WASHINGTON (Reuters) – Group of Seven finance ministers on Wednesday said a debt relief initiative for the worlds poorest countries could be extended beyond the end of the year to help deal with economic fallout from the coronavirus pandemic. FILE PHOTO: International Monetary Fund (IMF) Managing Director Kristalina Georgieva makes remarks during a closing news…
DetailsEditor’s note: Find the latest COVID-19 news and guidance in Medscape’s Coronavirus Resource Center. The confluence of isolation, excess available time, and anxiety about illness or finances as a result of the COVID-19 pandemic have the potential to increase problem gambling behaviors during this public health emergency, so it’s essential to gather data and supply…
DetailsSeadrill Ltd. has hired legal and financial advisers for talks with senior creditors on restructuring the companys $7.5 billion debt load that could lead the offshore contract driller to make its second trip to bankruptcy court in less than three years. In an earnings call Tuesday, Stuart Jackson, the companys chief financial officer, said the…
DetailsVideo PlayerClose NAIROBI, June 3 (Xinhua) — Countries that form the Organization of the African, Caribbean and Pacific States on Wednesday called on developed countries to lift sanctions on its members and provide more debt relief to enhance fight against COVID-19 pandemic. Kenyan President Uhuru Kenyatta in his capacity as the organization’s President-in-Office, cited the…
DetailsStella Nyanzi, a Ugandan activist and government critic, is arrested by police officers during a protest demanding more food distribution during a nationwide Covid-19 lockdown. (Sumy Sadurni / AFP via Getty Images) Thank you for signing up. For more from The Nation, check out our latest issue. Subscribe now for as little as $2 a…
DetailsVillage Mangal Limited was incorporated in December 2012 and Ifras Coruk (43) was appointed the sole director at the same time. The company traded as a Turkish Restaurant called Village Mangal in Amersham, Buckinghamshire, but began to struggle and by January 2019, Village Mangal Limited entered into creditors voluntary liquidation. The insolvency process, however, triggered…
DetailsLITTTLETON, Colo.–(BUSINESS WIRE)–Jun 3, 2020– APC Automotive Technologies, LLC, together with certain of its subsidiaries, (APC or the Company), today announced that it has entered into a comprehensive Restructuring Support Agreement (the RSA) with key stakeholders, including its asset-based lenders, 74% of its term loan lenders that are eligible to vote, and significant financial sponsors…
DetailsAn Auckland concrete con artist who ripped off customers and operated a business for years while bankrupt has been jailed. Gordon Paul Bayne was sentenced at the Auckland District Court on Wednesday to two years and six months in jail, after pleading guilty to three charges under the Insolvency Act 2006. Judge Evangelos Thomas said…
DetailsRachel Edwards has faced mental health difficulties for decades. Bouts of depression have also brought financial problems for the 43-year-old grandmother. She believes that letters, warning about falling behind on debt and which lenders are compelled to send by law, are often counter-productive. “You get these letters and they make you bury your head even…
DetailsClive Palmer’s failed Queensland Nickel refinery was insolvent in the days before administrators were called in, a judge has found. Key points: Justice Mullins says claims against Mineralogy by liquidators could not succeed Clive Palmer says the ruling “vindicates” his faith in the justice system He says he will now consider seeking compensation But Justice…
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