Like many Americans, most countries are in a lot of debt.
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Developing countries, alone, carry nearly $31 trillion worth of debt. Enough debt to give everyone in the world a check for $3,750. Or to pay for Jeff Bezos to throw a $50 million wedding in Venice every weekend for the next 11,900 years. Or, at least in theory, to solve world hunger with trillions to spare.
But instead, many countries across Africa, Asia, and Latin America are saddled with so much debt that today more than 3 billion people — over one-third of humankind — live in nations that spend more on interest payments than they do on health care or education. This is nothing new. But it’s gotten far worse in recent years as part of a vicious cycle that will be all too…
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Borosil Renewables’ German SPV Geosphere Files for Insolvency; Parent Sees No Fresh Hit TipRanks
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Up to 1,700 jobs have been axed two days before Christmas as a Melbourne-based company that provides security, cleaning and maintenance staff to the public sector and major retailers enters administration.
MA Services listed Coles, Kmart, Aldi, Amazon, Dan Murphy’s and several AFL clubs among its clients along with a number of local councils.
It also works with the Victorian government, including by providing security at Melbourne’s Southern Cross Station and Federation Square.
According to administrators, the company operates in every Australian state and territory.
The company was placed in voluntary administration on Tuesday, with Jason Tracy and Glen Kanevsky of Alvarez & Marsal appointed to oversee the process.
In a statement, the…
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News – Scandalous Security Trial In Limbo Wyndham TV
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Companies undergoing insolvency proceedings may soon be allowed to receive multiple resolution plans for different assets or business units.
A Lok Sabha Select Committee, examining the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, last week recommended explicitly permitting such an approach, departing from the current system that allows only a single, consolidated resolution.
The objective is to enable the sale of individual assets or business verticals of companies with diversified operations, instead of forcing a single, consolidated resolution, as per a statement issued by the committee on 17 December, available on the Lok Sabha website.
The panel said this could help maximise value realisation and attract a wider pool of…
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Bryce Cunningham never set out to be a farmer. During childhood visits to his grandparents’ dairy farm in East Ayrshire, where they’d lived and worked since 1948, he always enjoyed a glass of milk straight from the cow. But he had “no interest whatsoever” in taking on the farm one day. So instead of following in his grandfather’s (and father’s) footsteps, he became a technician for Mercedes-Benz, spent 10 “very enjoyable” years with the company, and fully expected to remain there – until a family emergency changed the course of his life.
His father, grandfather and grandmother – the three partners in the family dairy business – all became very ill. When Cunningham returned home to help out, “I fell in love with…
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“Glimmer of hope” for businesses says R3 although insolvency levels remain “stubbornly high” Insider Media Ltd
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Key Highlights from the Report
- Company Status: Boldtek Holdings Limited remains under compulsory liquidation.
- Material Developments: The liquidators have reported no material developments regarding the affairs of the Company for this period.
- Trading Status: Shares have been halted since 12 January 2023 and subsequently suspended since 16 January 2023. This was previously announced on 14 January 2023.
- Ongoing Updates: Periodic announcements will continue to be made as required under SGX Catalist Listing Rules, should any material developments arise.
Important Information for Shareholders and Investors
- No Change in Liquidation Status: There has been no progress or new development in the Company’s liquidation…
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The Country’s Biggest Magnesium Producer Went Bankrupt. Who’s Going to Clean Up the $100M Mess? The Good Men Project
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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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