A group of experts from the Boston University Global Development Policy Center, Heinrich-Bll-Stiftung, and the Centre for Sustainable Finance, School of Oriental and African Studies (SOAS) University of London, published a report outlining concrete proposals on how to restore debt sustainability and mobilize resources to achieve shared development and climate change goals. The report titled,…
DetailsThe recent outbreak of high inflation means millions of Australians with student loan debts are facing a 7.1% increase in June. This is because Help debts (and Hecs, and some other student loans) are re-indexed every financial year using a formula based on the cost of living index. Relatively recent changes to the Help repayment…
DetailsSummary Law Firms Ropes & Gray is winding down its Hong Kong restructuring practice after “review of client needs in the region” The firm said Asia restructuring group leader Daniel Anderson is leaving for Freshfields (Reuters) – U.S. law firm Ropes & Gray is shutting down its business restructuring practice in Hong Kong, with its…
DetailsThe number of corporate insolvencies in the North East has fallen slightly in the first three months of the year but remains at worrying levels, industry experts say. Official insolvency figures revealed a 3.7% quarter-on-quarter fall in the number of corporate insolvencies across England and Wales between the final three months of last year (5,969)…
DetailsCompanies Ford Motor Co Follow May 3 (Reuters) – Ford Motor Co (F.N) expects to take up restructuring charges between $1.5 billion and $2 billion in 2023, it said in a regulatory filing on Wednesday, as part of the U.S. automaker’s move to exit unprofitable locations and cut headcount. The charges will be primarily attributable…
DetailsREVEALED: How Wes Brown lost his millions to end up bankrupt – bad property deals, overpaying on a farm and trying to keep up with team-mates earning SIX times as much as him By Nathan Salt For Mailonline and Alex Miller And Nick Harris For The Mail On Sunday Published: 19:31 AEST, 3 May 2023…
DetailsA supplier of precision engineering services to the aerospace and defence industries is on the brink of collapse after its shareholders plans to restructure the business were blocked amid objections from the tax authorities. Sky News has learnt that prospective buyers of Nasmyth Group, a Coventry-based company bought by Rcapital last year, have been asked…
DetailsMay 03, 2023 13:22 The number of people who file for bankruptcy or personal insolvency after failing to repay their debts surpassed 70,000 during the first quarter of this year, up more than 40 percent compared to the same period of 2022. But this is only the beginning as more and more small business owners…
DetailsHigh borrowing costs and inflation are weighing heavily on businesses, official figures suggest. Company insolvencies rose 16% in March compared to the previous year as business owners struggled to contend with soaring costs and tougher economic conditions. Experts predict that more will follow, as the economy continues to stagnate. Last month there were 2,457 insolvent…
DetailsGreen Labs, a promising Korean startup that has undergone a restructuring process due to financial difficulties, is now set to soar to new heights with a new chairman of the board and a business normalization plan. The company plans to focus on its core business, Farm Morning, a community-based data agriculture solution, and accelerate business…
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