Billions of dollars are being loaned on high-interest terms to poor countries seeking help to cope with the impacts of climate breakdown, according to an Oxfam report. The loan terms risk storing up debt burdens lasting far into the future, the charity says. Poor countries are reported to have received about $60bn (45bn) of climate…
There is no doubt that markets have remained remarkably resilient in the face of uncertainty in large part because of the massive policy support for both the real economy and for financial markets themselves. Yet, it is important for investors to nonetheless ensure investment portfolios are prepared for a range of possible outcomes. Markets are…
The Nullagine site in the Pilbara region of Western Australia. Image: Novo Resources Latest News GR Engineering Services has secured a contract with Millennium Minerals which will lead to the restart of the processing plant at the Nullagine gold project in Western Australia next year. The $8.3 million contract includes the refurbishment and upgrade of…
The board of directors of Riviera Resources has approved the dissolution, winding up, and liquidation of the company and adopted a plan of liquidation and dissolution, under which the Houston-based independent will cease to exist by the end of this year. The dissolution will mark the end of a 2-year existence for Riviera, which was…
Its been a turbulent year in travel. One big change of many has been Virgin Australias descent into voluntary administration. As Virgin Australia transitions into a more middle market offering, in order to struggle back to its feet, Velocity points holders are losing some of the perks they used to take for granted. As DMARGE…
Editorial Note: Forbes may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Pexels The novelist Margaret Atwood once wrote, A divorce is like an amputation: you survive it, but theres less of you. If youre like most people after a divorce, there…
ITV is to undergo a restructuring to its broadcast business while also exploring the reduction of its presence in London as the British commercial broadcaster struggles to overcome challenges associated with the COVID-19 pandemic. As part of the new organizational structure, the network is establishing a new Media and Entertainment division that will encompass a…
The administrator of the liquidated Latvijas Krjbanka recovered EUR 3 339 in September 2020, which is slightly less than a month prior, according to the account published in the Latvian Herald. In September 2020 the administrator recovered all the money from issued loans. This means that in the nine months of 2020 Latvijas Krjbanka administrator…
A month-on-month rise in the number of corporate insolvencies in England and Wales may indicate that businesses which were healthy and profitable pre-COVID-19 are now starting to struggle. This is according to the Midlands branch of insolvency and restructuring trade body R3 and comes on the back of figures published by the Governments Insolvency Service…
Corporate Insolvency and Governance Law 2020: COVID-19 Changes to Insolvency Law Come into Force Many businesses are relentlessly fighting the financial crunch resulted from Covid-19 crisis to survive the economic scare. The current COVID-19 pandemic has placed a lot of businesses registered in England and Wales into a position where they are now either balance…