Infarm eyes Middle East as Dutch arm ‘declared bankrupt’

The Dutch branch of vertical farming startup Infarm, best known for its global network of modular container farms, has been “declared bankrupt” according to official documents. Infarm says the bankruptcy is not impacting its current restructure in which the company is focusing on markets where profitability is likely attainable. Multiple industry sources say Infarm has…

Queenslanders bet over $56b last year, but less than one per cent of that went to preventing further harm

The Queensland government made $1.9 billion in gambling taxes last year, but only spent 0.6 per cent on harm minimisation programs. A damning Queensland Audit Office report has taken aim at the state government’s “inadequate” harm reduction strategies. The report, tabled in state parliament, has revealed Queensland gamblers spent $56.4 billion in the 2022-23 financial…

Why do councils go bust and what happens when they do?

LDRS GMB union members have protested in Birmingham about the evaluation of their roles Nottingham, Birmingham and Woking councils all went bust in 2023. They followed and Thurrock and Croydon (for the third time) in 2022 – with half of councils warning of effective bankruptcy within five years without reform. Councils technically can’t go bankrupt…

3 reasons to pursue debt relief this May

By pursuing debt relief you can start eliminating mounting debt this May.  Getty Images Prices are rising. That’s not only true for consumer goods and services, it’s also true in terms of the cost of borrowing money. And, if you have debt with variable interest rates – like credit cards and some other loans – you…

Major Melbourne company collapses owing $29m

An Australian manufacturer, with sites in the US and Malaysia, has collapsed owing a staggering $29 million. The 60-year-old company, called Camatic Pty Ltd and trading as Camatic Seating, designed, manufactured and installed seating in stadiums, arenas, cinemas, theatres, educational institutions and transit areas around the world. On its website, the firm boasted it had…