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Five auditing firms allegedly helped compile fraudulent financial statements for 40 organisations. The Special Investigation Unit (SIU) says the 40 nonprofit organisations (NPOs) and nonprofit companies (NPCs) it investigated allegedly received help from accounting firms and auditors to qualify for National Lotteries Commission (NLC) grants. The SIU, South African Police Service (Saps), Hawks and National […]
Rising global trade tensions present a risk to the euro area economy, the bloc’s central bank found in its biannual Financial Stability Review out on Wednesday. The European Central Bank also said weak growth was now a bigger threat than high inflation in the 20-nation euro zone. The latest figures recorded euro zone economic growth […]
by Xinhua writer Liu Yinglun HONG KONG, Nov. 19 (Xinhua) — Hong Kong will dazzle as an international financial center as investors worldwide renew confidence in the markets of the Chinese mainland and Hong Kong, said financial industry heavyweights at the third Global Financial Leaders’ Investment Summit on Tuesday. The continued opening-up of the financial […]
HONG KONG, Nov. 19 (Xinhua) — Hong Kong should seize opportunities to deepen financial reform and innovation, said Chinese Vice Premier He Lifeng on Tuesday in Hong Kong. Delivering a speech at the Global Financial Leaders’ Investment Summit held in Hong Kong, He said that with the strong support of the central government, effective leadership […]
Boeing will lay off more than 2,500 workers in the US states of Washington, Oregon, South Carolina and Missouri, according to federally required filings posted on Monday by a union official, as part of the debt-heavy US planemaker’s plan to cut 17,000 jobs, or 10% of its global workforce. Nearly 2,200 layoff notices went to […]
One thing I run into frequently — both working with clients and via correspondence with readers — is people who have financial goals that, to put it bluntly, are not very good. And to be clear, I just don’t mean that they’re goals I wouldn’t pick. I get excited about spending money on spring loaded […]
This 28-year-old is risking her financial future to support her unemployed mom. Is it worth going deeper into debt? In a recent Reddit post, Annie, a 28-year-old college student, shared her history of balancing financial obligations at home while working and covering the cost of her tuition. She lives with her mother, Erin, 48, and […]
Cardinal Timothy Dolan (Picture credit: Reuters) The Archdiocese of New York has announced layoffs affecting 18 administrative staff members as part of efforts to address financial difficulties, partly due to the ongoing sex abuse scandal within the Catholic Church. The job cuts represent a 4% reduction in the workforce.Cardinal Timothy Dolan, in a letter to […]
Nollywood actress, Tope Osoba, has undergone her breast cancer surgery. Osoba’s senior colleague, Foluke Daramola, in a viral Instagram post, explained that the ailing actress has undergone one surgery but needs an additional procedure to remove the remaining particles from her breast. Sharing a video of Osoba in the hospital, Daramola stated, “She needs about […]
FIRST ON FOX – A Delaware court ordered on Friday that CNN parent company Warner Bros. Discovery has to hand over detailed financial documents in support of a Plaintiff’s high-stakes defamation lawsuit or else the company must offer a “sworn declaration” that they do not exist. U.S. Navy veteran Zachary Young alleges that CNN smeared […]