The number of retail businesses closing due to insolvency continues to fall but the hospitality sector continues to struggle, the latest PwC insolvency barometer reveals. The report, analysing insolvencies for the first quarter of 2025, shows there were 192 insolvencies in the first quarter of this year – 14% fewer compared to the first quarter…
Loading According to Australia Post’s latest e-commerce report, Australians spent a record $69 billion on online shopping last year, an increase of 12 per cent on the year before, largely driven by platforms such as Amazon, Shein and Temu. “Online marketplaces”, such as Amazon or eBay, accounted for nearly 40 per cent, or $16 billion,…
The company saw exponential growth during the COVID-19 pandemic, reaching a peak valuation of $22 billion ((around Rs 1,83,000 crore) in 2022. However, aggressive expansion through costly acquisitions and marketing led to financial mismanagement. Byju Raveendran, the founder of Byju’s, took to X on Sunday and showed optimism about rebuilding his business “brick by brick”…
Going bankrupt is most people’s worst nightmare, but one Aussie has explained why she didn’t panic, which ultimately led to her making millions. Candy Kemp, 42, went bankrupt at 25. At the time, she was a single mum with three kids, and she found herself left with nothing after a business venture fell apart. Ms…
Trump Tariff Impact Already Starting: Two Auto Parts Companies Go Bankrupt in March BusinessKorea Read the original article here
Hundreds more jobs at risk as another car component factory is declared insolvent Portugal Resident Read the original article here
23andMe, which provides medical and ancestry-related genetic testing, has filed for bankruptcy after it was unable to find a buyer to rescue it from insolvency proceedings and the board of directors rejected a buyout offer from co-founder Anne Wojcicki. Despite collecting DNA from saliva samples from more than 15 million customers, the company hasn’t been…
The staggering cost of England’s special educational needs and disability (Send) crisis shows no sign of easing. A Guardian investigation has revealed councils will overspend on Send services by nearly £2bn over the next year, pushing their accumulated deficits to at least £5.2bn by 31 March 2026. The date is crucial because that is when…
What happens when your builder goes bust Money magazine Read the original article here
Joshua Seemungal Senior Multimedia Investigative Journalist joshua.seemun[email protected] Nigerian energy company Oando PLC, the Government’s preferred bidder for the lease of the Pointe-a-Pierre refinery, has been struggling financially. According to Oando’s unaudited statements and separate financial statements ending December 31, 2024, the company is in accounting insolvency. The financial statements, viewed by Guardian Media’s Investigative Desk,…