The news surrounding Shohei Ohtani’s interpreter was bizarre enough until more details emerged about how some of the particulars had changed over the past 24 hours. News broke Wednesday afternoon when the Los Angeles Times published a shocking report that Ohtani’s interpreter, Ippei Mizuhara, had perpetrated a “massive theft” of millions of dollars of the…
Nottingham City Council has become the latest local authority to effectively declare bankruptcy as it is unable to fulfil its legal obligation to balance its budget. The state of the council’s spreadsheets has been blamed partly on mistakes of its own making – namely the collapse of an energy firm it launched back in 2020,…
Victoria’s Billson’s Brewery enters voluntary administration. 9News Read the original article here
More than three million Australians will have their student debt wiped in a bid to win over younger voters crushed by the cost of living crisis. Education Minister Jason Clare on Sunday announced the government would cap the Higher Education Loan Program (HELP) indexation rate, eliminating about $3 billion of student debt. The capped rate…
US electric vehicle (EV) manufacturer Fisker has filed for Chapter 11 bankruptcy, less than two years after it launched its Ocean SUV as a rival to the best-selling Tesla Model Y. “Fisker has made incredible progress since our founding, bringing the Ocean SUV to market twice as fast as expected in the auto industry and…
Monthly business insolvencies have risen to a level not seen since 2015, as a long-expected landslide of corporate collapses hits the Australian economy. Figures presented by the Australian Securities and Investments Commission (ASIC) this week show 967 businesses entered external administration or had a controller appointed to them in February. That is a significant jump…
Topline MGM Resorts denied an anonymously sourced report from last week claiming singer Bruno Mars owed the resort company millions of dollars in gambling debts accumulated at the company’s Las Vegas casinos, telling Forbes no such debt actually exists. Bruno Mars of Silk Sonic performs onstage during the 64th Annual GRAMMY Awards at MGM Grand…
CreditorWatch has revealed that business insolvencies reached a record high of 1,378 last month, a 38 per cent increase in the rate of insolvencies over the 12 months to May 2024. The credit reporting agency found that the total number of insolvencies has increased 34 per cent year on year and is currently 41 per…
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Real Money, a free weekly newsletter giving expert tips on how to save, invest and make the most of your money, is sent every Sunday. You’re reading an excerpt − sign up to get the whole newsletter in your inbox. When compared with countries like the US, Australians have often felt pretty chuffed about our…