Australia will ‘never recover from debt if we don’t make people accountable for their money’ – Sky News Australia

Australia will ‘never recover from debt if we don’t make people accountable for their money’ | Sky News Australia The best award-winning journalists with unique and exclusive insights. Real news, honest views. Warning – there was an unexpected script error. Application may not work as expected. Warning – assets failed to load. Application may not…

Retail empire of UK billionaire Philip Green teeters on edge – The Australian Financial Review

Arcadia’s administration would be the UK’s highest-profile retail insolvency in a sector that has already lost more than 125,000 roles in the country since January. It would also mark a stratospheric fall from grace for Sir Philip, who was once dubbed “King of the High Street”. Arcadia would follow Debenhams, the struggling department-store retailer, which…

Dubai builder Arabtec says shareholders ask to reverse decision to liquidate company – Economic Times

DUBAI: Dubai builder Arabtec Holding is asking shareholders to reverse a decision made in September to proceed with a bankruptcy and liquidation filing, according to a bourse filing on Monday. Instead, the troubled builder is asking shareholders, scheduled to meet at a general assembly meeting on Monday, to approve the continuity and restructure the company,…