earlier, indicating the number of failing businesses may be starting to stabilize. Article content A total of 1,685 firms went bust last month, a drop of 15% compared with April 2022, according to the Governments Insolvency Service. But that followed a…
DetailsKevin Jackson, Oak Park Village Manager | Provided Oak Park Village Manager Kevin Jackson has proposed a significant restructuring of village staff with the impending retirement of department director Tammie Grossman, who oversees the villages commercial development and housing, as well as parking and permitting. Breaking up Grossmans vast division, currently called the Development Customer…
DetailsEleanor Temple, chair of the insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds Corporate insolvencies decreased by 31.8% in April 2023 to a total of 1,685 compared to Marchs total of 2,471, and decreased by 15.2% compared to April 2022s figure of 1,988. Corporate insolvencies increased by…
DetailsTom Hill and Julius Steinert DB3 Group, the UK-based architecture, engineering and building services consultancy, has made some “significant” operational changes to the company. The changes follow a restructuring of the business to include key promotions and repositioning of business leaders. In December 2022, DB3 transitioned to an employee-owned model, and since then have been…
DetailsAs a result of its failure to secure long-term investment, responsive space launch provider Virgin Orbit Holdings, Inc. along with its US subsidiaries, has filed for Chapter 11 bankruptcy protection in order to effectuate a sale of the business. The Chapter 11 filing comes after the companys sixth mission in January, in which its centrepiece…
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