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…
Drake has revealed the staggering amount of money that he has lost gambling so far over the last month alone. Posting on his Instagram Stories, a screenshot of his gambling account revealed the 6 God had wagered almost $125 million over the last month and was more than $8 million in the hole. The screenshot…
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.…
By Ben Zigterman ( July 14, 2025, 3:14 PM EDT) — Maverick Gaming LLC, which operates casinos and hotels in Nevada, Colorado and Washington, filed for bankruptcy relief Monday in Texas with more than $100 million in liabilities and a $22.5 million Chapter 11 financing package lined up…. Law360 is on it, so you are,…
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Exclusive: Zig Zag, the 25-year-old UK producer behind shows including Fox’s I Wanna Marry Harry, is shutting its production arm after being hit by the unscripted commissioning drought. Zig Zag is putting Zig Zag Productions Limited into insolvency as part of a financial restructuring that has resulted in six employees being made redundant. The company,…
A perfect storm of adverse events has seen South Australian dairy company Beston Global Food Company go into voluntary administration. Beyond the farmers who supply the milk to the company, an additional 159 workers at the company’s Jervois and Murray Bridge sites will be affected by the development. Beston was known for its cream cheese…
Insolvency expert urges vulnerable family businesses to adapt against mounting pressures The New Stour And Avon Magazine Read the original article here
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