Teetering casino giant Star Entertainment is considering a $650 million financial lifeline from a hard-nosed lender whose bailout deal with another big-name Queensland company ended in tears for shareholders. ASX-listed Star runs casinos in Brisbane, the Gold Coast and Sydney, and has warned of the risk of collapse due to financial struggles. It confirmed to…
These simple strategies can help your growing credit card debt from becoming a major issue. Getty Images Americans are sinking deeper into debt, and the numbers prove it. According to the latest Quarterly Report on Household Debt and Credit from the Federal Reserve, released this week, the total household debt nationwide surged by $93 billion…
Ethiopia bond investors accuse IMF over debt relief Financial Times Read the original article here
Teen gambling addict hands ATM cards to loan sharks to cover her debt New Straits Times Read the original article here
Wu Qing, a small garment factory owner in Shandong province, faced a financial crisis as his business deteriorated post-pandemic. He incurred 300,000 yuan in loans for business expansion in 2019, then borrowed another 500,000 yuan through consumer loans and credit cards to sustain his business amidst economic woes. By mid-2023, Wu was struggling with loan…
The debt crisis threatens to cripple many African countries (Vatican Media) Pope Francis’ call for debt cancellation in the 2025 Jubilee Year of Hope has inspired similar action among Catholic bishops and advocacy groups in East Africa. Source: The Tablet. The Jubilee 2025 Debt Cancellation Campaign launched in Nairobi on February 12 to target…
I’m 19 with $115,000 in debt and can’t work for another year – but expert say ‘my story’ will help me out of the mess NewsBreak Read the original article here
A 19-year-old is facing $115,000 worth of debt after a life-threatening car crash. Zane called into The Ramsey Show, where two of its hosts, Jade Warshaw and Ken Coleman, gave the young man some advice. 1 The two hosts, Jade Warshaw and Ken Coleman, gave Zane some advice.Credit: The Ramsey Show “Three months ago, I…
Digging out of debt used to be a new year tradition. The first three months of the year typically were the busiest for credit counselors, who were inundated with calls from Americans zapped by out-of-control holiday spending or emboldened by a “new year, new you” ethos for their finances. But that decades-long trend may be…
The Debt Relief Bill Poised to Grant Aid to Developing Countries Borgen Project Read the original article here