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Elon Musk has warned Bill Gates could go bankrupt in the future if Tesla meets one condition.
They are two of the most powerful and richest men on the planet, but they often don’t seen eye to eye.
Back in April 2022, Musk said he refused a philanthropy request from Gates over the stock shorting incident, which was revealed by screenshots of a text exchange between the pair.
The Tesla CEO asked Gates if he still had a ‘half billion dollar short position against Tesla’, to which the Microsoft founder replied: “Sorry to say I haven’t closed it yet […] I would like to discuss philanthropy possibilities.”
Musk says he couldn’t take Gates’ climate change philanthropy ‘seriously’ when he has a ‘massive short position against…
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MPI drops allegations of fraud against Gloriavale honey company after liquidation The Press
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BANGKOK: Thailand’s cabinet on Wednesday (Dec 11) approved debt support measures, including interest suspensions and reduced principal payments, to help tackle household debt, Prime Minister Paetongtarn Shinawatra said.
The measures will help retail borrowers and smaller businesses, she told a press conference.
Finance Minister Pichai Chunhavajira told reporters the cabinet also agreed to allow banks to pay a reduced annual contribution of 0.23 per cent of their deposits to the Financial Institutions Development Fund (FIDF) for three years.
The reduced FIDF contributions would help banks support debtors, officials have said.
Banks currently must pay an annual regular contribution rate of 0.46 per cent of their deposits to the FIDF,…
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UN chief says debt relief tools far from adequate Reuters
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Katies was once a staple of the Australian fashion industry but the brand will be lost to time as its remaining 80 stores are shut for good in January.
The closures are one lever being pulled in a delicate bid to stabilise parent company Mosaic Brands, which recently entered voluntary administration owing creditors almost $250m.
Launched in Australia in the mid-1950s, Katies was known for its range of stylish fashion offerings and grew to more than 150 stores nationwide.
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However, experts say management had neither adapted to recent market conditions nor allowed it to stand out from other retailers within Mosaic’s stable.
“Mosaic Brands had overlapping brands targeting similar…
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“Whether through a remortgage or a second charge mortgage, debt consolidation can be a practical and valuable solution for those needing to restructure their finances.”
The ongoing cost-of-living crisis has left many households struggling to manage their finances. Rising food and energy bills continue to squeeze disposable incomes, with over half of respondents in Pepper Money’s latest Specialist Lending Study reporting a decrease in their available funds. As a result, 61% of people said they are concerned about their financial situation, while 78%…
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Nicheliving directors save failed company from liquidation MSN
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Nicheliving directors save failed company from liquidation MSN
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Spread over three years, the funding totalling £114,400 will support individuals facing complex challenges with housing, debt and welfare rights.
Debbie Alexander, CEO, said: “We are very grateful to the National Lottery Community Fund and proud to begin this exciting partnership with them.
“CHAP is committed to using this funding to deliver more flexible and tailored support to individuals and families in need.
“Together, we aim to create lasting, positive change for communities across Ayrshire.”
For more than 20 years, CHAP, based in Ardrossan, has been providing a free, impartial, advice service in Ayrshire to people facing challenges relating to debt, welfare and housing.
To access CHAP’s services,…
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Banxso’s Liquidity and Security Offer Raise Questions About Liquidation Motives MSN
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Following a brief pause during the COVID-19 pandemic when consumers reined in credit card spending, Americans are once again piling up the…
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