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BrusselsUrsula von der Leyen continues to pressure member states to allocate Russian funds that They are frozen within the European Union to help Ukraine. Months ago, the President of the European Commission put this initiative on the table, with which she intends to continue sending aid to Kyiv and, at the same time, save Europeans money. However, some member states are reluctant due to the legal doubts it raises, especially Belgium, where the frozen funds are located. Faced with this opposition, however, the EU leader warned this Thursday in a speech to the European Parliament that the alternative could be to issue more common debt, an option that is very unpopular with many European…
New Delhi, Nov 13 (PTI) Manipal Education and Medical Group India (MEMG India), led by Ranjan Pai, has submitted an Expression of Interest (EOI) to participate in the ongoing Corporate Insolvency Resolution Process (CIRP) of Think & Learn, the parent company of embattled edtech firm Byju’s. As per the EOI, MEMG has requested access to the information memorandum, virtual data room, evaluation matrix, and other information in order to assess the feasibility of preparing and submitting a resolution plan. According to documents filed with the Resolution Professional (RP), MEMG India has sought to be included in the list of Prospective Resolution Applicants (PRAs) and expressed its intent to examine the company’s financial…
It’s the little expenses that add up, like buying new clothes, shoes, pots and pans or paying for Uber rides.
For the 13,000 households without a home in the aftermath of the Palisades and Eaton fires of Jan. 7, small, consumer expenses can’t measure up to the cost of rebuilding or ridding homes of ash and smoke. But these are very real costs that act as speed bumps slowing the drive to recovery.
That’s where Wescom Financial, a credit union serving 250,000 people in Southern California, comes in. Through its foundation, the Pasadena-based entity has partnered with ForgiveCo to erase $10 million in consumer debt for fire victims hit hardest.
Darren Williams, president and CEO of Wescom Financial, speaks at a grand opening of a…
STAFFORD, Texas, Nov. 13, 2025 (GLOBE NEWSWIRE) — A new analysis from nonprofit Money Management International (MMI) reveals that younger Americans seeking financial counseling have experienced the sharpest surge in unsecured debt since 2020, more than doubling over five years. During the same timeframe, MMI recorded a shocking five-fold increase in counseling volume among the youngest borrowers, signaling a disproportionate surge in financial stress.
The findings suggest that Generation Z and young millennials are being squeezed by high costs, rising borrowing rates, and limited access to affordable credit, while increasingly turning to online counseling for help.
“Many younger adults are entering the workforce under…
Sonder Holdings Inc., a short-term rental company once considered a rival to Airbnb, announced this week it plans to file for Chapter 7 bankruptcy protection. Employees at Sonder properties, including those in Austin, were immediately let go and customers were reportedly locked out of their rooms following the abrupt announcement.
The move came a day after Marriott International terminated its licensing agreement with the chain, which had been in place since August 2024.
The San Francisco-based company said it suffered “severe financial constraints” due to problems integrating its technology and booking systems with Marriott International.
In addition to its Austin site, Sonder held other properties in Dallas, Houston and San Antonio,…
Eliminating the U.S. government’s debt is a Herculean task that could take decades. In addition to obvious steps, such as hiking taxes and slashing spending, the government could take a number of other approaches, some of them unorthodox and even controversial. Below are some of these options.
Key Takeaways
There are a number of methods to reduce the U.S. national debt that go beyond raising taxes and cutting discretionary spending.
One of the most controversial is to open the nation’s borders to more immigration, kick-starting entrepreneurship and consumption.
Raising the Social Security retirement age is a frequently suggested option.
A national sales tax, such as seen in Canada and Japan, could also help.
Dr Ranjan Pai-led Manipal Education and Medical Group India (MEMG India) has submitted a formal Expression of Interest (EOI) to participate in the Corporate Insolvency Resolution Process (CIRP) of troubled edtech company Byju’s parent Think & Learn, the company informed the exchanges on 13 November.
As per the documents filed with the Resolution Professional (aka RP), Manipal/s EOI declares its interest in being included in Think & Learn‘s Prospective Resolution Applicants (PRAs) list to “examine the company’s financial and operational details for the purpose of evaluating a potential resolution plan”.
Notably, this is the second time that MEMG has submitted an EOI after the time for RP extended the deadline for the process to 13th…
The agenda: partial debt relief on budget loans for regions, support measures for industrial enterprises, budget allocations for expanding road infrastructure, support for the subsidised interregional flight programme, and a review of the results of the Best Municipal Practice competition.
