ACCC warns of higher airfares after Rex entered voluntary administration, stopped servicing Sydney-Melbourne-Brisbane routes

Liquidation

The revelation comes in the latest report on domestic airline competition from the Australian Competition and Consumer Commission (ACCC) which found some relief for Aussie travellers in the first six months of 2024. Aussies saw a drop in airfares, reduced cancellation rates and better on-time performances, however the withdrawal of Rex from the Sydney-Melbourne-Brisbane ‘golden…

Mizuhara free on $25K bond in illegal wagering case

Debt Help

Ippei Mizuhara, the Japanese-language interpreter who formerly worked closely with Los Angeles Angels and Dodgers star Shohei Ohtani and is accused of stealing $16m to cover gambling debt, appeared in federal court on Friday (12 April) and was released on $25,000 bond. According to a tweet from The Athletic’s Sam Blum, Mizuhara was shackled entering…

UK’s 2nd largest city declares bankruptcy

Bankruptcy

The city centre of Birmingham. [Photo/VCG] Fears grow over fate of more councils after Birmingham files for insolvency Local governments in the United Kingdom went into panic mode on Wednesday after Birmingham City Council effectively declared itself bankrupt. Authorities warned that more councils across the UK could declare themselves in financial dire straits. Birmingham City…