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The U.S. Department of Education has limited who can get student debt relief under the Public Service Loan Forgiveness Program, with the Trump administration saying they will not cancel loans for people involved with employees that provide support for undocumented immigrants or gender affirming care for minors. Several groups say they are planning to challenge this in court.

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Last week, an FBI investigation into gambling led to the arrest of several prominent basketball stars, raising questions about the state of legalized sports betting, which has enriched professional sports and sports media.

The problems with sports gambling extend far beyond the integrity of the game. A 2024 working paper from economists at UCLA, Harvard, and USC found that states that legalized sports gambling after the 2018 ruling by the U.S. Supreme Court saw “a substantial increase in average bankruptcy rates, debt sent to collections, use of debt consolidation loans, and auto loan delinquencies. We also find that financial institutions respond to the reduced creditworthiness of consumers by restricting access to credit.” A…

UK citizens on benefits may have their energy debt cancelled, should they pay what they can in the meantime. But there’s a catch: everyone else in the country will pay for the relief through higher energy bills. That’s despite the UK energy sector, including corporate suppliers and the privatised network, making half a trillion pounds in profit since 2020.

The energy debt

The energy debt totals £4.4bn, reflecting the difficulties faced by low income people amid grotesque levels of inequality in the UK. According to an Oxfam report from 2023, the richest 1% hold more wealth than 70% of the entire country.

Under the Ofgem plan, £500m could be removed from the energy debt. The total debt rose by £750m from 2024-2025,…

Key Highlights and Financial Impact of PPR Ryde Liquidation

ST Group Food Industries Holdings Limited (“ST Group” or “the Company”) has announced a significant corporate development that could impact the Group’s future financial performance and potentially influence its share price.

Summary of Announcement

• Creditors’ Voluntary Liquidation: The Board has resolved to place PPR Ryde (NSW) Pty Ltd (“PPR Ryde”), an indirect Australian subsidiary operating under the “PappaRich” brand, into creditors’ voluntary liquidation. Louisa Sijabat has been nominated as the…