Covid: ‘Debt time-bomb’ awaiting thousands of households – BBC News

By Ben PriceBBC News image copyrightGetty Imagesimage captionMental health charity Hafal said it was being “swamped” by people needing help with their finances The pandemic is creating a “debt time-bomb” according to charities concerned about the impact it is having on people’s mental health. More than 280,000 people in Wales have fallen behind on payments…

Insolvency figures mask dire reality for UK business – Accountancy Age

Corporate insolvencies fell by 27.1 percent for 2020 in England and Wales but the statistics dont convey the distressed situation many businesses across the UK find themselves in, according to Azets restructuring and insolvency partner, Stephen Grant. At face value, the reduction in corporate insolvencies seems like cause for celebration, but these numbers mask the…

Ant Group strikes deal with Chinese regulators over restructuring – Financial Times

Jack Mas Ant Group has reached a deal with Chinese regulators to restructure its business after they raised issues that halted its $37bn initial public offering last year, according to several people familiar with the situation. The proposed restructuring will involve Ant placing all of its major businesses, including its technology units, inside a financial…

ROGER TAYLOR: Metamaterial’s eyewear plans bolstered by acquisitions from liquidating Swiss company – TheChronicleHerald.ca

Metamaterial Inc. of Dartmouth, developer of high-performance functional materials and nanocomposites, announced Tuesday it has acquired specialized lens casting production from Swiss company Interglass Technology AG, which is in liquidation. Metamaterial is paying US$800,000 to acquire equipment and intellectual property, including more than 70 international patents, from Interglass. It plans to invest and expand its…