While carrying high amounts of debt is rarely ideal, this issue isn’t always the result of reckless spending. For many Americans, it’s caused by the fallout of rising living costs, medical emergencies, job loss or simply trying (and failing) to keep up with the payments on high-rate credit cards. After all, as those balances grow and the compound interest piles up, what once felt manageable can quickly spiral…

The Cricket Australia chief executive, Todd Greenberg, has warned some nations will go “bankrupt” if they continue to play the longest format of the game, stressing he sees a future with fewer Test nations.

Admitting he has become a “little unpopular” since taking over from Nick Hockley in March, the former Australian Cricketers’ Association boss believes “scarcity in Test cricket is our friend, not our foe”.

“I don’t think everyone in world cricket needs to aspire to play Test cricket, and that might be OK,” Greenberg said on Wednesday with 100 days to go before the Ashes. A lot of traditionalists might not like that.

“I’m not suggesting I know the number that will play, but literally we’re trying to send…

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Timestamp: 2025-08-13T20:06:47.717952463+00:00

The Board of Directors of NAXS AB (publ) (“NAXS” or the “Company”) announces its recommendation to amend the Company’s investment mandate to allow for an orderly liquidation process of its existing portfolio of assets.

The NAXS share has traded at a persistent discount to net asset value over a long period of time. In addition, the Company has maintained a significant portion of its net asset value in cash in order to capitalize on major market dislocations, but these opportunities have not appeared, and the Company has not fully deployed this cash. The board has now concluded that shareholders are best served by realizing value through the divestment of portfolio assets, rather than pursuing new capital commitments. Since the…

NEW DELHI: The number of days taken for finalisation of the insolvency resolution plan has dropped from 752 days at the end of the March quarter to 694 days at the end of June, but remains significantly higher than the prescribed 180 days, which can be extended by another 90.According to the latest numbers released by the Insolvency and Bankruptcy Board of India, 78% of the resolution plans have been ongoing for more than 270 days, indicating the extent of delay in the process that was meant to ensure strict timelines so that creditors can realise maximum value from the assets. But, litigation in multiple forums as well as limited capacity in the National Company Law Tribunal have resulted in enormous…

Todd Greenberg, CEO of Cricket Australia, has raised concerns that Test cricket may become financially unfeasible for certain nations. He has called for a focus on fewer, more prominent matches to preserve the format’s value. Greenberg believes that making Test cricket more exclusive will help maintain its prestige in the modern era.

Test cricket has been facing increasing challenges, particularly with the rise of T20 leagues and global tournaments, leaving many boards struggling. While matches between top teams remain competitive and entertaining, some of the cricket boards often lack the resources to support the demands of the five-day format.

“Not every country in world cricket needs to be committed to playing Test…

High-rate credit card debt has become a crushing reality for millions of Americans, who added a collective $27 billion to their credit card balances in the second quarter of 2025. The total amount of credit card debt is now sitting at a record-high of $1.21 trillion nationwide, while the average credit card rate is closing in on 22%. As a result, what may have once been manageable debt…