Household debt climbs to 86.7% of GDP, exposing deeper economic fragility
More striking, however, was the rise in debt outside the core banking system. Debt held through savings cooperatives…
McCain plant closure at Hastings follows $17m loss and soaring related-party loans
“McCain is currently consulting with all employees whose roles would be affected by the planned closure.” Financial performance…
Government announces $50 million in loans to expand EV charging stations
Bishop said the average loan per charge point is $20,000. “But once repayments are factored in, the net…
Bangladesh seeks loan for energy imports | Bangladesh seeks USD 2 billion loans by June to fund fuel imports
Bangladesh is seeking about $2 billion in loans from multilateral lenders by June in a bid to finance…
Westpac lifts mortgage rates across one- to five-year home loans
Interest rates are going up because wholesale rates had “increased significantly in recent weeks”, a Westpac leader says.…
NZ First and Act shoot down Inland Revenue proposal to tax company loans to shareholders
However, NZ First opposes the idea and Act has reservations. Speaking to the Herald, NZ First deputy leader…
The Global Economy Is Well Oiled | Insights
In all the talk we have seen lately about an allegedly weak global economy, there is a common…
Deutsche Bank Warns Software Debt Faces AI Threat
A downturn in the software and technology sectors could have an impact that rivals that of the energy…
Türkiye expands buyer credit program to boost exporters
Türkiye’s export credit agency is expanding the scope of its buyer credit program, adding foreign trade instruments and…
‘It’s madness’: David Hockney blasts plans to loan Bayeux Tapestry to UK – The Art Newspaper
The British artist David Hockney says bringing the Bayeux Tapestry to London for an exhibition at the British…
Vermeer’s ‘Girl with a Pearl Earring’ will head to Japan this summer in rare loan – The Art Newspaper
In a surprise move, the Mauristhuis, yesterday announced that it will lend its most famous work to the…
Inland Revenue proposes changing tax treatment of loans companies issue to shareholders
Companies involved in property would likely be most affected. The change would only apply to companies owned by…