The United Nations World Food Programme (WFP) announced on Wednesday (8 November) the biggest debt-for-development swap in its history, involving Russia and Mozambique. An innovative debt-swap initiative between the two countries has unlocked a commitment of US$40 million, which will be used by the United Nations World Food Programme (WFP) to support the government of…
The former club of Asamoah Gyan, Modena have been declared bankrupt, ending 105 years of their history. Its a sad end for the Canarini, who were locked out of the Stadio Braglia for non-payment of bills, and have not attended the last three Serie C games. The last attempts to sell Modena faltered over the…
The United Nations World Food Programme (WFP) announced on Wednesday (8 November) the biggest debt-for-development swap in its history, involving Russia and Mozambique. An innovative debt-swap initiative between the two countries has unlocked a commitment of US$40 million, which will be used by the United Nations World Food Programme (WFP) to support the government of…
Personal insolvency debt is incurred by an individual if they cannot see a way out and declare bankruptcy. Picture: Getty Images. The number of people entering into personal bankruptcies in the Pilbara has started to stabilise, new data has revealed. The latest regional insolvency statistics released by The Australian Financial Security Authority saw the total…
Shutterstock photo (RTTNews.com) – Indian shares look set to open largely unchanged on Wednesday as politicians trade barbs on the merits and demerits of demonetization. While Congress leader Manmohan Singh called it an “organized loot”, Finance Minister Arun Jaitley called the note ban an ethical drive, a moral step that made corruption difficult.…
Reuters GABORONE, Nov 7 (Reuters) – KFC Botswana will come out of liquidation after a joint venture between Shell Fuel distributors, Vivo Energy Botswana and South African KFC franchise operator Baobab Khulisani agreed to buy the fast food chain. KFC Botswana, whose portfolio includes 12 stores, was placed under liquidation in June 2016…
Modenas bankruptcy filing will be presented today, the 20th team to go bankrupt in the past five years. It was officially confirmed yesterday that the Canarini have been thrown out of the Lega Pro, having failed to turn up for four matches this season. The team has been barred from the Stadio Alberto Braglia, and…
The micro-savings app previously only enabled users to add lazy cash to their superannuation. Micro-savings app Carrott now enables users to add their spare change, known as lazy cash, to contribute to their FEE-HELP debt or mortgage. The app initially only allowed users to add their spare change to their superannuation when it launched in…
Briana Casale normally looks forward to Christmas. This year, shes dreading it. Casale, a 21-year-old teaching assistant in Cranston, Rhode Island who graduated in May, will see her six-month grace period on her student loans end with the arrival of the holidays. That means a harsh dose of financial reality for the Simmons College graduate,…
ELSS schemes also enjoy the benefit of coming under EEE or Exempt, Exempt, Exempt (EEE) category. Indian stocks have rallied sharply in the past few years, boosting the returns from Equity Linked Savings Scheme or ELSS, a tax-saving mutual fund. According to Valueresearchonline.com, equity linked savings scheme as a category has given 25 per cent…