Global consultancy firm Ankura has brought one of its powerhouse lines of business turnaround and restructuring to the Middle East. Based out of Dubai and the recently launched Riyadh office, Ankura advises clients on a wide range of management consultancy, financial advisory and technology topics. In the region, most of its work focuses on mergers…
DetailsGetty Images By Jemma Dempsey BBC News Fears of a “debt time-bomb” have been raised by Citizens Advice, which said growing numbers of households faced a “wild west” when seeking help. The charity said it is helping more people who do not have enough income to cover essential expenses. Director of policy Matt Upton said…
DetailsDebt consolidation involves combining several debts into a single loan to reduce the number of bills youre paying each month. Ideally, when consolidating debt, you also lower the overall interest rate and can ultimately pay off the debt more quickly. If youre considering debt consolidation, you should decide which method is best and evaluate your…
DetailsThe post-pandemic economic recovery initially exceeded expectations. Now many Canadian businesses are struggling with rising interest rates, heightened residual debt loads, ongoing supply disruptions, a labour shortage, and threats of an economic downturn. Consumers and business debtors are both faltering. Pressures are increasing on small and medium-sized enterprises (SMEs) as Canada Emergency Business Account (CEBA)…
DetailsArticle content A man in China was sentenced to prison after kidnapping his own granddaughter and attempting to extort ransom money from his family to support his gambling addiction. Article content According to legal news outlet the Shanghai Law and Rule Journal where the kidnapping was first reported, the 65-year-old Shanghai resident, identified only as…
DetailsWeil advised an ad-hoc group of noteholders in relation to the consensual recapitalization and financial restructuring of Frigoglass S.A.I.C. and the group of companies formerly controlled by it (the Frigoglass Group). The Frigoglass Group is a Greece-based manufacturer of commercial refrigerators as well as a leading manufacturer of frozen packaging, with operations in Europe, the…
DetailsArticle content A man in China was sentenced to prison after kidnapping his own granddaughter and attempting to extort ransom money from his family to support his gambling addiction. Article content Take out 500,000 yuan in three days, or youll never see your precious daughter again! Yuan told his daughter, the Journal detailed. She called…
DetailsWidow whose husband set himself on fire in front of their son, 16, after running up 250,000 gambling debt says ministers should crack down harder on the gaming firms Bill Troshupa killed himself in front of son, 16, over 250k gambling debts His wife, mother-of-two Julie Martin, called for a clampdown and better checks She…
Details‘, ”); $(‘.vjs-poster’).attr(‘style’, newVjsPosterStyle); clearInterval(timerPoster); } }, 500); ]]> Insolvency statistics from the first quarter of the year have raised concerns that larger companies could begin to be impacted by high levels of distress among small businesses. These concerns come as new figures show that insolvencies remained close to a 13-year high in Q1 2023.…
DetailsIt was the winter that never came: Europe rode out the energy crisis thanks to good weather, and the EU has so far avoided a recession that was thought a nailed-on certainty a year ago. You can read the full report by Larry Elliott, the Guardians economics editor, here: Holger Schmieding, chief economist at Berenberg,…
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