8 July 2025 – For years, blended finance —utilizing public development funds to attract private investment in developing countries —has been touted as a powerful means to bridge the financing gap for achieving the Sustainable Development Goals (SDGs). However, with this gap currently standing at US$4 trillion, according to data from the United Nations Department of Economic and…
Across the globe, people affected by problem gambling can quickly pile up debt. This in turn pushes some into criminal activities such as theft, fraud, or even murder in some cases. A crippling gambling addiction is the main reason for the tarnished reputation of one popular South Korean comedian who accumulated debt and asked fellow…
The Technical University of Kenya (TUK) has been declared insolvent by Parliament amid a deepening financial crisis marked by a Ksh12 billion debt and persistent salary delays for staff. The crisis has largely been blamed on a bloated workforce that exceeds the institution’s operational capacity, with payroll consuming Ksh270 million monthly. Additionally, TUK has failed…
The Technical University of Kenya (TUK) has addressed reports that the university has been shut down days after it was declared financially insolvent by the National Assembly. The Parliamentary Committee on Education on Wednesday, April 16, declared TUK insolvent amid a deepening financial crisis marked by billions of debts and persistent salary delays for staff.…
Showbiz is all about the blinding glitz and glamor, but it is just as much about the persistent bickering in and around the stars deal on a daily basis. Although some artists are too well-versed in the cruelty of the entertainment capital, not everyone belongs to the camp. Yet, despite steering clear of the archetype…
Screenshot: Weightwatchers.com WeightWatchers (WW) announced Tuesday that it is filing for bankruptcy in an attempt to crawl out of more than $1 billion in debt. The move comes as the company refocuses on prescribing weight loss GLP-1 drugs like Ozempic. The once-iconic weight loss company, controlled by parent company WW International Inc, said it plans…
GAC Fiat Chrysler Automobiles joint venture declared bankrupt MSN Read the original article here
Companies affected include XIT Distribution and Dicker Data. Esel, the ex-parent company to reseller Mwave, reportedly owes more than $15 million to several major Australian distributors following the company filing for voluntary administration last month. Those distributors allegedly owed money include, Dicker Data, Ingram Micro, XIM, Leader, Synnex, MMT, and Centercom. CRN Australia understands some…
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By HARRY WISE Updated: 22:30 AEST, 8 July 2025 Insolvency specialist Begbies Traynor saw annual profits almost double after a spate of larger, higher-value business failures. The group, which achieved its 10th consecutive year of growth, reported pre-tax profits jumped from £5.8million to £11.5million in the year ending April, while its adjusted earnings before nasties rose…