Virgin Australia has slashed a string of regional routes from its network as part of its restructure after it was crippled by the coronavirus pandemic. Under its new US owners Bain Capital, who took over the aviation company in late June after it went into voluntary administration, the airline has cut flights from Ayers Rock,…
DetailsWith many Australians now out of work, financial stress is no doubt on the rise. Over 40% reported feeling nervous, restless or exhausted in the past month, according to the Australian Bureau of Statistics. Your financial health can have a huge impact on your mental health. Thats why this R U OK? Day, its important…
DetailsBy Wayne Robinson | 9 September 2020 The number of Australian businesses going into liquidation or administration plummeted to way below normal levels in July and August, leading to fears of the true state of many businesses, with printers warned to ensure they keep a tight rein on credit terms. Warning: keep a close eye…
DetailsBIGAMBUL Limited has been placed in voluntary administration. The entity, which is headquartered in King Scrub, was placed in the hands of Mackay Goodwin’s Thyge Trafford-Jones on August 19. According to minutes of the creditors meeting on August 28, a preliminary review “failed to identify any asset of the company”. The minutes said the Australian…
DetailsA federal government initiative to save thousands of businesses from sinking into insolvency during the pandemic was full of good intentions. But a new analysis suggests all it’s doing is creating a new breed of “zombie” companies and paving the way for a tsunami of insolvencies when the support measures end at the end of…
DetailsTokyo, Sep 8 (Prensa Latina) The Teikoku Databank agency for market research said on Tuesday that 495 Japanese companies went bankrupt due to the Covid-19 pandemic from February to September 7. Most companies provide restoration services (69), hotel services (53) and clothing (34). The most affected city was Tokyo, where 122 firms went bankrupt. Since…
DetailsDeloitte has put its UK restructuring practice up for sale following concerns among its senior executives that it has become too difficult to manage conflicts of interest, said two people familiar with the decision. The ‘Big Four’ accounting firm plans to approach potential acquirers, including rival professional services groups and private equity houses, the people…
Details08/09/2020 – VENICE 2020: Ismal El Irakis debut film is a raucous, Casablanca-set tajine western about two lost souls overcoming trauma through love, communication, and rock and roll Said Bey in Zanka Contact Playing in Orizzonti at the Venice Film Festival, Zanka Contact, the debut film by Ismal El Iraki, has troubled central lovers echoing…
DetailsBooze, gambling and food delivery services have become expensive habits for Australians since COVID-19 hit hard in March, but breaking these habits may be easier than you think. Researchers reckon it takes about two months to form a new habit, which gets wired into our brains through repetitive behaviour, and with the pandemic now into…
DetailsDeloitte, the ‘big four’ accountancy firm, has begun secret talks about the sale of its UK restructuring division, even as the coronavirus pandemic triggers a deluge of corporate insolvencies that should fuel a surge in its profitability. Sky News has learnt that Deloitte has been in talks with the executives running its restructuring unit about…
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