Outside the Whyalla steelworks this morning, staff showed mixed feelings about the news that scores of local jobs hang in the balance as creditors seek to seize control of Sanjeev Gupta’s Whyalla steel operations. Welding co-ordinator Tom Mitchell, who has been working directly or indirectly for the steelworks since 1978, said he was still confident…
DetailsAs rumors of Onkyo s bankruptcy along with Pioneer, keep swirling around the industry and despite local distributor Ambertech struggling to get stock, Company executives are still telling observers that they have a future. Now as their fiscal year draws to a close on March 31st, the historic Japanese audio firm appears to be breathing…
DetailsWhyalla steel works future in doubt over insolvency push | Sky News Australia The best award-winning journalists with unique and exclusive insights. Real news, honest views. Warning – there was an unexpected script error. Application may not work as expected. Warning – assets failed to load. Application may not work as expected. Please enable JavaScript…
DetailsFILE PHOTO: Former Malaysian Prime Minister Najib Razak reacts during a break at Kuala Lumpur High Court in Kuala Lumpur, Malaysia, February 5, 2020. REUTERS/Lim Huey Teng reuters_tickers This content was published on April 7, 2021 – 04:43 April 7, 2021 – 04:43 KUALA LUMPUR (Reuters) – Malaysia’s former prime minister Najib Razak has been…
DetailsThe Star Entertainment Group has doubled down on its bid to sue an Asian billionaire who racked up a $43 million gambling debt at its Gold Coast casino. VIP high roller Dr Wong Yew Choy allegedly dishonoured a blank cheque after a five-day losing streak playing baccarat at The Star Gold Coast. After losing an…
DetailsThe effects of Hurricane Maria in Dominica in 2017 caused millions of dollars worth of damage to the countrys economy.Credit: Alejandro Cegarra/Bloomberg via Getty Most governments astronomical borrowing during the current pandemic pays scant attention to the effects that climate change could have on their ability to repay the debt. Here we present an analysis…
DetailsAs rumors of Onkyo s bankruptcy along with Pioneer, keep swirling around the industry and despite local distributor Ambertech struggling to get stock, Company executives are still telling observers that they have a future. Now as their fiscal year draws to a close on March 31st, the historic Japanese audio firm appears to be breathing…
DetailsGOLD COAST, Australia The Star Entertainment Group has doubled down on its bid to sue an Asian billionaire who racked up an AUD 43 million ($32.8 million) gambling debt at its casino in Gold Coast in the south of Brisbane on Australias east coast. VIP high roller Wong Yew Choy allegedly dishonored a blank check…
DetailsBy Tom Arnold 3 Min Read LONDON (Reuters) – The Bretton Woods Committee has formed a working group of senior bankers, academics and lawyers to propose ways to resolve a rise in sovereign debt distress in emerging markets as a result of the COVID-19 pandemic. The influential U.S.-based non-profit organisation said it will examine how…
DetailsSouth African President Cyril Ramaphosa receiving a consignment of critical personal protective equipment (PPE) and other medical supplies. (Flickr/GovernmentZA/Government Communication and Information System) As recovery from the economic fallout of the pandemic occurs, richer countries appear to be progressing faster than poorer onesmany of them in Africa, where 60 percent of the worlds poor live.…
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