EU suspends debt aid to Zimbabwe over ‘draconian’ new law – MSN
EU suspends debt aid to Zimbabwe over ‘draconian’ new law MSN Read the original article here
U.S. reduces its estimate of Ukraine’s debt for wartime aid by two-thirds — Meduza
The United States has revised its estimate of the total aid it has provided to Ukraine since the start of Russia’s full-scale invasion, Bloomberg reports, citing sources familiar with U.S.-Ukraine negotiations. While White House officials had previously claimed the aid amounted to $300 billion, they’ve now lowered the estimate to $100 billion, according to the…
COSATU presented its submission on the Appropriation, Division of Revenue and Eskom Debt Relief Amendment Bills to Parliament – COSATU
COSATU presented its submission on the 2025/6 Budget’s Appropriation (allocations to national government), Division of Revenue (allocations to provincial and local government) and Eskom Debt Relief Amendment Bills to Parliament’s Select Committee: Appropriations. The Federation supports the positive increase in funding for critical and economic infrastructure, with an additional R46 billion bringing total infrastructure investments…
There Are Still Some Covid Fraud Cases in The Pipeline –
The Covid Bounceback loans, plus various business support schemes from 2020-2121 were a golden opportunity for scammers and fraudsters in the UK and abroad. Many cases are still feeding their way through the UK justice system and of course, many millions will never be recovered – except by raising taxes on more honest citizens. Here’s…
Rescue of Bushveld Mineral's SA ops hasn't failed, says its BRPs – News24
Rescue of Bushveld Mineral’s SA ops hasn’t failed, says its BRPs News24 Read the original article here
From the brink of bankruptcy to $2.45bn and beyond – The Australian
From the brink of bankruptcy to $2.45bn and beyond The Australian Read the original article here
MPs Declare TUK Insolvent Over Ksh 12B Debt Crisis
Members of Parliament (MPs) from the Committee on Education and Administration have declared the Technical University of Kenya insolvent following a Ksh12 billion debt that has plagued the institution since 2013. On Wednesday, April 16, administrators at the institution faced the committee, upon which a deteriorating cash crunch was noted. Both former and current administrators…
Wittner the latest retailer to hit the wall, calling in administrators
Wittner, the women’s boot retailer founded over a century ago, has collapsed and appointed a restructuring adviser after sales slumped and costs rose. Wittner is owned by British special situations investor Hilco Capital and was founded in 1912 as Australia’s first mail-order footwear business. Hilco is the firm that purchased Cue Clothing from the Levis…
Fox Friday Enters Voluntary Administration
When Fox Friday opened not one, but two new Australian venues last year, it felt like maybe the Tasmanian-born brewery was weathering the strong economic headwinds facing the independent brewing industry. It wasn’t the case. On Thursday, Benn and Sarah Hooper announced they were appointing McGrath Nicol to take control of Fox Friday’s portfolio of…
NCLAT rejects Supertech promoter’s plea against personal insolvency proceedings
In a significant development in the ongoing insolvency proceedings involving Supertech Ltd, the National Company Law Appellate Tribunal (NCLAT) has dismissed the plea filed by Ram Kishor Arora, the former promoter of the real estate firm, challenging the initiation of personal insolvency proceedings against him. Earlier this year, the Delhi bench of the National Company…