(Bloomberg) — An arm of gym chain Physical Beauty & Fitness received a liquidation petition from a major mall operator in the city, following the shuttering of its branches earlier this year.

The wind-up petition against Physical Health Centre (TST) Ltd. was filed by Link Properties Ltd., according to a court document dated Dec. 6, and the first hearing is scheduled for Feb. 19.

Large gym chains in Hong Kong face growing pressure from high rental costs, competition from smaller rivals and a sluggish economy. Physical announced in September that it would shut down after more than 30 years in business, local media reported. It operated around 19 branches across the city before it closed, according to its website.

In August, Pure Fitness, a…

Aryza Group has announced a partnership with TransUnion.

The partnership will leverage the strengths of both companies to offer comprehensive credit and debt management solutions across all Aryza platforms and services in the UK and Ireland, whilst keeping consumer well-being at the heart of decision making.

The collaboration is designed to address the growing demand for integrated credit and debt management solutions among TransUnion’s customer bases. The partnership aims to fill the gaps identified by TransUnion for clients that are looking for more comprehensive platform and data solutions across the credit and debt management cycle. 

Kevin O’Neill, Chief Revenue Officer at Aryza said “This partnership marks a…

As the quest to resolve the global debt crisis goes on…

A team of experts has been established to bring this to action, while building a more inclusive and equitable international tax system.

READ: G20 presidency | Discussing priorities with Russia’s G20 Sherpa

This is according to Secretary-General of the United Nations, António Guterres.

He says former finance minister, Trevor Manuel is among the appointed experts.

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.

To enable cookies, follow the instructions for your browser below.

Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2….

In today’s challenging economic landscape, managing your credit card debt can be a daunting task. After all, the current credit card interest rate environment, in which card rates average over 23%, can lead balances to spiral out of control quickly, leaving you feeling trapped and overwhelmed. And when you add in the other economic hurdles cardholders are facing, like high consumer goods prices due to lingering inflation, it can be even more challenging to get the revolving credit card…

Elon Musk, CEO of Tesla and SpaceX, has hinted that Microsoft co-founder Bill Gates could go bankrupt because of his investment in Tesla stock. Musk’s tweet about this has gone viral, bringing attention back to their ongoing feud. The conflict started in 2022 when Gates reportedly lost $1.5 billion due to a short position in Tesla.

Elon Musk posted on X, “If Tesla does become the world’s most valuable company by far, that short position will bankrupt even Bill Gates.” He was referring to Gates’ bet against Tesla’s success, which could backfire if Tesla continues to rise in value. Musk has repeatedly called out Gates over this issue.

If Tesla does become the world’s most valuable company by far, that short…

Last Friday, Neale Jackson and Daniel Stoneman of Calibre Partners were appointed receivers.

Initial reports on Mountview Green are yet to be issued.

“The development Roto Whare owns is known as Mountview Green. It consists of two stages,” Jackson said.

Stage one between Ian St and Mill St includes 26 homes.

“All the homes in this stage have been completed and sold,” Jackson added.

But most places in the second stage are not in that position.

“Stage two between Frank St and Emma Alley is made up of 60 homes: 18 are completed, sold and settled, 22 are completed but not settled and 20 are in various stages of construction,”…

Ascent Resources updated the market on the insolvency proceedings of its former Slovenian joint venture partner Geoenergo on Wednesday, confirming progress in its claims to recover funds.

The AIM-traded firm said a Slovenian insolvency court had approved multiple claims submitted by Ascent’s subsidiary, Ascent Slovenia (ASL), though some disputes remained unresolved.

It said the court had approved ASL’s conditional claim of €3.04m for its share of joint venture plant and property, contingent on signing a handover memorandum, which ASL planned to finalise shortly.

Additionally, the court approved €2.7m of a €7.78m claim for revenue owed to ASL from production above a baseline profile, previously recognised in an interim…