Four million people in England and Wales are in households trapped in a negative budget, meaning that they spend more on essentials than they earn, Citizens Advice has warned.

At a time when bills for food, energy and housing are all increasing, the debt charity said that on top of the millions who are stuck in the red a further 580,000 were at risk of falling into crisis, with just £50 left at the end of the month.

Those who needed to service existing debt were falling further behind, it said, as the cost of essentials outstripped their income.

The figures are based on analysis of spending data from the Office for National Statistics and information collected by the charity from its clients.

The charity found that private renters and…

Levent Kenez/Stockholm

Turkey’s foreign aid program, long touted as a symbol of humanitarian outreach and solidarity with developing nations, is increasingly drawing scrutiny amid allegations that much of its financial assistance is shaped by corruption, political patronage and geopolitical bargaining rather than genuine development goals.

The Turkish Parliament’s Foreign Relations Committee on October 16, 2025 revealed a widening gap between the government’s official explanations for multimillion-dollar aid packages and the underlying political and military interests they appear to serve.

The committee convened to discuss recent aid deals including debt forgiveness for Kyrgyzstan and a renewed $30 million cash grant to Somalia….

“To our amazing guests, thank you for your continued patronage, your smiles, and the many conversations that turned into lasting memories. It has been an honour to serve you.”

Jared Booth and Tony Maginness of Baker Tilly Staples Rodway were appointed liquidators of All in Cuisine Limited, trading as Sidart Restaurant on October 13.

The liquidators said the company ceased trading because of cashflow difficulties.

According to their report, the company owes $967,906 to secured creditor The Epicurian Consultancy Limited, which is owned by Sid and Chand Sahrawat.

The liquidators said the General Security Agreement holders’ claims will continue to accrue interest until fully paid.

Inland…

Nearly eight months after launching its third national campaign on March 14, to collect donations to repay the debts of citizens, the Ministry of Social Affairs is preparing to conclude the initiative within the next two weeks by settling the debts of the fourth and final batch of debtors.

According to sources familiar with the campaign, over 14 million dinars have been spent so far, helping to free 2,300 citizens from financial burdens.

The Higher Committee for Debtors, chaired by Undersecretary Dr. Khaled Al-Ajmi, is currently compiling a list of citizens eligible for repayment in the final batch, whose debts range between 15,000 and 17,000 dinars, and submit it to the Sentences Execution Department at the Ministry of…

The Office of the Registrar of Companies (ORC), in collaboration with the International Finance Corporation (IFC), is working to strengthen Ghana’s corporate insolvency regime in a bid to promote business recovery, protect creditors, and enhance economic stability.

The partnership between the ORC and IFC has brought together regulators, financial institutions, and insolvency professionals to deepen understanding of the Corporate Insolvency and Restructuring Act (CIRA) and explore how it can be effectively implemented to support businesses facing financial distress.

Registrar of Companies, Maame Samma Peprah, noted that “efficient insolvency laws ensure transparency, allocate risk fairly, and help maximise value for all…

The Orissa High Court, Bench comprising Justice Chittaranjan Dash, has ruled that the proceedings under section 138 of the NI Act will sustain against the directors or signatories of the company even if the entity has been declared insolvent under the IBC, 2016.