Pearson, the worlds biggest education publisher, announced Thursday that it would cut 4,000 jobs, after issuing its second profit warning in three months. The company said in a statement that the job cuts would be completed by this year and added that the profits for next year could be lower. The jobs to be eliminated account…
Russia pulls plug on ‘VIP’ bank Vneshprombank Moscow (AFP) – Russian authorities on Thursday declared insolvent the large Vneshprombank, which reportedly counts several members of the country’s political elite as clients. The central bank said in a statement it had withdrawn the licence of the bank, the country’s 40th-biggest out of a total 700. Vneshprombank…
PROVIDENCE, R.I. (WPRI) After years working the dangerous streets of Washington D.C. as a police officer and before that, a U.S. Marine Gregory Adams decided to take a job in a sleepy town 30 miles outside of Pittsburgh. For seven years in the 1970s, Adams worked as one of just two cops in Saxonburg, Pa.,…
New Delhi: Officials from the ministries of finance and corporate affairs on Wednesday briefed a parliamentary panel on the Insolvency and Bankruptcy Code, 2015, which seeks to provide an easy exit option for insolvent and sick firms. The briefing was given to the 30-member Joint Committee on the Insolvency and Bankruptcy Code, 2015. The panel…
As we eagerly countdown the days to the mother-ship of all countdowns: triple js Hottest 100, Australias seminal youth radio station has hit out at betting agencies for trying to cash in on the worlds largest music poll. The station criticised betting agencies like Tom Waterhouse, Luxbet, Sportsbet and British gambling giant, Ladbrokes for targeting their…
The Association of Superannuation Funds of Australia (ASFA) has urged caution regarding a proposal to allow individuals with a tertiary education fees debt (HELP debt) early access to superannuation to pay off that debt, citing its negative impact on retirement outcomes. ASFA recommends that before any proposal to extend the uses of superannuation is considered,…
Chapman Tripp Australia has an Insolvency Law Reform Bill in Parliament and plans for more change further down the track in the form of recommendations from the Australian Productivity Commission, which the Australian Government has signalled it will adopt. These developments will be of interest to New Zealand insolvency practitioners, company directors and creditors. We…