The 3rd largest economy in terms of GDP is on the brink of bankruptcy with a colossal debt (274%) and a freely falling currency. If the trend continues, the problems will be terrible for the entire world. The Yen in Free Fall The Japanese currency is not yet in free fall, but it could well…
Never has a motto muttered by stressed chefs and waiters been more relevant to the Australian hospitality industry. “You got to love it to be in it,” says Asako Miura, the co-owner of Japanese fine-dining restaurant Ima Asa Yoru. Ms Miura and her partner James Spinks – who works in the kitchen as a chef…
Bruno Mars. Kevin Winter/Getty Images Bruno Mars doesn’t need to use his “24K Magic” to pay off his gambling debts — because he has none. After a report claimed that Mars, 38, owed $50 million to the MGM Grand in Las Vegas, the hospitality company spoke out to shoot down those claims. “We’re proud of…
Track record of insolvency – implications for licensing A recent decision of the Tribunal, affirming a licensing decision under the Home Building Act 1989 (HB Act) of the regulator to refuse an application to renew a qualified supervisor certificate, reveals the keen focus of the regulator on using its licensing powers to clean up the…
‘Hellbent’ ATO driving record insolvencies – what to do Gold Coast Bulletin Read the original article here
There are smart moves you can make with your debt this June, but there are also a few moves that you should avoid. Getty Images June is upon us and soon, summer will be in full swing. However, if you have debt that you’re having a difficult time dealing with, you likely have other things…
Chinese Company That Sparked Fears of Financial Contagion Falls Into Bankruptcy The Wall Street Journal Read the original article here
In short: Owners at Billson’s Brewery have announced the business has been put into voluntary administration. A statement cited “mistakes” relating to systems and processes “keeping up” with the business in the decision. What’s next? The brewery will remain open and the supply of Billson’s drinks to bottle shops and pubs across the country will…
MGM Resorts International has denied reports that Bruno Mars has a US$50 million (S$67 million) gambling debt with its casino. In a statement to American entertainment publication Variety, MGM Resorts said the allegations of Mars’ debt are false. “We’re proud of our relationship with Bruno Mars, one of the world’s most thrilling and dynamic performers,”…
International bus and coach manufacturing giant Van Hool is hoping for a “rapid restart” after reaching a binding offer with other brands to rescue it from bankruptcy. On April 8, Van Hool was declared bankrupt, with the major global manufacturer facing permanent closure. Now, a board of four curators, including coach and bus group VDL…