Small business owners face a range of financial challenges now, including inflation, higher operating costs, and potentially slowing consumer demand. These economic headwinds often force entrepreneurs to make difficult choices about which bills to pay first. And naturally, tax payments can easily fall behind.

When tax obligations go unpaid, though, the consequences extend beyond…

As Vietnam continues to face challenges in curbing illegal gambling, a Vietnamese gambler was brutally tortured and stabbed to death. The body of the 42-year-old man identified as Hoan, a native of Hanoi, was found on December 2 in a river near Bavet City in Cambodia’s Svay Rieng Province, according to a report.

The man was reportedly killed as part of a violent debt recovery scheme involving a loan shark gang operating since 2023. Investigators revealed that the gang lent money to Vietnamese gamblers, trapping them in debt and threatening them or their families with torture or death if repayments were not made.

As per VNExpress International, the Criminal Investigation Department (C02) of the Ministry of…

The Fourth International Conference on Financing for Development, or FfD4, began amid one of the darkest moments for global development in decades.

Official development assistance is expected to drop 17% in 2025 alone. Countries are in an unprecedented debt crisis, with 3.4 billion people now living in countries that spend more on servicing their debt than they do on health or education. And halfway through the week, the agency that was once the world’s largest donor — the U.S. Agency for International Development — officially became a thing of the past.

But after four days of negotiations, conversations, and…

There continues to be rumblings surrounding lingerie brand La Perla. The Bologna court has declared La Perla Manufacturing Srl insolvent, several Italian media outlets have reported. This branch of the La Perla Group is responsible for manufacturing the brand. The branch is now in receivership. So it is not (yet) about the entire company behind La Perla.

The news from Italy comes shortly after the judicial liquidation of La Perla Global Management UK began in the UK. This company owns the La Perla brand and all its global assets. As recently as mid-January, a court in Bologna called a halt to the UK company’s sale of the brand.

The Italian branch that has now been declared insolvent has about 330 employees, according to media reports….

Few words spark more anxiety in public debate than “national debt” and “government deficit.” National debt is the total amount of money the government owes, accumulated over years of running deficits. Government deficit is when the government spends more money than it collects in taxes and other revenues.

Dating back at least to the 1930s, the idea that government budgets should mimic household finances continues to dominate public discourse.

Politicians, pundits and even some economists routinely warn that deficits are inherently dangerous and must be minimized — arguing that, like households, governments must ensure their spending does not exceed their income, or else bankruptcy looms.

But what if this analogy is…

In recent years, more and more celebrities have launched beauty and wellness brands. Even ’90s supermodel Kate Moss jumped on this trend, launching her own brand, Cosmoss, in 2022. As it turns out, the venture has met with moderate success.

Gwyneth Paltrow, Kourtney Kardashian, and Miranda Kerr launched their own wellness and lifestyle brands. Stars like Hailey Bieber, Selena Gomez, and Lady Gaga have makeup lines. The concept can work. Kate Moss also launched her brand Cosmoss in 2022 with the goal of creating products with natural ingredients. On Instagram, it was stated: “Cosmoss is self-care, developed for the modern journey of life, to celebrate each day–as it is, with all its imperfections. All products are carefully crafted,…

GAC Fiat Chrysler Automobiles Company, the joint venture between the Netherlands-headquartered automaker Stellantis NV and Chinese state-owned Guangzhou Automobile Group, has been officially declared bankrupt. The company recently disclosed documents confirming that a court in China’s Hunan Province has officially declared the company bankrupt, according to local reports.

GAC Fiat Chrysler Automobiles was founded in 2010, with both partners holding 50% of the equity. The joint venture received investments of around CNY 17 billion (US$ 2.4 billion) and began producing Chrysler SUV models under the Jeep brand, including the Compass, Cherokee, and Renegade, from 2015. Local sales peaked at 220,000 units in 2017.

Sales plunged…