The grant element method of measuring the concessionality of loans and debt relief – OECD
The grant element method of measuring the concessionality of loans and debt relief OECD Read the original article here
Labour urged to lead global debt relief effort as cost of repayments soars | Debt relief
Campaigners are urging Labour to lead the charge for global debt relief in 2025, as new analysis shows lower-income countries spent 15% of their revenue on repayments this year – the highest level for three decades. Calculations by the charity Debt Justice, based on data from the World Bank, show repayments from poorer countries bottomed…
Comedian Lee Jin Ho’s gambling debts spiral, victimizing BTS Jimin, Lee Soo Geun, and others
BTS Jimin, Lee Soo Geun, and Ha Sung Woon Also Victimized…Comedian Lee Jin Ho Caused Financial Harm to Dozens of Celebrities It has been revealed that BTS Jimin, Lee Soo Geun, and other celebrities suffered financial losses after being deceived by comedian Lee Jin Ho, who reportedly incurred billions of won in debt due to…
Insolvent flying taxi startup Lilium has found a buyer – Sifted
Insolvent flying taxi startup Lilium has found a buyer Sifted Read the original article here
KTM To Sell Majority Stake In MV Agusta, MotoGP Withdrawal Planned – ADV Pulse
KTM To Sell Majority Stake In MV Agusta, MotoGP Withdrawal Planned ADV Pulse Read the original article here
Lilium secures deal to restart operations after near insolvency
Lilium, the Munich-based electric aircraft startup, was on the brink of closure earlier this week, with plans to lay off its more than 1,000 employees after failing to secure additional funding. However, on December 24, a surprise announcement revealed that Lilium had signed an asset purchase agreement with Mobile Uplift Corporation, a consortium of investors…
Prince Harry And Meghan Markle Could Go Bankrupt In 2025? ‘No Substantial Income…’
Last Updated:December 25, 2024, 12:24 IST Royal Family News: Prince Harry and Meghan Markle signed a £80 million contract with the streaming giant in 2020 after they stepped down as senior working royals. Royal Family news: Prince Harry and Meghan Markle are seen. Prince Harry and Meghan Markle have been warned about a key “financial…
The Choices I’ve Made – Democracy Docket
In Ernest Hemingway’s first novel, The Sun Also Rises, one of the characters is asked how he went bankrupt. “Two ways. Gradually, then suddenly.” Nearly 100 years later these lines still ring true. Bankruptcy — whether financial, moral or political — tends to happen gradually until it happens suddenly. The moral bankruptcy of the Republican…
Amsterdam’s Wizenoze shuts shops: Know more
Based out of Amsterdam, Wizenoze, a developer of an online education platform, has been declared bankrupt by the court in Amsterdam on 23-12-2024. Lack of funding, generative AI, and more According to co-founder Diane Janknegt, Wizenoze was doing well and needed funding for product development. They secured an agreement with an investor, but when they…
The manufacturer of stars Mercedes-Benz went bankrupt after 228 years of existence
The supplier of Mercedes-Benz branded “stars” has declared bankruptcy. The German company Gerhardi Kunststofftechnik GmbH failed to cope with the challenges faced by the modern European automotive industry due to the fall in demand for electric vehicles. The company, founded in 1796, survived two world wars but went bankrupt in 2024. This was reported by…