The royal commission into Melbourne’s Crown Casino is about to begin its first week of public hearings, but has already begun to share harrowing tales of lives ruined by gambling addiction on the casino floor. Key points: Several submissions raised concerns the self-banning program at Crown was not working well A gambling counsellor said loan…
SINGAPORE – Singapore Press Holdings (SPH), which publishes The Straits Times, is restructuring its media business amid a trend of falling advertising revenues for newspapers around the world. We look at what’s behind the move. What’s happening On May 6, following a trading halt, SPH announced that it would transfer its media business to SPH…
Saudi Arabia will press Sudan’s creditors to reach a broad agreement to reduce the African country’s $50 billion-plus debt pile, said a Saudi official who will be directly involved in the debt-restructuring talks. Sudan’s transitional government, led by Prime Minister Abdalla Hamdok, is battling a crippling economic crisis and pushing through aggressive reforms as it…
The Biden administration recently revealed its report on how to conserve 30 percent of lands and waters in the United States by 2030. Rebranded as the America the Beautiful campaign, the report lays out eight principles that will guide the national 30 by 30 effort. Although the report lacks clear details on implementation, the importance…
By Nafisa Eltahir, Davide Barbuscia 3 Min Read DUBAI (Reuters) – Saudi Arabia will press Sudans creditors to reach a broad agreement to reduce the African countrys $50 billion-plus debt pile, said a Saudi official who will be directly involved in the debt-restructuring talks. Sudan’s Prime Minister Abdalla Hamdok in Berlin, Germany, on February 14,…
Former promoters of defaulting companies that are under the insolvency process can hope to take back control of their companies if the debt resolution process fails to find new owners. The recent decision by consortium of lenders led by IDBI Bank to allow C Sivasankaran to take ownership of his company by paying an amount…
By Reuters Staff 2 Min Read SYDNEY, May 6 (Reuters) – Qantas Airways Ltd said on Thursday it would keep its corporate headquarters in Sydney and low-cost arm Jetstar would retain its head office in Melbourne after reviewing its property portfolio in an effort to cut costs during the pandemic. It will make some smaller…