Australia's corporate regulator, ASIC, has launched a criminal investigation into the failed Queensland luxury caravan company Zone RV. The probe focuses on allegations that former director David Biggar illegally paid dividends to shareholders while the company was insolvent, potentially facing up to 15 years in prison and significant fines.
Rugby league coaches Billy Slater and Laurie Daley have defended referee Ashley Klein after his gambling history was revealed. Klein confirmed he lost $400,000 on horses and greyhounds seven years ago but stated it did not influence his job.
Millions of US student loan borrowers face significant changes to repayment plans starting July 1. The Biden-era Save plan is ending due to a court ruling, replaced by stricter, less forgiving options under policies influenced by the Trump administration. New plans like RAP and the tiered standard plan offer different structures for borrowers.
Russian newspapers highlight a US-Iran deal to end Middle East conflict, Europe's alleged attempts to derail Ukraine peace talks, declining oil prices, rising global fertilizer demand, and the impact of US national debt on global monetary policy.
Nvidia, the world's most valuable company, priced a $25 billion bond offering, its first since 2021. Strong investor demand allowed the chipmaker to enlarge the deal and secure favorable borrowing costs amid steady credit markets.
UK ministers have raised concerns about a £10 billion rescue package for Thames Water, potentially pushing the company towards government control. The proposed creditor-led deal faces scrutiny over customer burden and environmental protections.
Albury City Council is considering a 40-42% rate increase over two to three years to tackle an $18 million debt. Councillors are seeking community feedback on the proposal, which could be one of the largest special rate variations in NSW, while residents express concerns about affordability.
Nvidia plans to raise at least $20 billion in debt, its first bond sale since the AI boom began. The chipmaker's filing with the SEC disclosed the capital raise, with sources suggesting the amount could reach $25 billion. This move follows similar large debt and equity offerings from other tech giants like Alphabet and Amazon.
Nvidia plans to raise at least $20 billion in debt, potentially up to $25 billion, in its first bond sale since the AI boom began, to fund general corporate purposes, debt refinancing, and an aggressive capital return program.
Chipmaker Nvidia is set to sell $25 billion in investment-grade debt, its first bond sale in five years, to test investor appetite for the AI sector. The offering, upsized from $20 billion due to strong demand, will feature maturities from two to 30 years.
Short-sellers are targeting Japan's yen, risking a repeat of the 1997 Asian financial crisis. Japan's weak fundamentals, high debt, and declining competitiveness make its currency vulnerable, despite large forex reserves. A potential inflation-devaluation spiral could profit speculators.
Hudco plans to raise $1 billion in foreign debt using the Reserve Bank of India's concessional forex swap facility. This move aims to support the company's lending and business growth for the current financial year.
As Donald Trump turns 80, a collection of public figures offer a mix of sarcastic thanks, sharp criticism, and reflections on his resilience and impact on global politics, finance, and American society.
Ukraine has paid $2.84 billion to creditors and received $6.03 billion in aid since Jan 1, 2026. The IMF is the largest recipient of Ukraine's loan repayments, totaling $1.07 billion. Ukraine's total debt stands at $208.97 billion.
Pacific Islander women working in Australia on temporary visas face significant risks during pregnancy, including lack of medical care, debt, and fear of deportation. Many are "disengaged" from labor schemes, leaving them without legal status or access to essential services like Medicare, forcing them to work in precarious conditions.
Pacific Islander women working in Australia on temporary visas face significant challenges during pregnancy, including lack of access to healthcare, debt, secrecy, and fear of deportation. Many are forced to work while ill, delay medical care, and give birth in legal limbo.
Pacific Islander women working in Australia on temporary visas face significant risks during pregnancy, including lack of medical care, debt, and fear of deportation. Many are 'disengaged' from labor schemes, leaving them without legal status or access to essential services like Medicare, forcing them to work in precarious conditions.
Chris Farrell, 65, was paid carer's allowance for six months after his husband died, accumulating over £1,300 in debt. Despite reporting the change, the DWP failed to stop payments, causing him distress. The DWP has now written off the overpayment, but other similar cases highlight systemic flaws.
Egypt has fully settled its outstanding debts to foreign public companies in the oil and natural gas sector, totaling approximately $6.1 billion as of June 30, 2024. Prime Minister Mostafa Madbouly announced the final payment was made on June 10, marking a significant achievement for the Egyptian economy and investor confidence.
Elyse Burns, 28, paid off over $75,000 in law school debt within a year of graduating by growing her art business, Elyse Breanne Design. She started selling art in 2015 and by 2020, her business was making six figures. Burns leveraged TikTok to boost her business and chose to focus on it over a legal career, ultimately paying off her loans without taking the bar exam.
David Hockney, a working-class artist from Bradford, revolutionized art through his synthesis of diverse influences, innovative use of perspective, and embrace of new technologies like photography and the iPad. His monumental landscapes, iconic Los Angeles depictions, and humanizing portraits cemented his status as a pioneering and influential figure.
Eleri Williams, an 18-year-old from Aberdare, has earned over £35,000 selling vintage football shirts, enabling her to open a shop in Cardiff and aim to graduate university debt-free. She started the online business during her GCSEs and now plans to fund her law degree at Cardiff University.
Ukraine's total public debt has surged from $97.96 billion to $208.97 billion since the start of 2022, a more than doubling driven by a near threefold increase in external liabilities to $162.73 billion. This places an estimated $7,500 debt burden on each of Ukraine's 28 million citizens, with repayment potentially taking 35 years.
Elon Musk has become the world's first trillionaire, largely due to the market debut of SpaceX. This unprecedented wealth accumulation highlights a growing wealth gap, with many struggling financially while the richest see their fortunes accelerate.
