“I’ll be back to normal,”: OMV program offering debt relief and hope KPLC
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South Africa sets climate finance and debt relief as G20 presidency focus Reuters
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South Africa is poised to make history as the first African nation to lead the G20, signaling a pivotal moment for both the continent and the global coalition. President Cyril Ramaphosa announced that his presidency will prioritize mobilizing finance for countries impacted by climate-induced disasters and extending debt relief to developing economies.
At the G20 presidency launch, Ramaphosa emphasized disaster resilience as a core focus, urging the international community, including financial and development institutions, to intensify efforts in post-disaster reconstruction. This comes as the G20 aims to bolster economic cooperation among leading and emerging nations.
In addition to enhancing debt sustainability, South Africa seeks…
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The well-established English language and VET provider, which has been operating since 1997, has been placed into voluntary administration by a creditor. An update on its future is anticipated later this week.
“Throughout 2024, IH Sydney Training Services has been in various discussions to bring an investor or acquirer into the company,” said Tim Eckenfels, owner and CEO, IH Sydney.
“Beginning in August, after the success of our mid-year Junior Holiday Program, IH Sydney Training Services began to be seriously impacted by the effects of Ministerial Directive 107, the AUD$1,600 student visa fee and the uncertainty of the pending ESOS legislation.
“Since then, we have been working to cut all unnecessary expenses…
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Aussies scoop up cheap gifts from sports company liquidation Central Western Daily
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Devon motor dealer closes suddenly as it faces liquidation Devon Live
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Since the pandemic, during which insolvency rates were low due to government measures, there has been a considerable rise in insolvencies in the UK and many other jurisdictions. High interest rates have significantly increased the cost of borrowing and many companies are saddled with mountains of debt that was taken out in better times and which are now difficult to repay. In addition, high inflation and energy costs, lower consumer confidence and volatile supply chains have all contributed to making the last few years very difficult for businesses.
An increase in company insolvencies throughout 2023
Insolvency specialists estimate that more than 47,000 businesses are near collapse in the UK at the start of 2024 and,…
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The Insolvency Bankruptcy Board of India has released a circular on the extension of time for filing Forms to monitor liquidation and voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016.
The board has decided to extend the last date of submission of the liquidation and voluntary liquidation forms till December 31, 2024. Further clarifying that, for ongoing liquidation and voluntary liquidation cases, the responsibility for filing all forms shall lie with the Insolvency Professionals (IP) currently handling the process.
Presently, the IPs submit the details regarding the liquidation process to the Board through emails,…
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Director of Birmingham fireworks retailer jailed after forging documents to pocket Covid loan and company funds Insider Media
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BAKU, Azerbaijan, December 3. The European Cars
LLC has announced its liquidation in Azerbaijan, Trend reports via the
‘Vergilar’ media outlet of the State Tax Service under the nation’s
Ministry of Economy.
The source notes that, in a merger with Dream Auto LLC, the
company is being liquidated.
To note, the European Cars was registered in 2012. The legal
representative of the company with a charter capital of 300 manat
($176) is Vugar Mammadov.
Stay up-to-date with more news at Trend News
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One of Australia’s most established private colleges has been placed under external administration, making it potentially the biggest institutional victim of the federal government’s international education crackdown.
International House (IH), a 27-year-old college registered to teach around 10,000 overseas students, is under voluntary administration despite avoiding enrolment caps that would have limited it to less than 1,000 vocational and higher education commencements next year.
The eight-campus college has weathered challenges which have decimated international student numbers, including Covid-19, the Asian financial crisis of the late 1990s and a major downturn 15 years ago.
However, the multi-faceted nature of this year’s…
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Mitre10 CEO says there is ‘no panic selling’ as stores go under the hammer Stuff
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