Major travel agency declares insolvency, leaving hundreds abroad

Article continues after video advertisement Article continues after video advertisement On Monday, June 30, Slovak travel agency HappyTravel.sk was still selling holiday packages to Egypt and Turkey. Just one day later, on Tuesday, July 1, the company declared insolvency, meaning it can no longer meet its financial obligations. Roman Berkes, CEO of HappyTravel.sk, also stepped…

Ethiopia Secures a USD 3.5 Billion Debt Relief

Ethiopia’s Ministry of Finance has finalized a Memorandum of Understanding (MoU) with its Official Creditor Committee (OCC), formalizing a debt treatment agreement first reached in principle in March 2025. The deal grants Ethiopia over USD 3.5 billion in debt relief, marking a step toward restoring long-term public debt sustainability after years of negotiations. The…

NSW gamblers losing $24 million on pokies every day: report

Gamblers in NSW are losing a staggering $24 million to poker machines every day, says a charity advocating beefed-up regulations on pokies. Wesley Mission crunched the numbers from state government gambling figures and found poker machine losses skyrocketed to $2.17 billion in the first 90 days of this year. Communities in western Sydney incurred some…

Ethiopia Secures $3.5bn Debt Relief under G20 Framework

Ethiopia has reached a significant milestone in its ongoing efforts to address mounting external debt, securing a $3.5bn debt relief package through an agreement with its Official Creditor Committee (OCC), the Ministry of Finance announced on Wednesday. The memorandum of understanding was concluded under the G20 Common Framework for Debt Treatments, a multilateral initiative aimed…