What is gambling? Despite technological advances bringing new ways to gamble, at its core gambling involves risking your money in the hopes of making a profit. It’s generally a game of chance because there is no guarantee the spend will offer a profitable return. Types of gambling Advancements in technology have meant that there are…
DetailsSecondly, the companys response to enhanced risk and the high claims environment has been to significantly increase premiums. In the second quarter, the group-wide insurance renewal rate was boosted by 10.1 per cent. At this stage QBE expects COVID-19 to cost it $840 million over the next 18 months. Of this, it will take a…
DetailsA separate accounting firm, McGrath Nicol, had been providing ”safe-harbour” advice to the McWilliam’s directors before that. Safe-harbour provisions in the Corporations Act are aimed at helping directors navigate through complex rules as a company attempts to restructure in pursuit of a better overall outcome. “McGrath Nicol, who had been providing Safe Harbour Advice to…
DetailsA notorious casino in Laos is at the center of a police investigation into a shootout that resulted in the deaths of four Chinese nationals. Earlier this month, Lao police reported being called to the Kings Romans Casino in the Golden Triangle Special Economic Zone near the intersecting borders of Thailand and Myanmar. According to…
Details(Ecofin Agency) – The International Monetary Fund announced in a July 20 statement it has agreed to write off up to$7.6 million of Burundis debt. The move aims to help the country face the coronavirus crisis and the socio-economic challenges that came with it. It is part of the Catastrophe Containment and Relief (CCR) Trust,…
DetailsCompany insolvencies are forecast to rise sharply in the UK over the coming months as government support measures are unravelled. Begbies Traynor, the insolvency specialist, warned businesses were facing the double whammy of accruing liabilities and the withdrawal of state support schemes. I expect well see numbers of insolvencies in excess of what we saw…
DetailsIt took two years to build an office for my marketing consultancy, and now, my team might be out of it in a few months. If this seems like an extremely quick pivot, that’s because it is. But what Ive learned as a CEO (and in life in general) is that its important to always…
DetailsDowner EDI shares went into a trading halt yesterday to allow the company to start a $400 million capital raising as part of a revamp of the company. Downer said that the revamp includes plans to acquire 100% ownership of Spotless group and plans to sell off capital-intensive businesses like mining contracting and laundry. As…
DetailsMohammed al-Jadaan, Saudi Arabia’s minister of finance, wears a protective mask as he attends a virtual meeting of G-20 finance ministers and central bank governors July 18, 2020. Advocates say they are disappointed the G-20 meeting did not yield as much help for desperately poor nations struggling during the COVID-19 pandemic as hoped for, and…
DetailsOn 26 June 2020 the Corporate Insolvency and Governance Act 2020 (the Act) came into force, introducing a number of permanent reforms to English insolvency and restructuring law. Among these reforms is a restriction on the effectiveness of certain termination clauses in contracts for the supply of goods and services where a counterparty enters an…
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