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Maverick Gaming LLC, which operates casinos and hotels in Nevada, Colorado and Washington, filed for bankruptcy relief Monday in Texas with more than $100 million in liabilities and a $22.5 million…
THANE: A 27-year-old man from Santosh Nagar in Kalyan (East) allegedly died by suicide by setting himself ablaze at Kushivali village near Malanggad. The deceased, identified as Kiran Parab, was reportedly under heavy financial stress, primarily due to mounting debts from online gaming.The incident took place in the early hours of Monday. Kiran reportedly left his home around 4 am and rode his two-wheeler to a secluded area near a waterfall in Kushivali village. Around 6 am, he allegedly poured petrol from his bike onto himself and set himself on fire. Locals spotted flames in the area and immediately alerted the police.The Hill Line Police rushed to the spot and managed to douse the flames. Police officials also confirmed that Kiran…
In a critical year for the Jubilee campaign, the Fourth UN Financing for Development Conference (FfD4), held in Seville from 30 June to 3 July, intensified concerns over the concentration of decision-making power in sovereign debt governance (see ObserverSpring 2025). Civil society groups and blocs of developing countries have called for a shift away from creditor-led restructuring processes and toward a UN-led sovereign debt workout mechanism, where all countries participate on equal footing.
Yet these demands were diluted in the 17 June final outcome document, the Compromiso de Sevilla, following resistance from major creditors, including the EU and the UK. Even with its weakened language, the…
What do you get when you combine Wall Street experience, Silicon Valley tech brains, and a healthy obsession with gaming? For Eric Xu and Albert Wang, the answer is Coverd—a fintech app that lets users play games to win money that goes toward paying off their credit card debt.
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It’s a bold idea: take one of the most painful aspects of adult life—financial debt—and gamify it. But for these two founders, it’s not just a gimmick. It’s a carefully engineered attempt to rewire the way people think about money, starting with the $1.1 trillion in credit card debt currently weighing down American households.
The origin story of Coverd reads more like a case study in problem-solving than a startup fairytale. Xu, a former…
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Since March 2025, the focus of the news release on bankruptcies has been on the change compared to the previous year and on the bankruptcy rate. This is the number of declared bankruptcies per 100 thousand businesses. The bankruptcy rate provides a clearer picture of the change in the number of bankruptcies in the Netherlands. It also allows for better comparison between sectors. The number of businesses can fluctuate over time and differ greatly between sectors.
Number of bankruptcies of businesses and institutions (including sole propiertorships) adjusted for court sessions days
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8 July 2025 – For years, blended finance —utilizing public development funds to attract private investment in developing countries —has been touted as a powerful means to bridge the financing gap for achieving the Sustainable Development Goals (SDGs). However, with this gap currently standing at US$4 trillion, according to data from the United Nations Department of Economic and Social Affairs (UN DESA), blended finance is not living up to its potential.
“Blended finance can unlock private capital for sustainable development,” said UN Under-Secretary-General Li Junhua in opening remarks on Wednesday at a standing-room-only UN DESA Global Policy Dialogue on “Reimagining Blended Finance: Aligning Capital with the…
The Labor government promised to reduce all HELP debts by 20 per cent if they were re-elected. They were (in case you missed it).
Tax season is now upon us and people with student loans have likely discovered their HECS (Higher Education Contribution Scheme) or HELP (Higher Education Loan Program) debt hasn’t shrunk when they log in to the Australian Taxation Office (ATO) app or website.
It has actually increased.
Are you confused or have questions about your tax return and your HELP debt? We asked tax and finance experts for their advice.
How does the 20 per cent reduction work?
HECS-HELP (also known as HECS) is a government loan that can be used to pay for your study. (Adobe Stock)