Whyalla Steelworks' \$1.34 Billion Debt Crisis
Whyalla steelworks, owned by Sanjeev Gupta's GFG Alliance, entered voluntary administration with \$1.34 billion in debt, impacting 4000 workers and the town of Whyalla, prompting a \$2.4 billion government rescue package.
Whyalla Steelworks' \$1.34 Billion Debt Crisis
Whyalla steelworks, owned by Sanjeev Gupta's GFG Alliance, entered voluntary administration with \$1.34 billion in debt, impacting 4000 workers and the town of Whyalla, prompting a \$2.4 billion government rescue package.
Progress
40% Bias Score
Star Entertainment Faces Imminent Financial Collapse
Star Entertainment, an Australian casino operator, is critically short of cash, with only ten days of funds left due to a $35 million monthly burn rate, and faces potential administration due to $430 million in debt and ongoing legal costs, despite holding assets valued at $800 million.
Star Entertainment Faces Imminent Financial Collapse
Star Entertainment, an Australian casino operator, is critically short of cash, with only ten days of funds left due to a $35 million monthly burn rate, and faces potential administration due to $430 million in debt and ongoing legal costs, despite holding assets valued at $800 million.
Progress
76% Bias Score
Central Bank Policies Exacerbate Inequality and Fuel Systemic Risk
Global central banks' low-interest rate policies, while inflating asset prices, disproportionately benefited the wealthy and fueled corporate debt, creating a self-reinforcing cycle of stock buybacks and executive bonuses, without generating substantial economic growth.
Central Bank Policies Exacerbate Inequality and Fuel Systemic Risk
Global central banks' low-interest rate policies, while inflating asset prices, disproportionately benefited the wealthy and fueled corporate debt, creating a self-reinforcing cycle of stock buybacks and executive bonuses, without generating substantial economic growth.
Progress
48% Bias Score
High Court Approves £3 Billion Bailout for Thames Water
A High Court judge approved a £3 billion rescue loan for Thames Water, England's largest water company, preventing its collapse and ensuring continued service to 16 million customers, despite concerns raised about the deal's terms and lack of government oversight.
High Court Approves £3 Billion Bailout for Thames Water
A High Court judge approved a £3 billion rescue loan for Thames Water, England's largest water company, preventing its collapse and ensuring continued service to 16 million customers, despite concerns raised about the deal's terms and lack of government oversight.
Progress
44% Bias Score
Russia Faces Looming Corporate Bankruptcy Crisis
Russia faces a potential surge in corporate bankruptcies due to the Central Bank's 21% interest rate hike in October 2024, impacting various sectors, including manufacturing, transport, and retail, resulting in a potential $51 billion loss and 7.5 trillion rubles in bonds due in 2025.
Russia Faces Looming Corporate Bankruptcy Crisis
Russia faces a potential surge in corporate bankruptcies due to the Central Bank's 21% interest rate hike in October 2024, impacting various sectors, including manufacturing, transport, and retail, resulting in a potential $51 billion loss and 7.5 trillion rubles in bonds due in 2025.
Progress
36% Bias Score