By David Milliken 2 Min Read LONDON, April 15 (Reuters) – More businesses and individuals across Britain were declared insolvent last month than earlier in 2021 though levels remained mostly below those of a year ago as government support muted the impact of the coronavirus pandemic. Britains economy shrank by almost 10% last year and…
Detailsclick to enlarge Gambling addiction can cost people massive amounts of debt and disrupt relationships and careers. But it’s not as identifiable as substance addictions, according to Mercedes Kent. “It’s not a matter of willpower,” she said. “This is a brain disease.” Kent is a treatment provider and supervisor at Gateway Foundation, which runs addiction…
DetailsArticle content LONDON More businesses and individuals across Britain were declared insolvent last month than earlier in 2021 though levels remained mostly below those of a year ago as government support muted the impact of the coronavirus pandemic. Britains economy shrank by almost 10% last year and millions of people have been unable to work…
DetailsMetals magnate Sanjeev Gupta restructured his business empire last year in an attempt to maximise the amount of UK taxpayer-backed loans he could draw on through the governments coronavirus lending scheme. Companies affiliated with Gupta applied for hundreds of millions of pounds of loans via Greensill Capital, which tapped the Coronavirus Large Business Interruption Loan…
DetailsBy Reuters Staff 3 Min Read (Reuters) -Dell Technologies Inc said on Wednesday it would spin off its 81% stake in cloud computing software maker VMware, in a move that will help the PC maker reduce its debt. FILE PHOTO: The logo for Dell Technologies Inc. is displayed on a screen on the floor of…
DetailsLithgow Aged Care has been thrown a lifeline by the Not For Profit, just three weeks after its aged care homes days appeared to be numbered. As we reported here, the stand-alone home, 140km west of Sydney, which has 73 residents and employs more than 120 staff, went into voluntary administration last month after losing…
DetailsSign up for our PoliticsNY newsletter for the latest coverage and to stay informed about the 2021 elections in your district and across NYC For the 22nd time, yellow cab drivers from across New York City pulled over and went out of public service while they rallied for debt relief. Cabbies banged drums and chanted…
DetailsWhile businesses recover from cash shortfalls and adapt to constantly shifting public health measures, the financial health of all sized businesses remains at serious risk. Larger businesses with naturally more cash reserves than smaller businesses are well equipped to withstand the pressures posed by the pandemic, however, the impact is likely to be grave following…
DetailsWhat would it mean to cancel student debt? A variety of opinions were on display during a hearing convened Tuesday by Senator Elizabeth Warren, a Massachusetts Democrat, her first as chair of the subcommittee on economic policy. For Warren, who has been urging President Joe Biden to cancel up to $50,000 in student debt since…
DetailsOver the last year, I have been buying a lot online and have racked up a lot of debt across two credit cards and my overdraft. Every time I receive a bill I feel like I am going to have a panic attack, so I have been ignoring them. I don’t know where to begin…
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