A MAJOR corruption probe is under way into the former heads of the Chinese state-owned Guangdong Rising, the owner of recently liquidated Caledon Coal. Chinese media is reporting former chairman of the Chinese state-owned enterprise Li Jinming was handed to prosecutors for investigation after the company’s Australian investments, including Caledon Resources, lost more than $1billion.…
DetailsThe statistics compiled by GamCare based on clients who used its services in 2015-16 confirmed what many suspected that it is younger, less experienced gamblers who are seeking treatment after getting into difficulties. Its figures show 21 per cent of its clients were in the 18-25 age range and a further 41 per cent aged between 26-35,…
DetailsPeople on the brink of bankruptcy are spending considerably more on gambling, a phenomenon the Salvation Army has linked to the proliferation of online betting companies. The Salvation Army on Tuesday released new data gleaned from its support service MoneyCare, which provides in-depth counselling to about 7,300 people in financial crisis each year. The data…
DetailsEnergy firms ordered to do more to help those in debt Energy regulator Ofgem has called on suppliers to do more to help those who fall behind on payments, after finding customers owe an average of more than £600 before being put on a debt repayment plan. Ofgem’s research found energy firms are…
DetailsThe business restructuring would be Daimlers biggest corporate revamp since it ended its ambitions of becoming global car giant with the sale of Chrysler a decade ago. Photo: Reuters Munich: Daimler AG is firming up plans for its biggest corporate overhaul in a decade, granting its cars and trucks operations more independence in bid to…
DetailsEnergy suppliers must help vulnerable customers in debt 16 October 2017 From the section Business Image copyright PA Gas and electricity firms must do more to help those struggling to pay bills by spotting debt before it becomes severe, the energy watchdog has said. While the number of customers in debt is down, providers allow…
DetailsTORONTO — Sears Canada Inc. says executive chairman Brandon Stranzl has resigned from its board of directors following court approval last week for the retailer to begin its liquidation sales. The company says his services are no longer required. Sears Canada has been operating under court protection from creditors since June. Stranzl had led a…
DetailsVandana Ramnani Moneycontrol News The Union Housing and Urban Affairs Ministrys recommendation to the Ministry of Corporate Affairs that the Insolvency and Bankruptcy Code rules ought to be tweaked to make homebuyers primary secured creditors has been welcomed by troubled Jaypee and Amrapali homebuyers as a positive step but they are not sure whether the…
DetailsEmployees of the 3rd May Shipyard say that the situation is dire. Workers of the 3rd May Shipyard have issued a statement saying they are worried about the fate of their company and announced industrial action steps to help stabilise the company, reports Novi List on October 16, 2017. The trade union representatives noted that…
DetailsLOS ALAMOS, N.M., Oct. 16, 2017 /PRNewswire/ — UbiQD, Inc., a New Mexico-based quantum dot manufacturer, announced today that it has been recognized as one of the newest portfolio companies in Breakout Labs, a fund within the Thiel Foundation that finances and nurtures early-stage science-based companies. As part of its commitment to investing in UbiQD’s growth,…
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