In the 1970s, Peugeot expanded greatly, taking over Citroen in 1975 and forming the PSA Group, followed by Chrysler’s European division in 1978. However, what seemed like a good idea at the time, soon put the company into financial trouble. To survive, Peugeot needed to think big, or rather, should that be, little – as…
The Albanese government is in talks to extend a sixth taxpayer-funded loan to Papua New Guinea, despite warnings from the International Monetary Fund that the country is at high risk of external debt distress, raising questions whether the money will be repaid. Australia has provided the Papua New Guinea government with a loan every year…
AUSTRALIA | Sustainable packaging company Great Wrap has entered voluntary administration following years of financial losses and a failure to achieve commercial scale. The Melbourne-based manufacturer was best known for its compostable cling film and pallet wrap, made from plant and food-waste materials as an alternative to conventional plastics. Founded in 2019 by Jordy and…
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REVEALED: Latest business liquidations in Logan The Courier Mail Read the original article here
Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email When Lucy Rogers* finally opened a letter she had been ignoring for months, informing her that her utilities bill was increasing, it was the final…
New Delhi: The National Company Law Tribunal (NCLT) has admitted an insolvency plea against Blu-Smart Mobility Tech over non-payment of dues worth Rs 5.84 crore to Lepton Software Export and Research. The Ahmedabad bench, comprising members Sanjeev Sharma and Shammi Khan, appointed Pawan Kumar Goyal as the interim resolution professional (IRP) and suspended the company’s…
A 20 per cent cut to student loans is now just weeks away. The slashing of HELP bills, including HECS debts, is rolling out by the end of 2025 and is welcomed relief for some 3 million Australians who owe money on their tertiary education — but some say the relief does not go far…
A pilot of the scheme helped secure a combined £1.67m in financial gains for participants Placing debt and benefits advisers in GP surgeries could ease pressure on the NHS and improve patients’ health across the country, a pilot test shows. The Financial Shield project, run across 34 GP practices in South London, found that more…