WASHINGTON, April 15 (Reuters) – Africa is struggling with the triple shock of rising debt burdens, an ongoing food crisis and climate change fallout and needs more help from international institutions and wealthy nations to cope, African finance ministers said on Saturday. Developing African economies were only beginning to recover from the COVID-19 pandemic when…
DetailsIn this weeks TGIF, we consider the Federal Courts recent decision in Fotios (Bankrupt) v Helios Corporation Pty Ltd (No 3) [2023] FCA 251, and earlier decisions in the same proceedings, clarifying the current Australian position as to priorities between creditors of successive trustees. Key takeaways The insolvency of personal and corporate trustees continues to raise difficult…
DetailsUpdated Mar 29, 2023 10.16am, first published at Mar 24, 2023 9.21pm The co-owners of the Callide C coal-fired power station in Central Queensland, have gone into voluntary administration. Amid ongoing uncertainty over the power station – which has been beset by delays following an explosion at its C4 unit in May 2021 – Deloitte…
DetailsGhana has defaulted on loans and is among 22 countries which either have excessive debt or risk facing it, the World Bank says. AFP Paris, France: After the epidemic and Russias invasion of Ukraine, Africa is facing decades-high levels of debt, but the international community is finding it difficult to come to an agreement on…
DetailsThe ruse ended when a regular audit brought to light a couple of suspicious payments. The 31-year-old Tauseef Sadeeq couldnt come up with plausible explanations when questioned, leading to a deeper investigation, ending with Sadeeq being sentenced to prison time. Sadeeq Wont Be Practicing Law Anymore He was the first-ever trainee at the law firm,…
DetailsPosted on: April 12, 2023, 04:22h. Last updated on: April 13, 2023, 10:33h. With seven world titles and three Olympic Golds, Zhang Jike, 35, is the closest thing table tennis has to a superstar. Table tennis star Zhang Jike, main image, is accused of attempting to pay gambling debts with intimate videos of his ex-girlfriend,…
DetailsZhang Jike is a former table tennis star from China that is globally recognized. He was the fourth male player in the history of the sport to hit a career Grand Slam, after winning gold in the mens singles during the Olympic games in London in 2012. And thats not Jikes only recognition within table…
DetailsRenowned Chinese table tennis player and Olympic gold medalist Zhang Jike is in hot water after being accused of accumulating a significant gambling debt and resorting to using private photos of his celebrity ex-girlfriend Jing Tian as leverage to repay it. An online post revealed that Zhang had sent the photos and video clips to…
DetailsPOP Canberra will remain open for the time being and continue to trade. Photo: POP Canberra, Facebook. One of Canberras most colourful start-up stores has entered voluntary administration. POP Canberra, located at 27 Lonsdale Street in Braddon, only opened during the COVID lockdown in 2020; however, it has strong ties to the city as a…
DetailsDebt-laden Future Retail has received approval from the bankruptcy court to extend the date to complete its resolution process by another 90 days to July 15. The current deadline is April 16. The Mumbai bench of the National Company Law Tribunal (NCLT), which heard the petition filed by Futture Retails resolution professional on Thursday, granted…
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