RugbyWA is out of voluntary administration after Rugby Australia waived a legal debt of more than $1 million. RA spent about $1.7 million in legal costs after RugbyWA challenged the Western Force’s axing from the Super Rugby franchise. RugbyWA entered into voluntary administration last month, saying the axing of the Force meant it simply didn’t…
DetailsChange fatigue and the lack of pay increases has had an impact on the behaviour of Australias office workers. Generally, Australians are sticking to their current jobs, keeping their heads down and working harder, according to the latest CEB Global Talent Monitor survey. However, CEB, now Gartner, has detected a flow on effect from a…
DetailsSouth Australia’s Spring Gully Foods has cleared its multi-million-dollar debt, with the help of the public, after entering voluntary administration four and a half years ago. The brand, known for its pickled onions and chutneys, today dispatched its final cheques to creditors, paying them 102 cents in the dollar as a gesture of…
DetailsTHE new owners of the Gold Coast Titans have taken their first step towards long-term sustainability by appointing former Storm and Broncos chairman Dennis Watt to provide the football club expertise they have been so badly lacking. The NRL announced on Friday that a local consortium consisting of Darryl Kelly and his wife Joanne and…
DetailsAlex Ralph The Israeli company has launched a huge restructuring, including the loss of 14,000 jobsAmir Cohen/Reuters More than 1,000 UK employees at the worlds biggest maker of generic drugs face an anxious Christmas after Teva Pharmaceutical Industries announced plans to cut a quarter of its global workforce. The Israeli company has launched a huge…
DetailsIn November 2017, the former mayor of Pforzheim and her then treasurer were sentenced to imprisonment for embezzlement. In the years leading up to the financial crisis, they had tried to minimise the town’s interest burden and to balance the town’s budget through a series of risky financial transactions. They were not the only ones:…
DetailsHOUSTON–(BUSINESS WIRE)–Houlihan Lokey (NYSE: HLI), the global investment bank, today announced that Victor Barcot has joined the firm as a Managing Director in the Oil & Gas Exploration and Production (E&P) Group. He is based in Houston. Mr. Barcot joins from Deutsche Bank, where he was a Managing Director in the Global Oil & Gas…
DetailsThe state of California is suing Education Secretary Betsy DeVosElizabeth (Betsy) Dee DeVosTrump considering spy network to combat ‘deep state’ enemies: Intercept Bharara, Yates top Twitter list of most followed new political accounts GOP higher-ed bill would eliminate Obama rule on career-prep programs MORE for refusing to process the debt relief claims of thousands of…
DetailsHARD-UP Brits could have their credit card charges reduced or wiped completely under new plans from the city watchdog. The Financial Conduct Authority (FCA) said struggling consumers in “persistent debt” could save up to £1.3BILLION if the plans come into force – potentially as early as next year. Alamy More than three million Brits are…
DetailsBank of Canada Governor Stephen Poloz said policy caution and uncertainties around the economic outlook remain prominent in the central banks thinking, even as the economy ends 2017 running close to capacity. Poloz used his last speech of the year to highlight three subjects he called slower-moving, nagging issues that keep him up at night:…
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