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The council originally faced a £53m funding gap over the next three years, but officials have now identified savings of £46m, and £2.5m still needs to be found by February for the 2025-26 financial year.
Mr Bell continued: “Like many other councils, we still face having to make tough savings decisions which will affect the…
Popeye’s. TGI Fridays. Roti. Buca di Beppo. And of course Red Lobster. These are just a few of more than a dozen high-profile restaurant chains that have declared bankruptcy in 2024.
On one level, what we’re seeing is some restaurants buckle under the intense pressures the past two years have brought. There were the shortages, inflation, and rising labor costs.
“We had weird fingerling potato shortages, there were issues with limes tripling in costs,” said Kelly Bush, co-owner of the Union Tavern and Marshall Street Bar and Grill in Rochester, New York. “People’s patterns and behaviors have changed.”
Restaurant foot traffic has declined in the U.S. by 3%-3.5%, “which is huge,” said…
“I am not going to be too hard on my former management,” he wrote on Instagram. “They spread themselves too thin trying to support their people, and stuffed up the numbers.”
Not all of Ivanoff’s clients were so forgiving. Greg Larsen signed on with the company just a month ago: “Since Junkyard went insolvent, a lot of artists have been talking to each other, and realising that he owed more of his artists money than we thought.
“The artists haven’t been paid, and crew and other staff haven’t been paid.”
The timing is especially poor for comedians: Fringe World in Perth, which traditionally marks the start of the festival touring season, is just two months away.
The Junkyard artists are now scrambling to find new…
Nepal’s Prime Minister K.P. Sharma Oli’s visit to China has set the stage for a renewed infrastructure cooperation push under the Belt and Road Initiative, a move seen as pivotal for Nepal’s economic goals but fraught with government coalition tensions over debt fears and risk of political fallout with its traditional ally, India.
During his four-day trip to Beijing, Oli met with Chinese President Xi Jinping, signed a framework deal under China’s Belt and Road Initiative, and secured 300 million yuan (US$41 million) in financial assistance.
China and Nepal initially signed a belt and road deal in 2017, but no projects have been planned or implemented since. Analysts say the new agreement will reinvigorate projects, which could…
With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
By Sydney Price ( December 4, 2024, 8:31 PM EST) — The Consumer Financial Protection Bureau informed a California federal court that a purported debt relief services company and its owner have agreed to cease operations and pay civil penalties for allegedly charging customers illegal upfront fees….
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With Donald Trump’s re-election campaign achieving victory on Nov. 6, questions for the outgoing administration come up. Student debt relief was a major aim for Joe Biden’s campaign, being both a rallying point and controversial move. According to the Federal Student Aid Office; individuals making less than $125,000 are eligible for up to $20,000 in debt relief. This was in an effort to take the burden of college debt off of low income families. According to the Congressional Research Service, one in six US adults has student debt which greatly affects the average person’s financial stability.
As this program is being run under the U.S. Department of Education. The Trump Administration’s plans for the…
