Momento Pro, the multi-award winning, pioneering, Sydney-based photobook printing company, has gone into voluntary liquidation, some 20 years after it was founded.

Established in 2004, Momento was the first personalised photobook company in Australia and New Zealand, with the company highly regarded for its photobooks and publishing expertise. It had two arms – Momento and Momento Pro.

Its loss is a significant blow to the local industry. Printing arm Momento Pro won dozens of awards in Australia, and dozens more around the world, including at the US Bennys. It used HP Indigo and Epson wide format to print, with its binding winning…

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Debt settlement is a form of debt relief that reduces the actual amount of debt you owe. Debt settlement should be carefully considered as you can easily fall for debt settlement scams, and reputable debt settlement services do not come cheap. 

While you can negotiate your own debt settlement, a debt settlement company can take the guesswork out of the process. Business…

20-year-old online book retailer, Booktopia, which went public on the ASX in 2020, is on the brink of collapse.

Booktopia has entered voluntary administration after the cash-strapped online book retailer failed to secure funding to improve its liquidity.

In a statement to the Australian Securities Exchange (ASX), McGrathNicol Restructuring said it had been appointed as the voluntary administrator of Booktopia Group and its subsidiaries, and would urgently undertake assessment of the company’s business while options for its sale or recapitalisation…

UPDATE: MGM Resorts International has sent over the following statement to BuzzFeed: “We’re proud of our relationship with Bruno Mars, one of the world’s most thrilling and dynamic performers. From his shows at Dolby Live at Park MGM to the new Pinky Ring lounge at Bellagio, Bruno’s brand of entertainment attracts visitors from around the globe. MGM and Bruno’s partnership is longstanding and rooted in mutual respect. Any speculation otherwise is completely false; he has no debt with MGM. Together, we are excited to continue creating unforgettable experiences for our guests.”

Mar. 18, 2024, at 19:49 PM

Even before New York’s Attorney General suggested seizing 40 Wall Street to pay the ex-president’s $457 million in legal fines, the property was facing serious financial problems.

_{By Zach Everson, Forbes Staff}

Donald Trump is facing a cash crunch. He admitted in a court filing on Monday that he does not have enough cash and cannot secure a bond to cover the more than $457 million he owes to New York state after being found liable in a civil fraud case. And his team has reportedly not ruled out declaring bankruptcy via certain entities.

If any of Trump’s companies were to declare bankruptcy, it seems most likely that it would be one tied to 40 Wall Street, his troubled skyscraper in downtown Manhattan. The building looks…

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Although Eritrea has a self-proclaimed policy of self-reliance the country remains heavily in debt. According to the World Bank, Eritrea’s debt to GDP in 2023 was estimated at 219% although the figure has since marginally dropped to 211% in 2024. This is significantly above Africa’s average of 63.5%. Eritrea largely owes this debt to domestic banks due to sanctions limiting its access to foreign financial markets.  

By this account, Eritrea has one of the highest debt to GDP ratios in sub-Saharan Africa and globally and is in debt distress according to the World Bank and IMF. In 2022, the country spent 33.4% of the national budget on debt servicing. Heavy debt repayment has undermined budgeting on social services such as…

Renewed plans to build one of the world’s largest prawn farms on a remote Northern Territory cattle station look to have been derailed by a Federal Court ruling.

Seafarms, the embattled parent company of the ambitious $2 billion Project Sea Dragon, appeared in Federal Court amidst a payment dispute with Canstruct, the contractor that managed works on the prawn grow-out facility at Legune station, north of Kununurra.

Project Sea Dragon entered voluntary administration in…

Many remain stranded following the voluntary liquidation of Air Vanuatu, including over a dozen Australian student volunteers on Tanna Island and a number of Ni-Vanuatu seasonal workers in Australia.

Accounting firm Ernst & Young took control of Air Vanuatu and initially said flights after Sunday were “under review” but there has been no update since.

The head of Vanuatu’s Business Resilience Council has called the situation a national embarrassment and said Air Vanuatu should be left to die.

Glen Craig, chair of the Business Resilience Council, blamed poor management and said only a few people in business and tourism circles wanted to see the airline return.

American singer-songwriter Bruno Mars, known for his music versatility and stage performances, has grabbed the headlines for owing a massive debt to MGM. He has won multiple Grammy Awards throughout his career, in addition to several other honors in the field of music. But his vast debt will put a significant dent in his glorious fortune.

He was born Peter Gene Hernandez and then took up Bruno Mars professionally. Bruno was born and raised in Honolulu, Hawaii. He gained recognition in his childhood as an Elvis impersonator. The music artist moved to LA after high school to pursue his music dreams. Scroll below for more.

After moving to Los Angeles, he…

The Kuwaiti businessman behind a troubled £2.5bn Kent theme park meant to rival Disneyland has been declared bankrupt.

Abdulla Al-Humaidi, who was a key backer of the proposed London Resort development scheme, was confirmed to be insolvent at a High Court hearing last month.

It is the latest twist relating to the “Dartford Disneyland” scheme, which Mr Al-Humaidi previously ran as a director of London Resort Company Holdings.

London Resort, situated near the Thames in Ebbsfleet, was formed 12 years ago to rival the world’s biggest theme parks. However, it has been plagued by setbacks, including the discovery of a rare spider that hampered development efforts.

Earlier this year, it emerged that