Banks should be placed under a legal duty of care to help stop problem gamblers spending money they cannot afford, says a think tank led by former Tory leader Iain Duncan Smith. The study by the Centre for Social Justice Justice (CSJ) proposes a new ombudsman with powers to order the betting firms to slow…
DetailsAnalysis of ASIC and ABN Lookup data reveals the full list of companies to close down in your area over the past year, updated hourly throughout the day. THERE has been one company liquidation notice in the Yarra Ranges Local Government Area today and 12 for the past year. News Corp analysis of ASIC Insolvency…
DetailsWith political commentators discussing whether the latest Federal Budget has put Australia into too much debt (well leave that debate to the experts), some everyday Aussies may be concerned about the debts in their own household budgets, and what they could mean for their financial futures. Similar questions were asked back in 2017, when current…
DetailsNEW DELHI: The Reserve Bank of India (RBI) has shot down suggestions of a fresh suspension of the Insolvency & Bankruptcy Code (IBC) due to the second wave of Covid-19, while making it clear that banks can still restructure distressed but viable loans, ensuring that their balance sheets remain transparent.During initial discussions with the government,…
DetailsThe royal commission into Melbourne’s Crown Casino is about to begin its first week of public hearings, but has already begun to share harrowing tales of lives ruined by gambling addiction on the casino floor. Key points: Several submissions raised concerns the self-banning program at Crown was not working well A gambling counsellor said loan…
DetailsSINGAPORE – Singapore Press Holdings (SPH), which publishes The Straits Times, is restructuring its media business amid a trend of falling advertising revenues for newspapers around the world. We look at what’s behind the move. What’s happening On May 6, following a trading halt, SPH announced that it would transfer its media business to SPH…
DetailsSaudi Arabia will press Sudan’s creditors to reach a broad agreement to reduce the African country’s $50 billion-plus debt pile, said a Saudi official who will be directly involved in the debt-restructuring talks. Sudan’s transitional government, led by Prime Minister Abdalla Hamdok, is battling a crippling economic crisis and pushing through aggressive reforms as it…
DetailsThe Biden administration recently revealed its report on how to conserve 30 percent of lands and waters in the United States by 2030. Rebranded as the America the Beautiful campaign, the report lays out eight principles that will guide the national 30 by 30 effort. Although the report lacks clear details on implementation, the importance…
DetailsBy Nafisa Eltahir, Davide Barbuscia 3 Min Read DUBAI (Reuters) – Saudi Arabia will press Sudans creditors to reach a broad agreement to reduce the African countrys $50 billion-plus debt pile, said a Saudi official who will be directly involved in the debt-restructuring talks. Sudan’s Prime Minister Abdalla Hamdok in Berlin, Germany, on February 14,…
DetailsFormer promoters of defaulting companies that are under the insolvency process can hope to take back control of their companies if the debt resolution process fails to find new owners. The recent decision by consortium of lenders led by IDBI Bank to allow C Sivasankaran to take ownership of his company by paying an amount…
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