Popular Australian craft beer company Hawkers entered voluntary administration in early 2024, but its founder has insisted “it’s business as usual” for the team.

The independent brewing company, based in Reservoir in Melbourne, announced in February it had appointed administrators.

Hawkers founder and managing director, Mazen Hajjar, said the decision was made due to an increase in distribution costs and restrictions on market access.

“Post-Covid has been a challenging period with bigger players increasingly restricting access to taps and shelf space, combined with broader economic pressures, including increased input costs and taxes,” he said.

Founded in 2014, Hawkers went on to become one of the largest manufacturers and…

Whether you owe a lot or a little, paying off your credit card debt is always a good idea. Before and after you make a big purchase, whether you’re using it to pay for bills and groceries, or even if you only use it for the points. Make sure that slate is clean as often as you can. And if you can’t do that, you may consider using your credit less, if you can. 

Roughly 60% of Americans are living paycheck to paycheck, according to a Pymnts.com report. And as inflation continues on, credit card customers continue to struggle to make their minimum payments, leading to damaged credit scores and the increased interest that consumers will need to pay. 

The average credit card balance for Americans is $5,910, according to CNET sister…

The Bulgarian Ministry of Finance has projected a significant increase in the state debt over the period from 2025 to 2028, estimating a rise of about 1.7 times. According to the Draft Strategy for State Debt Management for this period, the ratio of state debt to GDP is expected to grow steadily, reaching 27.7% by the end of 2025, 29.3% by the end of 2026, 31.0% in 2027, and 32.8% by 2028.

The government plans to assume new debt to the tune of 16.9 billion BGN in 2025, 9.4 billion BGN in 2026, 10.4 billion BGN in 2027, and 10.9 billion BGN in 2028. This will cover both the refinancing of outstanding debt, which is estimated at 3.7 billion BGN in 2025, and the financing of the state budget deficits. The Ministry of Finance…

Decade-high business insolvency figures may not speak for themselves, says NSW Small Business Commissioner Chris Lamont, who fears that ample data on SME hardships may go unconsidered by policymakers.

Speaking at the Council of Small Business Organisations Australia (COSBOA) annual summit on Wednesday, Lamont said better regulation is equally as important to small businesses’ performance as extra financial incentives.

The problem, Lamont said, is that reams of data outlining the struggles of small business may not easily translate to pro-small business policies.

“I would insist upon a better evidence base,” Lamont said.

The “highest level of insolvencies [since 2015] should influence policy decisions, but my fear is that’s…

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Subsequently, when the matter was taken up on December 11, the ED filed an affidavit before the top court, stating that in view of the peculiar facts and circumstances of the case and without prejudice to the rights and contentions of the ED with regard to the investigation of the case registered against the promoters of Bhushan Power, JSW be permitted to take control of the attached properties.

The Court took into account the said submission and proceeded to direct the following:

“The Appellant-ED is directed to handover and the Respondent successful Resolution Applicant JSW is directed to take over the control of the properties of Corporate Debtor-Bhushan Power and Steel Ltd., provisionally attached vide the order dated 10.10.2019…

NEW DELHI: The Directorate of Enforcement (ED) handed over Bhushan Power and Steel Ltd (BPSL’s) assets worth Rs 4,025 crore to JSW, which successfully bid for BPSL under the insolvency resolution process. The restitution of the assets to JSW is result of a Supreme Court order on 11th December 2024.

The enforcement directorate had attached the properties of Bhushan Power and Steel Ltd after it found the company and its promoters diverted bank funds to private investments in the form of shares and properties. ED investigation also revealed that the books of accounts were fudged to show fake expenses/purchases/capital assets and thereby bank funds were taken out in the form of cash.

The diversion of funds resulted in financial distress of…