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Tuesday, December 24 2024
Bankruptcies, Suicides Rise as Japanese Struggle With Mounting Debt
Personal debt is overwhelming an increasing number of Japanese as higher interest rates and the rising cost of living bite, Bloomberg News reported. Consumer loans are rising at the highest rate in 16 years. Household borrowing…
Tuesday, December 24 2024
Malaysia's 1MDB Files Legal Claim Against Amicorp Group Seeking over $1 Billion for Alleged Fraud
Scandal-hit Malaysian state fund 1Malaysia Development Berhad said on Monday it has filed a legal claim of more than $1 billion against corporate services provider Amicorp Group and its CEO, alleging the firm knowingly…
Tuesday, December 24 2024
Battery Maker Northvolt Makes Progress Toward Longer-Term Bankruptcy Financing
Swedish electric-vehicle battery maker Northvolt said on Friday it expects to line up additional bankruptcy financing by late January after engaging with over 100 lenders and potential investors, Reuters reported. Northvolt…
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