The High Court on Tuesday declared media tycoon Yu Pun-hoi bankrupt, after a failure to repay debts of more than HK$400 million to a mainland investment bank. Yu is the chairman of formerly listed Nan Hai Corporation, the parent company of online media outlet HK01. The court heard that the creditor, CCB International Overseas Limited,…
The Australian Digital 12 Month Plan costs $416 (min. cost) for the first 12 months, charged as $32 every 4 weeks. This automatically renews after the first 12 months to be charged as $32 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12…
Britain’s second-largest city has reportedly declared itself bankrupt and has shut down all non-essential spending after being issued with equal pay claims totaling up to £760 million ($956 million). According to a report by CNN, the deficit arose due to difficulties paying between around $816 million and around $954 million in equal pay claims. Birmingham…
“However, in 2024, I do believe it’s well past time to Elon to step aside. The lack of focus on the core business is hurting the company’s long-term prospects, especially in China, where there is a huge amount of competition, and those companies are redesigning products every two years,” Abuelsamid said. “A change of leadership…
Analysis and Commentary on the Insolvency Statistics Q2 2023 The quarterly insolvency statistics for April to June 2023 show that corporate insolvencies across the UK1 are at a 14-year high. Increased insolvencies appear to be continuing with the monthly statistics for both August and September 2023, showing corporate insolvency numbers were higher than the same…
London CNN — Britain’s second-biggest city effectively declared itself bankrupt on Tuesday, shutting down all nonessential spending after being issued with equal pay claims totaling up to £760 million ($954 million). Birmingham City Council, which provides services for more than one million people, filed a Section 114 notice on Tuesday, halting all spending except on…
Despite his “foolproof” sports-betting scheme haemorrhaging money, Michael Pryde recklessly invited his friends and family to gamble their money. In the end, he lost over $1 million of their money in the failed scheme as he tried to beat the odds and recoup his losses. Pryde ran the Simply The Bets scheme with a promise…
What’s behind this acceleration? The recession in corporate revenues is gaining traction amid lower pricing power and weaker global demand: As of Q2 2023, the revenue recession has been broad-based across all regions for the first time since mid-2020 (-1.9% y/y). This combined with continued high costs is squeezing profitability. As a result, liquidity positions…
The Government said AI firm Cervest could ‘transform lives’ — It was weeks from collapse Evening Standard Read the original article here
Katie Price has been declared bankrupt for a second time.The former glamour model – who was previously declared bankrupt in 2019 – owes more than £750,000 to HM Revenue and Customs (HMRC) and failed to respond to the organisation over the debt, a court was told on Monday (19.03.24).Insolvency and Companies Court Judge Sebastian Prentis…