“The insolvency moratorium created longer-term risks by propping up zombie businesses, putting creditors at significant disadvantage, and threatening the future of viable businesses,” Mr Dale said. “That created an environment where businesses were racking up debt with an inability to pay it. That was never the appropriate business environment to carry into 2021.” Since the…
DetailsLG Electronics can improve its corporate value by restructuring its money-losing mobile business, analysts here said on Saturday, as the South Korean tech giant can better focus on its future growth engines for the post-pandemic era. LG Electronics on Wednesday announced that its mobile communications (MC) unit is open to “every possibility” for its future…
DetailsBy Joo Kyung-don SEOUL, Jan. 23 (Yonhap) — LG Electronics Inc. can improve its corporate value by restructuring its money-losing mobile business, analysts here said Saturday, as the South Korean tech giant can better focus on its future growth engines for the post-pandemic era. LG Electronics on Wednesday announced that its mobile communications (MC) unit…
DetailsBrazilian miner Vale said Jan. 21 that it will exit the coal market as part of its commitment to become carbon-neutral by 2050 and reduce 33% of its Scope 1 and 2 emissions by 2030. As a first step toward divestment of its coal business, Vale has signed a heads of agreement with Japanese company…
DetailsCredit cards are often necessary to bridge the gap between paychecks or account for unexpected expenses, but cardholders may only make minimum payments and never manage to get ahead. Credit card debt settlement is one option to help get your finances back on track, as lenders are often willing to negotiate and help find ways…
DetailsA NEWCASTLE builder accused of leaving five Hunter families out of pocket and with unfinished or ‘defect-riddled’ homes has been declared bankrupt. Ben Geary, of BJG Builders, filed for bankruptcy just days after Charlestown MP Jodie Harrison launched a scathing attack on him using parliamentary privilege in November. Ms Harrison said Mr Geary, of Lake…
DetailsOver the years, gambling in various forms has featured in major Hollywood movies. One of the most popular settings, particularly in the USA, is a casino (usually in Las Vegas). Often, watching these movies will inspire you to hit a casino too, but if you cant quite afford a trip to Nevada, you can always…
DetailsRacing in front of the new Curragh, the holding company for which is still trading at a loss Patrick McCann (racingpost.com/photos) Horse Racing Ireland could be called upon by the Public Accounts Committee (PAC) to explain the loss of 389,000 that arose after the company that used to undertake its cash-in-transit services went into liquidation…
DetailsBusiness A former registered liquidator who allegedly misappropriated close to $240,000 has pleaded guilty to fraud and dishonesty charges. Business Jotham Lian 22 January 2021 1 minute read object(stdClass)#17051 (8) { [“image_intro”]=> string(0) “” [“float_intro”]=> string(0) “” [“image_intro_alt”]=> string(0) “” [“image_intro_caption”]=> string(0) “” [“image_fulltext”]=> string(0) “” [“float_fulltext”]=> string(0) “” [“image_fulltext_alt”]=> string(0) “” [“image_fulltext_caption”]=> string(0) “”…
DetailsThe day I got the keys to my one-bedroom flat in central Leeds in April 2019 was the proudest moment of my life. Id spent four years saving a 10,000 deposit from my salary as a marketing and PR executive. I had just become single, and I thought my life would be about going out…
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