The Australian Financial Security Authority reports that more people in the Australian Capital Territory are struggling with their finances, with personal bankruptcies surging almost 28 per cent and debtors increasing 19 per cent.
Other states are not fairing well either.
Office of Fair Trading in the UK, has revoked licenses of a Debt Buying agency and two debt collection companies.
OFT has found that the companies have been engaging in misleading and unfair debt collection practices.
Johnson,Morgan & White are the first B2B Debt Collection Company to accept digital currency for debt repayments
Johnson, Morgan & White becomes the first B2B debt collection company to accept digital currency for debt repayments. They will begin accepting Bitcoin digital currency for payment of debts its clients.
Though Bitcoins received negative publicity recently, many companies such as Amazon, Overstock and Virgin Atlantic accept Bitcoins as payment.
Billionaire Harry Triguboff’s Meriton development group’s disputed building industry debt has sparked a multi-million dollar extortion attempt by underworld figures.
The NSW and Victorian governments have been blamed for not taking action against such organized crime despite evidence of it.
Dubai is aiming to double the arrival of tourists by 2020, with positive indications that it is happening. Dubai’s skyline is expanding with a plethora of new hotels and most of them five star ones.
The Dubai International Airport is now the second busiest airport in the world.
A new federal government company named Al Etihad Credit Bureau (AECB) will be providing UAE based credit reports and other financial information from the first quarter of 2014. AECB is supported by the UAE government, and has approached all UAE based banks to sign agreements to obtain credit information which will be completed by the…Details