Hundreds of workers at scrap metal recycler Unimetals are facing redundancy after the company filed a petition for compulsory liquidation this week.

The Stratford-upon-Avon based firm, which holds operator licences in almost every traffic area and is authorised to run between five and 44 HGVs from each of its sites, has been fighting for survival in recent months. After struggling financially, it filed three notices of intention to appoint administrators but has now moved to wind itself up following the failure of a rescue deal.

The petition was lodged in court on Monday (24 November). The Official Receiver has confirmed it will now wind down the business in line with its statutory duties, which include investigating the cause of its…

Introduction

In a notable decision from the Hudson’s Bay Company
(“HBC“) CCAA¹ proceedings,
the Ontario Superior Court of Justice (the
“Court“) has confirmed that careful
drafting…

The Izzone. The trust expression of the community on MSU’s campus. Hundreds of students all unite into one collective force of screaming, bouncing and occasional jumbotron shilling. But amidst the communal chants of “de-fense” and “go-state,” some new yells have been entering the Izzone’s lexicon.

Instead of shouts of support for players or hatred for referees, these new ones sound a bit more biting: “I took the over on Kohler, you gotta put him back in,” Or “I can’t believe you missed that free throw, I needed you to score 15 tonight!”  

Those are the kindest ones. And most of them aren’t so kind.

In 2025,…

The Izzone. The trust expression of the community on MSU’s campus. Hundreds of students all unite into one collective force of screaming, bouncing and occasional jumbotron shilling. But amidst the communal chants of “de-fense” and “go-state,” some new yells have been entering the Izzone’s lexicon.

Instead of shouts of support for players or hatred for referees, these new ones sound a bit more biting: “I took the over on Kohler, you gotta put him back in,” Or “I can’t believe you missed that free throw, I needed you to score 15 tonight!”  

Those are the kindest ones. And most of them aren’t so kind.

In 2025,…

The Izzone. The trust expression of the community on MSU’s campus. Hundreds of students all unite into one collective force of screaming, bouncing and occasional jumbotron shilling. But amidst the communal chants of “de-fense” and “go-state,” some new yells have been entering the Izzone’s lexicon.

Instead of shouts of support for players or hatred for referees, these new ones sound a bit more biting: “I took the over on Kohler, you gotta put him back in,” Or “I can’t believe you missed that free throw, I needed you to score 15 tonight!”  

Those are the kindest ones. And most of them aren’t so kind.

In 2025,…

Irish renewable energy developer Solar 21 has said it will “vigorously” defend itself against a petition that a group of investors presented to the High Court earlier this week to wind up two of its subsidiaries.

The two entities – EFW 21 Renewable Energy (Project 2) Ireland Ltd and EFW 21 Renewable Energy (Project 2) Ltd – raised money from Irish investors through unregulated loan notes to fund the construction of an energy-to-waste plant in the UK.

The companies later selected lands at Seal Sands on the River Tees in Yorkshire as the site for what became known as the Teeside Project or Project 2.

Earlier this week, three Irish investors in the project submitted a petition to the High Court to have the two development companies…

The law also introduces borrowing caps for graduate and professional degree students ($20,500 annually, $100,000 lifetime) and parents taking out loans to assist with a child’s education ($20,000 per year, $65,000 per child).

Student loan experts worry these caps will push more borrowers toward private lenders, which charge higher interest rates, offer less favorable terms and don’t qualify for any income-driven repayment or forgiveness programs.

“You’re pushing people into the private student loan market and away from safe federal student loans with good consumer protections,” said Pierce.

According to Jonathan Glater, H.R.1 does nothing to address why student debt became a crisis in the first place: skyrocketing college…

PUTRAJAYA: Those who are found guilty of corruption should be declared bankrupt to stop them from enjoying stolen public funds, says Tan Sri Azam Baki.

The Malaysian Anti-Corruption Commission (MACC) chief commissioner proposed such a firm approach as part of the anti-graft body’s measure to intensify efforts to recover misappropriated national assets.

“As I have frequently mentioned, these offenders are those who steal the country’s wealth. They must be punished, and these assets must be returned to the people.

“I have said before that we need to bankrupt them so they cannot enjoy what they have stolen.

“The efforts to trace and recover the nation’s…

The Central Bank of Sri Lanka (CBSL) has ordered all licensed banks to extend temporary debt relief and new credit support to individuals and businesses hit by the recent cyclonic and flood disasters.

Under Circular No. 04 of 2025, affected borrowers can request assistance until 15 January 2026. Banks may suspend repayments for up to six months and must cap new loan rates at 9% for facilities up to two years. All late fees, cheque return charges and penal interest must be suspended until 31 January 2026.

CBSL also directed banks not to reject new loans solely due to CRIB records and to clearly communicate restructuring terms. Monthly reporting to CBSL begins end-December.

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