A federal appeals court on Wednesday declined to put on hold a Texas judge’s ruling that said President Joe Biden’s plan to cancel hundreds of billions of dollars in student loan debt was unlawful. Getty Images | Saul Loeb A federal appeals court on Wednesday declined to put on hold a Texas judge’s ruling that…
DetailsNEW YORK, Dec. 1, 2022 /PRNewswire/ — Altimeter Growth Corp. 2 (NYSE: AGCB) (the “Company”) announced the following today: The Company anticipates that the Company cannot consummate an initial business combination within the time period required by its Amended and Restated Memorandum and Articles of Association Accordingly, the Company intends to dissolve and liquidate in…
DetailsAnil Ambani, Chairman, Anil Dhirubhai Ambani Group (File photo) Photo : BCCL The highest bid received for the Anil Ambani-owned Reliance Capital, which is undergoing insolvent proceedings, is 60% below aggregate the liquidation value. This means that bidders need to significantly increase the offers, else the company will need to through liquidation or piecemeal sale…
DetailsThe Supreme Court early next year will decide the fate of President Joe Bidens plan to provide up to $20,000 of debt relief to millions of Americans who owe federal student loans. | Dan Kitwood/Getty Images The Supreme Court announced on Thursday that it will hear arguments about the legality of President Joe Bidens student…
DetailsImage caption, David and his wife are both working but struggling By Kevin Peachey Cost of living correspondent People are slipping further into debt to pay for basics like rent and bills, Citizens Advice has warned. Half of the charity’s debt assessment clients have a negative budget – meaning they are left in the red…
DetailsGlobal law firm Ashurst has appointed Lance Jiang as a partner in the restructuring, insolvency and special situations practice, based in its Hong Kong office, as part of the teams expansion plan to capture the rapidly growing opportunities and client demands in Asia. With two decades of experience in the region, Lance advises on complex…
DetailsIn an early sign that merger and acquisition activity is about to ramp up in the startup sector in order for companies to survive, Sydney-headquartered courier delivery service Drive Yello has merged with the cafe payments platform Hey You. The merged entity is known as 4You Innovation, and hopes to hit up the market for…
DetailsLive One of Australias first meal delivery services has shut down, effective immediately, putting thousands of people out of work and telling customers they could no longer place orders with the service. Deliveroo, which launched in Sydney and Melbourne in 2015, revealed it had been placed into voluntary administration on Wednesday and could no longer…
DetailsWalt Disney (DIS) may incur impairment charges under returning CEO Bob Iger’s restructuring plans, the entertainment and media giant said this week. Iger, a Disney CEO from 2005 to 2020, reclaimed the job on Nov. 20 after the company’s board abruptly ousted his chosen successor Bob Chapek. Iger has since indicated his priority is restructuring…
DetailsAustralian investors have been left unable to withdraw their funds after the spectacular collapse this week of cryptocurrency exchange FTX. Key points: High-profile cryptocurrency exchange FTX filed for bankruptcy and its chief executive stepped down Australian investorshave been unable to withdraw funds from the platform FTX’s local arm went into voluntary administration on Friday The…
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