In a society where debt is a normal burden, most people have multiple repayments they have to make every month: mortgages, car loans, credit cards, student loans, lines of credit and personal loans. Personal finance isn’t widely taught in schools, but managing your money is an essential life skill. Spreadsheets and apps are helpful as tools to add inputs but often fall short in providing tangible information. Could artificial intelligence help bridge the gap?

There’s a chasm between getting no financial advice at all (commonly due to debt shame or a lack of funds) and being able to afford a financial adviser, so I wanted to see if AI could help bridge this with tips on how best to tackle your debt. 

There’s been a proliferation of…

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AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington D.C.West VirginiaWisconsinWyomingPuerto RicoUS Virgin IslandsArmed Forces AmericasArmed Forces PacificArmed Forces EuropeNorthern Mariana IslandsMarshall IslandsAmerican SamoaFederated States of MicronesiaGuam

The high debt saddling the world’s poorest countries needs an urgent reset to avoid multiple crises, African leaders said Thursday as they launched an initiative for debt relief and fairer borrowing terms. 

The African Leaders Debt Relief Initiative, signed on the sidelines of a G20 finance meeting in South Africa, will push for a revamp of the global lending system to unlock debt relief and favourable borrowing terms for developing countries.

“More than half of the African population live in countries that are spending more on interest payments than education, health or climate,” said former Mauritius…

Eight former African Heads of State and Government, including Ghana’s Nana Addo Dankwa Akufo-Addo, have signed the Cape Town Declaration, calling for immediate debt relief for highly indebted nations and lower borrowing costs for all developing countries.

The signing took place at the launch of the African Leaders Debt Relief Initiative (ALDRI) on the sidelines of the G20 Finance Ministers’ meeting in Cape Town.

The initiative is led by a distinguished group of former African leaders, including Olusegun Obasanjo (Nigeria), Joyce Banda (Malawi), Jakaya Kikwete (Tanzania), Macky Sall (Senegal), Hailemariam Desalegn (Ethiopia), Dr. Ameenah Gurib-Fakim (Mauritius), and Yemi Osinbajo (Nigeria). These leaders are advocating for a…

New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Thursday set aside the insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), which owns the Cafe Coffee Day chain.

A two-member NCLAT bench of Chennai bench comprising justices Sharad Kumar Sharma and Jatindranath Swain set aside an earlier order passed by the Bengaluru bench of the National Company Law Tribunal. The a detailed order is still awaited.

CDEL is the parent company of Coffee Day Group which operates the Cafe Coffee Day chain of coffee houses. It also owns and operates a resort, renders consultancy services and is engaged in the sale and purchase of coffee beans.

Last week, insolvency proceedings against CDEL were resumed as the appellate…

The liquidator’s report shows that East Imperial owes an estimated $22.2 million to creditors before the costs of liquidation.

Inland Revenue is the sole preferential creditor and is owed roughly $213,000, with secured creditors owed $60k, although a distribution of $60,112 has been made.

A further $604k is owed to unsecured creditors based on claims as of the date of the report, but the largest money owed is to intercompany liabilities, a significant $21,683,000.

Other creditors of the company include BNZ, ACC, Mainfreight, MYOB and New Zealand Customs, although amounts owed to them are unknown.

Webb and Campbell have been able to recover $285,896 from the sale of assets, such as office furniture and…

The University of Cincinnati and UC Health Lindner Center of HOPE’s Chris Tuell spoke with WLWT about the risk and apparent rise in sports gambling addiction.

Healthy sports betting is possible, but Tuell said the risk for addiction is high and appears to be rising.

“Sports betting can become highly addictive due to the thrill of winning and the urge to chase losses, leading to compulsive gambling behaviors,” said Tuell, assistant professor of psychiatry and behavioral neuroscience in the University of Cincinnati College of Medicine and clinical director of addiction services at UC Health’s Lindner Center of HOPE.

Emotional distress, relationship strain and financial loss are all high risks for problem gamblers. He said if…