Similar to the popular South Korean TV series Squid Game, fraudsters in China are eyeing people who are struggling financially amid a slumping economy by promising prize money, debt restructuring, and unusual schemes. However, Chinese players are taking “self-discipline” challenges to not risk their lives, unlike the series Squid Game, which is set to return…
On Christmas Eve, Pope Francis appeals for courage to better the world Jubilee year expected to bring 32 million tourists to Rome ‘Holy Door’ is only open in Jubilee years Pope calls for cancellation of some of developing world’s debt VATICAN CITY, Dec 25 — Pope Francis said the story of Jesus’ birth as a…
Bankrupt Birmingham council takes drastic steps to balance the books Financial Times Read the original article here
Supportive fiscal acts to serve as crucial pillar to sustain robust recovery amid headwinds both at home and abroad BEIJING — Just as a single decisive move can energize a chess game, China’s latest initiative to address local government debt risks marks a crucial step in revitalizing the growth prospects of the world’s second-largest economy.…
SINGAPORE: Former oil tycoon Lim Oon Kuin, better known as OK Lim, and his two children have been declared bankrupt, according to the government gazette on Friday (Dec 27). The 82-year-old Lim and his two children, Lim Huey Ching and Evan Lim Chee Meng, consented in September to a judgment of US$3.5 billion (S$4.7 billion)…
Countries with lower credit ratings are increasingly utilizing debt-for-nature swaps to manage their financial liabilities while supporting environmental conservation initiatives. This trend is gaining traction with the backing of multilateral development banks and an expanding pool of diverse investors, according to Latin Finance. Joan Prats, a principal financial specialist at the Inter-American Development Bank (IDB),…
What student loan borrowers should know before Biden’s term ends Axios Read the original article here
The Financial Sector Supervisory Commission (CSSF) notified the public that Dock Financial S.A., an electronic money institution has been declared bankrupt on 23 December 2024. The Court designated Me Cédric Schirrer as the bankruptcy receiver in the same ruling. The CSSF confirmed on December 24, 2024, that Dock Financial S.A.’s insolvency resulted in the removal…
Rites announces voluntary liquidation of Indian Railway Station Development Corporation Business Standard Read the original article here