Ted Hui Self-exiled activist Agnes Chow Ting has been placed on the police wanted list. Deputy Commissioner of Police (national security) Andrew Kan Kai-yan criticized Chow’s actions, describing them as a complete disregard for law and order and highlighting her lack of integrity. He said the police will spare no effort in bringing her…
On 12 July 2023, the Parliamentary Joint Committee on Corporations and Financial Services (the Committee) released its final report following an inquiry into the framework of Australia’s corporate insolvency laws (Inquiry). The Inquiry commenced in September 2022. The Inquiry has determined that Australia’s insolvency regime is not fit-for-purpose and requires major reform, with the Committee…
Credit card debt relief can work for the right person, but it may not be the best fit for every borrower. Cavan Images Today’s high interest rate environment is making borrowing money expensive, and while there could be rate cuts later this year, it’s looking less likely right now. Not only has inflation remained persistent, but…
As reported by Sky News, attempts to secure long-term financing through a sale or capital injection will likely fail. According to sources from the municipal sector, there is still hope, but Arrival is already in discussions with auditing firm EY about insolvency administration. One of the reasons is that Arrival failed to comply with the…
The historic Fisher House bar and grill in Highbrook was recently placed into liquidation. Photo supplied A flurry of online bidding is under way as east Auckland locals and punters further afield vie for the assets of the liquidated iconic Fisher House Restaurant, Cafe, Catering and Conference Centre. Under instructions from the liquidators of Fisher…
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. Officials from some of China’s most indebted provinces and cities have met leading state bankers in Beijing in recent days as they step up efforts to renegotiate debt payments on billions of dollars in liabilities…
BBC Tony Downey can feel his heart racing a little as he walks up the main street in Hawkshead, a pretty village in the Lake District. It’s the first time he’s been back since he fled abroad after losing his livelihood and health from the Horizon Post Office scandal. “We didn’t even say goodbye, we…
The Albanese government will not bid for Regional Express but moved to shore up confidence in the struggling regional airline’s services by saying it would guarantee flight bookings during the administration process. Rex collapsed into voluntary administration last month after management infighting and concerns among major lenders that its strategy to increasingly compete against Qantas…
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. From auto loan debt to credit cards, Americans are leaning more on borrowed money to manage finances. In the fourth quarter of 2023, nonmortgage debt in America jumped to $4.89 trillion, a 5.4% increase…
REDcycle has accepted the offer made by the big two supermarket chains to take responsibility for the 12,400 tonnes of soft plastic stored by REDcycle in warehouses around the country, ahead of being declared insolvent today. Coles and Woolworths made the offer to store the soft plastic stockpile themselves late last week, after a meeting…