A perfect storm of adverse events has seen South Australian dairy company Beston Global Food Company go into voluntary administration.

Beyond the farmers who supply the milk to the company, an additional 159 workers at the company’s Jervois and Murray Bridge sites will be affected by the development.

Beston was known for its cream cheese as well as hard cheeses such as gruyere and parmesan.

It also produced lactoferrin, a high value dairy protein used in diet supplements.

Sale offer fell through

A combination of high operating costs due to power prices, dairy prices and a debt burden following the COVID-19…

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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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“Canadians have not witnessed such economic uncertainty since the pandemic,” says Grant Bazian, President of MNP. “Many feel stuck, hesitating to make big life or financial decisions as they wait for things to stabilize.”

Younger adults and lower-income households are bearing the brunt with one third of Canadians aged 18-34 saying they’ve put their lives on pause, while close to half in that group feel stressed about their financial situation.

Overall, almost one in three respondents say they’re living paycheque to paycheque, rising to 45% among those earning under $40K. However, young Canadians are the least likely to say they’re being more cautious with their money, even though…

Updated Jul 14, 2025 23:23 IST

Photo : iStock

Tata Communications Fundraising Update: Crucial board meeting this week; debt management framework – FULL agenda (Representational image)

Fund Raise In The Agenda

In its latest exchange filing on July 14, 2025, the company shared an important update on fundraise.

“Tata Communications Limited manages its balance sheet stability though a Debt Management framework. The said framework aims to balance the need for financing with the long-term goal of maintaining financial stability, cost-effective financing, and minimizing risks associated with debt,” July 14 dated exchange filing informed.

“As a part of this framework, the Company evaluates various options of raising fund to achieve the objectives…

Germany: The Leipzig-based company has applied to the district court for external administration. Although HeiterBlick was founded in 2004, it has its origins in a tram workshop opened in 1926. For three months, the company’s 250 employees will be paid by the Federal Employment Agency.

Despite the bankruptcy proceedings, the company intends to continue deliveries until 2026. It backlog of orders includes 40 Saxon trams for Leipzig, Gerlitz and Zwickau, 34 Vamos trams for Dortmund and 18 GT-F trams for Würzburg. HeiterBlick is also involved in a hydrogen tram project.

According to the company, its inability to secure sufficient liquidity is a result of to supply…

In the letter, the MPs called for an urgent meeting with Home Secretary Yvette Cooper to “discuss how the matter could be resolved”.

The findings came from independent experts at the Chartered Institute of Public Finance and Accountancy (CIPFA), the letter detailed.

CIPFA assessed the force’s efficiency and warned that “without additional support or fundamental change in funding arrangements, the force is at risk of having to issue a Section 114 notice”.

The MPs said this would “mark the first time a police force has ever been forced to do so”.

It added that this would leave “communities in Lincolnshire unpoliced and unsafe”.

The letter was signed by Dr Caroline Johnson, Sir John Hayes, Sir Edward Leigh, Victoria Atkins, Gareth Davies,…

Long considered a highlight of Calgary’s tech scene, local robotics company ATTAbotics is now restructuring as it deals with insolvency.

That restructuring includes terminating 192 of its 203 employees, keeping only 11 as it navigates the road ahead, according to documents published by insolvency trustee firm Richter Inc.

Founded in 2016 by Scott Gravelle, ATTAbotics had carved a name out for itself not only in Calgary but internationally, working with the likes of Microsoft, Accenture and the United States Department of Defense.

Neither Gravelle nor ATTAbotics responded to requests for comment ahead of publication. Several terminated employees declined interview requests.

The company’s financial troubles came as “sad news” to…