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The Western Cape High Court has placed CFD trading platform Banxso under provisional liquidation, with Judge André le Grange handing down a damning judgment that described the company as operating a fraudulent and predatory business model that preyed on vulnerable investors. The application was brought by 60-year-old pensioner Carol Margaret Wentzel, who lost more than…
“This government is not only thick-skinned like a rhinoceros, but also blind, mute, and deaf. The pain of farmers doesn’t exist for them. This BJP alliance government is anti-farmer. Why can’t Devendra Fadnavis, Eknath Shinde, and Ajit Pawar pick up a pen to sign off on a loan waiver for farmers?” he remarked. Read the…
DraftKings will ban the use of credit cards for sportsbook and online casino deposits in the United States beginning August 25, 2025. The Boston-based operator announced the decision on Thursday, saying the change is designed to protect customers from “cash advance fees and higher interest rates” tied to credit card funding. The move comes just…
Gardenpalms Europe declared bankrupt FloralDaily Read the original article here
Contracting company KDR Venlo has been declared bankrupt. Local Limburg media report that creditors filed for the bankruptcy of the business, which employed two people. The company was active in greenhouse roof cleaning, both in the Netherlands and abroad. KDR Venlo B.V.…
Famed investor Ray Dalio makes the case in How Countries Go Broke that the United States government is too heavily indebted and that significant changes to spending, taxes, and interest rates all need to be made, and soon, to save us from looming fiscal catastrophe. This position is mostly uncontroversial outside of the halls of…
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. ST Group Food Industries Holdings Limited ( (SG:DRX) ) has shared an update. ST Group Food Industries Holdings Limited has announced the proposed creditors’ voluntary liquidation of…
Nine non-bank financial institutions (NBFIs) out of a total of 35 are likely to be liquidated in the interest of depositors, making it the first such incident in the financial sector. The nine NBFIs are: FAS Finance, Bangladesh Industrial Finance Company, Premier Leasing, Fareast Finance, GSP Finance, Prime Finance, Aviva Finance, People’s Leasing and International…
A union has welcomed the government taking over a troubled steel company, but is warning that payment for workers must be a top priority. Speciality Steels UK – which employs almost 1,500 people – was pushed into compulsory liquidation yesterday, and is the third-largest producer in the country. It is part of the Liberty Steel…