The Biden administration is reviewing whether it can take steps to provide student debt relief through executive action, even as it continues to call on Congress to pass legislation to help borrowers and their families. A tweet by White House press secretary Jen Psaki appeared to go further than her comments at a briefing earlier…
DetailsThe Council of Australian Tour Operators (CATO) has acknowledged Tucan Travels contribution to the industry following the UK and Australian-owned companys collapse. The council said in a statement it was devastated to learn that Tucan Travel had been placed into voluntary administration due to the impact of COVID-19. [CATO] would like to acknowledge its 33-year…
DetailsThe Biden administration is reviewing whether it can take steps to provide student debt relief through executive action, even as it continues to call on Congress to pass legislation to help borrowers and their families. A tweet by White House press secretary Jen Psaki appeared to go further than her comments at a briefing earlier…
DetailsPeople who bet even relatively small sums are more likely to suffer financial hardship and unemployment, while heavier gamblers die earlier, according to a landmark study analysing data from millions of bank customers. In a report thought to be the largest of its kind carried out in the UK, academics tracked the links between gambling…
DetailsJim Farley, Ford CEO Ford DETROIT Ford Motor CEO Jim Farley is promising something Wall Street has been asking from the storied American car manufacturer for years: A clear and decisive plan as the auto industry transitions to electric vehicles. In the coming months, Farley said he “will lay out the entire picture” for Ford.…
DetailsLike many other debt relief companies, New Era Debt Solutions aims to help consumers out of debt using a strategy known as debt settlement. With debt settlement, consumers stop making payments on their unsecured debts and instead begin saving a fixed amount of money in a separate account. After some time passes, the debt settlement…
DetailsMember Article A sting in the tail of the official annual corporate insolvency figures for 2020 could indicate that North East businesses can expect to face challenges in the year to come. Thats the view of Alexandra Withers, North East chair of insolvency and restructuring trade body R3, after the Insolvency Services official figures for…
DetailsThe Simplified Insolvency Programme (SIP) has been instituted to facilitate the restructuring or liquidation of micro and small companies (MSCs). The SIP was ushered in by the Insolvency, Restructuring and Dissolution (Amendment) Act 2020 (IRDA Amendment Act), with the relevant provisions recently commencing on 29 January 2021. It modifies the Insolvency, Restructuring and Dissolution Act…
DetailsWith the Covid-19 pandemic driving up government debt across many nations, there are growing calls for debt swaps to be used to help developing nations achieve a green recovery. This week, two separate research teams from the US and China have called for China in particular to implement such debt swaps in exchange for efforts…
DetailsBritish and Australian-owned tour operator Tucan Travel has become the latest industry player to succumb to the impact of COVID-19, ceasing to trade with immediate effect. No further bookings are being taken by the company, and customers with existing bookings will not be able to travel as planned, according to a statement on its website.…
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