When I was younger, I was taught that prevention was better than cure. This is something we as a country did not adhere to following the last recession regarding mortgage arrears. It is essential that the lessons learned from that crash are applied to what is coming here next. The pre-Covid-19 mortgage arrears landscape was…
Company directors could be personally liable when coronavirus relief measures end. As we know, the federal government has implemented a package of changesto Australian insolvency and bankruptcy laws to provide relief from the economic impacts of COVID-19. The package included a temporary insolvent trading safe harbour, which provides company directors with temporary relief from the…
Willie Breedt, CEO of VaultAge Solutions, who is alleged to have scammed bitcoin investors out of millions. Supplied Willie Breedt is accused of going on the run after allegedly failing to repay the money investors had paid him. Around 2 000 investors put an estimated R227 million into Breedt’s VaultAge Solutions to invest in bitcoin…
Boris Becker was a tennis phenom in the 1980s and 1990s. The former world No. 1 won 49 titles, six Grand Slams, and an Olympic gold medal during his pro career. Over the course of his career, Becker made $25 million in prize money and $130 million in total earnings. Despite his massive riches from…
3 July 2020, 14:57 | Updated: 3 July 2020, 14:58 Chief executive Craig Hassall has warned the history venue is in grave danger. Picture: Kevin Nixon/Classic Rock Magazine/Future via Getty Images According to reports, the iconic venue will run out of funds by its 150th anniversary in March 2021 if action isn’t taken. The Royal…
The former company behind a Lancashire pub has been ordered to pay more than 25,000 after it was found it unfairly sacked one of its employees. Leyland Park Ltd, which had been trading as the Withy Arms Leyland up until June 2019, has been told to pay up 25,567.46 after former company employee John Travill…
The hottest luxury and A List news When it comes to Londons richest men, they dont come much wealthier than Lakshmi Mittal. With a fortune estimated at nearly 7 billion, the gods have been smiling on the tycoon who built his riches buying and building steel factories around the world. Indeed, when he was born…
Wheres Kathy Jackson when you need her during a pandemic? Its a cry Gadfly hears frequently as he gallivants around a boarded-up nation, so its timely to present a handy updated guide to events. Kathy was the national secretary of the Health Services Union of Australia, the outfit that represents a massive number of people…
TheRoyal Albert Hall will go bust by March next year if it doesnt receive urgent financial support, the iconic venues chief executive has warned. The West London venue, which was the busiest live music venue in the world last year, has lost 12m after closing its doors for more than 100 days due to coronavirus.…
Decades before Rick Blangiardi began his run for Honolulu mayor, he took part in financial schemes in Hawaii and Kansas that led him to file for bankruptcy and landed the scams ringleaders behind bars. The former television executives involvement got the attention of the Federal Deposit Insurance Corp., or FDIC, which sued him and others…