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Executive SummaryAfrican leaders face a difficult challenge: fostering development by accumulating debt for future generations to carry, or raising taxes
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WASHINGTON — Republican and Democratic members of a House education panel agreed Wednesday that K-12 schools need a stronger focus on improving academic outcomes for students — but they had vastly different views on the direction the nation’s schools should take.
The nearly three-hour hearing, which is the first held by the Education and Workforce Committee in the 119th Congress, covered topics such as…
A NSW home builder has entered administration with soon to be property owners fearing their houses may never be finished.
Clarke Homes, which formerly traded as Hotondo Homes, has been placed into administration following a meeting with creditors held on Wednesday.
Documents reveal the company owes employees wages and salaries, annual leave, personal leave, and superannuation.
Clarke Homes owes more than 100 creditors in excess of $3.1 million.
Jason Porter and Joshua-Lee Robb of SV Partners have been appointed as administrators.
“We have been working with the Company to obtain all the Company’s books and records including information on customer projects,” the pair said in a statement to clients.
African leaders face a difficult challenge: fostering development by accumulating debt for future generations to carry, or raising taxes and facing widespread discontent, protests and even risks of democratic instability. Making tangible improvements to their citizens’ lives requires significant investment in infrastructure, health care, education and economic competitiveness, but public resources are constrained by substantial debt-servicing burdens and limited capacity to tax. African citizens want change and African leaders struggle to deliver, overburdened by interest and debt (re)payments.
We propose a path out of the growing debt crisis through a five-pillar plan: a New Debt Deal for Africa. This plan substitutes…
In a letter seen by the BBC, the DWP told Ms Buckley: “I confirm our decision to waive the outstanding balance of £4,810.17 – therefore this money no longer has to be paid back.
“The Secretary of State has exercised their discretion not to recover any further monies and no further action to recover the remaining balance of the overpayment will be taken.”
The DWP’s u-turn came was a relief for Ms Buckley, who described the last 18 months as “nerve-wracking”.
“I can now celebrate my 60th birthday in style,” she said.
“I thought it [her universal credit payment] was wrong and the money I was getting was too high, but they wouldn’t listen to me and just said it was correct.
“There were times where I considered just paying it [the debt] and…
SINGAPORE – An adviser probing the alleged accounting fraud at Indonesian agritech company eFishery recommended that investors make a decision on whether to liquidate or restructure the firm as soon as this month, in light of the rapid unraveling of the high-profile start-up, according to a document reviewed by Bloomberg News.
In a few weeks, shareholders should vote on whether to wind down, restructure, or sell the company entirely or partially, according to a letter of engagement from FTI Consulting Singapore, the adviser hired by eFishery’s board. Meanwhile, a trade union organised by staff is pushing for the company to cancel mass job-cut plans and resume its business.
The adviser will first conduct an independent review to assess…
A recent Westpac survey of 1,093 customers highlighted a concerning trend, with 24% indicating that holiday expenses might cause financial strain, and 14% considering taking on debt to cover upcoming costs.
The findings underscored the challenges faced by many as they enter the new year, dealing with the aftermath of holiday expenditures coupled with regular financial obligations.
Special loan features and benefits
Sarah Hearn, Westpac NZ’s general manager of product, sustainability, and marketing, explained that the consolidation loan is designed to simplify customers’ financial commitments.
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Customers complained they did not receive the kitchens they had paid deposits for to Smart Choice Kitchens Limited and Empire Kitchens and Bathrooms Limited
A phoenix company, Connect Kitchens Limited, was suspected of being set up to continue the same operation
The three companies, connected by a shared director, were shut down in court following investigations by the Insolvency Service
A group of linked kitchen design and fitting companies based in Manchester have been shut down after taking upfront payments from more than 20 customers for products they did not provide.
Smart Choice Kitchens Limited, Empire Kitchens and Bathrooms Limited, and Connect Kitchens Limited were all wound-up at a…
West Dunbartonshire Council has successfully collected over 97 per cent of business rates owed to the Council for 2023/24.
A report to Corporate Services Committee informed members of the high collection rate of non-domestic business rates and highlighted the commitment of the Council’s Debt Management team to collect 97.29 per cent of £92.1million owed for Non-Domestic Rates.
Members also agreed to write off £637,211 of non-domestic business rates dating back to 2019 after exhausting all avenues for collection. The majority of money being written off is due to businesses being dissolved and includes debt owed by one…
The small business restructuring scheme is gaining momentum with a three-fold increase in the first half of the 2025 financial year, according to the latest Corporate Insolvency Index.
The most recent Corporate Insolvency Index from Insolvency Australia highlights the positive impact of the small business restructuring (SBR) scheme on Australia’s business recovery landscape.
According to the index, SBRs increased three-fold in the first half of the 2025 financial year, highlighting the popularity it had gained as more directors sought intervention to preserve businesses and jobs.
Insolvency Australia director Gareth Gammon said he expected to see the mechanism…
