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Why our leaders need to act on debt relief In his invitation letter to mark the 2025 Jubilee, Spes Non Confundit (“Hope does not disappoint,” Rom 5:5), Pope Francis reminds us that “hope should be granted to the billions of the poor who often lack the essentials of life” and that “the goods of the…
[WASHINGTON] More work is needed to improve the sovereign debt restructuring process and help countries facing mounting debt service challenges, the chairs of a global debt roundtable said on Wednesday (Apr 23), as they released a new playbook to aid those efforts. The Global Sovereign Debt Roundtable, formally launched in late 2022 to help accelerate…
MoneyMagpie Editor and financial expert Vicky Parry shares tips for tackling your debt and the emotional impact of worrying about finances Don’t suffer in silence if you’re struggling with debt(Image: Getty Images) Water bills: up. Energy bills: up. Groceries: up. The cost of living continues to rise and many more of us are facing debt…
The Federal Court in Brereton, in the matter of ICT Century Pty Ltd (In Liquidation) [2025] FCA 107 granted the liquidators of ICT Century Pty Ltd (in liquidation) (ICT) a one-year ‘shelf order’, or an extension of time to bring voidable transaction claims under section 588FF(1) of the Corporations Act 2001 (Cth). This allows liquidators…
Development debts escalate past $100m The Press Read the original article here
No rescue in the Worx for hire business The West Australian Read the original article here
On March 12, 2025, Sweden’s Northvolt, once heralded as Europe’s battery champion for electric vehicles (EVs), declared bankruptcy. This collapse has sent shockwaves through the European automotive sector, especially the already struggling electric car market, which faces fierce competition from American and Asian giants. Northvolt’s Ambitious Journey Turns into a Fiasco Northvolt, founded in 2016,…
The Department of Education announced Monday that the Federal Student Aid (FSA) will restart collections on defaulted student loans beginning May 5. Even before this news, millions of borrowers were already seeing their credit scores plunge in recent months, and loan servicers are warning that a record number of borrowers are at risk of defaulting…
SINGAPORE – When a woman whom Ali (not his real name) liked asked him to help with her part-time job, he thought he had a chance at romance. Instead, his savings were wiped out, and he is more than $25,000 in debt. Scam victims in Singapore lost a record $1.1 billion in 2024. Some victims,…