When states take on debt, it’s usually for large infrastructure projects that may benefit multiple generations — for example, replacing bridges, building hospitals, or expanding highways and transit systems.

“Unlike the federal government, states generally limit the use of debt to support capital projects, not operating expenditures,” says Kathryn Vesey White, director of budget process studies at the National Association of State Budget Officers and co-author of a recent paper on federal and state fiscal processes.

News reporters are often assigned to cover big capital projects, and that includes understanding the debt that funds those projects. While…

Burlingame, CA, Sept. 04, 2025 (GLOBE NEWSWIRE) — Corporate Recovery Service Market to Hit USD 149.2 Million by 2025 Amid Growing Corporate Insolvencies

The Global Corporate Recovery Service Market is estimated to be valued at US$ 149.2 Mn in 2025 and is expected to reach US$ 228.8 Mn by 2032, exhibiting a compound annual growth rate (CAGR) of 6.3% from 2025 to 2032. The corporate recovery service market is projected to experience positive growth during the forecast period. This growth is driven by an increase in insolvency cases among large enterprises and the availability of cost-effective recovery service solutions. Furthermore, changes in bankruptcy laws that favor creditors are expected to boost the demand for these…

Councils technically cannot go bankrupt like a company or individual, but the authority’s chief financial officer can issue a section 114 notice, which stops all but essential spending.

The council is hoping to avoid that by taking urgent steps to take control of its expenditure.

Heather Kidd, the leader of the authority, said: “As a council, we must all move quickly to challenge every pound and stop all non-essential spend.

“If we do this, I’m confident that we can balance our budget by the end of this financial year.”

In April, the local authority revealed that 74% of its entire budget was spent on social care, driven by a rise in the number of children in care and a much older population than England as a whole.

The councillor…

The Edinburgh based company, founded in 2019 by the late Gary Loake, focused on developing natural plant-based wellness ingredients through biotechnology, a process which involved collecting plant samples, cleaning and cultivating stem cells and scaling production in bioreactors to extract beneficial compounds.

However, following an unfortunate series of events, Green Bioactives was unable to raise the minimum funds needed to attain pre-awarded grants after an investment fell through.

“It’s a brutal time for anyone trying to raise money, especially if you’re in the development phase,” Meaney said. “There just doesn’t seem to be money out there, particularly from venture capitalists.”

He added that several other companies…

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NEW DELHI: The Supreme Court on Thursday mulled setting up a committee to oversee the bidding process and appointment of a co-developer for the construction of stalled residential apartments, offices, retail space besides a luxury hotel by Supertech Realtors.

Supertech Realtors is a subsidiary of beleaguered realty major Supertech, which is facing insolvency proceedings along with some other group companies.

Supertech Realtors is developing the Supernova project at a cost of Rs 2,326.14 crore on a land measuring 70,002 square metre at Sector 94 in Noida.

The building under the project is believed to comprise 80 floors, being the…