The revelation comes in the latest report on domestic airline competition from the Australian Competition and Consumer Commission (ACCC) which found some relief for Aussie travellers in the first six months of 2024.
Aussies saw a drop in airfares, reduced cancellation rates and better on-time performances, however the withdrawal of Rex from the Sydney-Melbourne-Brisbane ‘golden triangle’ could mean an airfare hike is on the horizon for many travellers.
“Consumers may miss out on the benefits of a more competitive domestic airline market if Rex is unable to re-commence its services between metropolitan cities,” the watchdog said.
While Rex only accounted for five per cent of domestic passengers in June this year, the airline’s…
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Ippei Mizuhara, the Japanese-language interpreter who formerly worked closely with Los Angeles Angels and Dodgers star Shohei Ohtani and is accused of stealing $16m to cover gambling debt, appeared in federal court on Friday (12 April) and was released on $25,000 bond.
According to a tweet from The Athletic’s Sam Blum, Mizuhara was shackled entering court.
The interpreter is being charged with federal bank fraud, which carries a penalty of up to 30 years in prison. His arraignment in the illegal wagering case is scheduled for 9 May.
Late on Thursday (11 April) Mizuhara turned himself into federal authorities, according to the US Attorney’s office. According to an affidavit filed on Thursday, Mizuhara stole from Ohtani to pay off…
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A 16-year-old boy, who allegedly strangled a nine-year-old girl to death at her house and then tried to set her body ablaze in a gruesome crime in Gurugram on Monday, confessed that he planned to steal jewellery from the victim’s house in order to pay off debts he incurred in online gambling, but committed the murder in the “spur of the moment” after the victim caught him stealing and raised an alarm, police said on Tuesday.
The accused told investigators that he lost ₹20,000 in online gambling…
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Fears grow over fate of more councils after Birmingham files for insolvency
Local governments in the United Kingdom went into panic mode on Wednesday after Birmingham City Council effectively declared itself bankrupt. Authorities warned that more councils across the UK could declare themselves in financial dire straits.
Birmingham City Council, one of Europe’s largest, declared itself effectively bankrupt on Tuesday. The council, which looks after services in the city, made the move after saying it could no longer fund its 3.2 billion pound ($4 billion) annual budget.
With a population of about 1.15 million people, Birmingham is the second-largest city…
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Swedish corporate group Fragbite Group has declared bankruptcy for Alara Prime developer Fall Damage.
While a publishing for the game is still being determined, the process has created “an unsustainable financial situation” for its creator. The apparently “not temporary” bankruptcy was further determined by an inability to pay off debts by their due date.
Impact-wise, the bankruptcy is said to be valued at SEK 39.0 million (or $3.63 million) for Fragbite. Both it and subsidiaries under its umbrella are said to “continue operations without interruption.”
Fall Damage was formed in 2017 by DICE alums Markus Nyström, Dan Vaderlind, Mikael Kalms, Anders Gyllenberg. Fragbite acquired the studio last year as it was working toward completing its…
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The authority raised its council tax by 8% in February, following a 10% hike in 2023.
Commissioners said despite the rises, a high collection rate of 98% remained.
“Clearly continuing to sustain both savings plans and income raising strategies are a cornerstone to future sustainability,” they added.
The council was effectively declared bankrupt in 2022 after it borrowed £1.5bn to invest in green energy companies.
It was taken over by Labour during the local elections in May after the party won 27 seats.
Speaking at the time, leader John Kent said debt levels remained at more than £400m.
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Monster truck show in liquidation after terrifying crash Courier Mail
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NSW construction companies plunge into liquidation MSN
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Four building and development companies believed to be linked together have collapsed, with 25 projects now up in the air.
The NSW companies – Adroit Constructions Pty Ltd, Maximus Builders Pty Ltd, Maxim Builders Pty Ltd and Maxus Builders Pty Ltd – all fell into liquidation on Tuesday.
Bruce Gleeson of Jones Partners has been called in as liquidator and told news.com.au that 25 projects across the four companies have now been halted.
More to come
…
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Local brewery to liquidate Bay 93.9
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A string of construction companies linked together have collapsed, months after the building regulator forced one of the businesses to stop work over safety concerns.
On Tuesday, four building and development companies from NSW went into liquidation – Adroit Constructions Pty Ltd, Maximus Builders Pty Ltd, Maxim Builders Pty Ltd and Maxus Builders Pty Ltd.
The companies appear connected, with all of them registered to an address in Sydney’s Ryde, which is the same address of the sole director across all four businesses.
Bruce Gleeson of Jones Partners, a high profile insolvency expert who is currently overseeing the case of infamous Sydney fraudster Melissa Caddick, has taken over as the liquidator of these four businesses.
Mr…
