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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.
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…
Cannabis of questionable quality grown by a Christchurch company in liquidation is being sold in Australia at record low prices.
Aether Pacific Pharmaceuticals, formerly known as Medical Kiwi, was placed into liquidation earlier this month with creditors claiming more than $8.7 million.
Eight former African Heads of State and Government have signed the Cape Town Declaration, a landmark call for urgent debt relief for highly indebted nations and reduced borrowing costs for all developing countries.
The declaration was endorsed at the launch of the African Leaders Debt Relief Initiative (ALDRI), a collective push for comprehensive reforms in the global financial system.
The initiative was unveiled during the G20 Finance Ministers’ meeting in Cape Town, where South Africa, as the current G20 President, has placed debt sustainability at the core of its agenda. The declaration also aligns with the African Union’s Agenda 2063, reflecting the continent’s long-term economic aspirations.
