Prague City University (PCU) has declared bankruptcy, leaving hundreds of international students unable to complete their degrees and raising questions about oversight of private English-language institutions in the Czech capital.
PCU’s financial and legal turmoil
Prague City University (PCU), affiliated with Britain’s Teesside University, has shut down after months of financial and operational problems. Students, some from as far away as Sri Lanka and African nations like Uganda, had already reported difficulties contacting supervisors for bachelor’s theses as early as April, according to an investigative report by Seznam Zprávy.
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The Bankruptcy Act: Reforming Insolvency or Reinforcing Bureaucracy! Moneylife
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IE Hub has announced a new partnership with National Debtline, a provider of free debt advice. The collaboration is designed to make it simpler for people to access professional support and share their affordability information with creditors.
The new collaboration gives the customer the ability to connect directly with National Debtline from IE Hub and receive tailored professional debt advice. Their information is directly ported from the IE Hub platform into the charity’s systems, reducing the burden for the customer, giving them a better experience without the need to start all over again.
Beth Kennedy, Head of Partnerships at IE Hub, said “We’re thrilled to be working with National Debtline on this new…
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Pound falls and bond yields rise after UK borrowing soars
This morning’s UK public finances are going down badly in the City.
The pound has dropped by half a cent this morning, to $1.35. That puts sterling on track for its third daily fall in a row, as it drops back from Tuesday’s two-month high.
Government bonds are under pressure too, as traders react to the news that borrowing is £11bn higher than forecast so far this year.
The yield, or interest rate, on 10-year UK gilts (bonds) is up 4 basis points at 4.7% (up from 4.66% last night).
30-year gilt yields have also risen by 4bps, to 5.54%.
Kathleen Brooks, research director at XTB, says today’s public finance data puts the sustainability of borrowing and the size of UK state into…
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
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REVEALED: Latest business liquidations in Brisbane The Courier Mail
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ARS Energy Private Limited, the owner of a 60 MW thermal power plant in Gummidipundi, has been admitted into the Corporate Insolvency Resolution Process (CIRP). The resolution professional, Ramanathan Bhuvaneshwari, has called for expressions of interest (EoI) from potential buyers, highlighting the company’s primary asset: a significant parcel of freehold land.
According to the public invitation (Form G), the corporate debtor’s power plant has been non-operational since March 2022. The primary attraction for investors is likely the substantial real estate associated with the company. The plant itself is situated on approximately 63 acres of freehold land near Chennai. Additionally, the company owns another 15 acres…
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The European Union is inching toward issuing joint debt to help fund investments needed to improve its economy, according to Austria’s finance minister.
Common borrowing by the EU’s 27 members was among the main recommendations put forward by former Italian Prime Minister Mario Draghi a year ago to help boost the bloc’s competitiveness. But it remains a controversial topic, with nations including Germany broadly opposed.
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