Evergrande Has Defaulted On Its Debt
Evergrande, the embattled Chinese property developer, has defaulted on its debt, according to Fitch Ratings. From a report: The credit ratings agency on Thursday downgraded the company and its subsidiaries to "restricted default," meaning that the fi.....»»
5.25-inch floppy disks expected to help run San Francisco trains until 2030
"We have a technical debt that stretches back many decades." Enlarge (credit: Getty) The San Francisco Municipal Transportation Agency (SFMTA), which runs the city's Muni Metro light rail, claims to be the first US agen.....»»
If you have money anxiety, knowing your financial attachment style can help
The number of people struggling with money in Britain is at a record high. Financial charities say that people are contacting them for help with debt, paying bills and insolvency. The campaign group Debt Justice found in a survey that 29% of 18- to 2.....»»
Corporations use government grants to lighten debt load
Local and state governments have a variety of tools at their disposal to attract businesses or entice them to stay. One is tax relief. Austin, for example, helped lure electric automaker Tesla in part with property tax rebates worth $14 million over.....»»
NIST’s NVD has encountered a problem
Whether the cause is insurmountable technical debt, lack of funds, a third reason or all of them, NIST’s National Vulnerability Database (NVD) is struggling, and it’s affecting vulnerability management efforts. What happened? Anyone who r.....»»
Suppliers may get high debt under control in 2024
Suppliers, after years of racking up debt amid uneven production schedules and increasing costs, should be in a better position this year to get debt under control, though significant uncertainty remains......»»
36% of code generated by GitHub CoPilot contains security flaws
Security debt, defined as flaws that remain unfixed for longer than a year, exists in 42% of applications and 71% of organizations, according to Veracode. Worryingly, 46% of organizations have persistent, high-severity flaws that constitute ‘critic.....»»
Drowning in "digital debt"? AI assistants can help—but we must use them carefully
In recent days, the "right to disconnect" has entered Australia's legislative agenda. It refers to employees' rights to refuse unreasonable after-hours contact from their employer......»»
State laws governing debt collection lawsuits vary widely and most still offer little protection to consumers
While most states have laws that specifically govern debt collection lawsuits, the laws vary widely and few offer protections for consumers, according to new data released today by the Center for Public Health Law Research at Temple University Beasle.....»»
Stealing Apple trade secrets can get you 120 days in prison and a boatload of debt
A former Apple engineer who pled guilty to stealing trade secrets related to Apple Car has finally been sentenced to 120 days in prison, three years probation, and $146,984 in restitution.Apple's Project Titan could lead to an Apple CarXiaolang Zhang.....»»
Instagram stops letting random accounts send messages to teenagers
Meta restricting teens’ DMs could defeat the point of social media for teens. Enlarge (credit: Dmytro Betsenko | Moment) Some teens will now have their Facebook and Instagram accounts defaulted to a setting that blocks.....»»
Researcher: Debt, wage theft and coercion drive the global garment industry—the only answer is collective action
Major fashion brands including Barbour and PVH (the owner of Calvin Klein and Tommy Hilfiger) have agreed to pay over £400,000 in compensation to migrant workers in Mauritius. These workers from Bangladesh, India, China and Madagascar had been force.....»»
Instagram stops letting random adults send messages to teenagers
Meta restricting teens’ DMs could defeat the point of social media for teens. Enlarge (credit: Dmytro Betsenko | Moment) Some teens will now have their Facebook and Instagram accounts defaulted to a setting that blocks.....»»
Declining primate numbers are threatening Brazil"s Atlantic forest
We tend to think of debt as purely financial, but we can also reap what we sow in the natural world through what is known as extinction debt. This concept refers to changes in the past that affect a species' survival in the future......»»
Debt-laden Warner Bros. Discovery and Paramount consider merger
WBD could have 2nd most streaming subscribers if reported meeting leads to deal. Enlarge / Media firms are looking for allies to help them take the coveted media throne. (credit: Warner Bros. Discovery) The CEOs of Warne.....»»
Government and nonprofit workers are getting billions in student loan debt canceled through a public service program
The Public Service Loan Forgiveness program, which the George W. Bush administration created in 2007 to encourage people to work for the government and nonprofits, has grown significantly during Joe Biden's presidency. The Conversation asked economis.....»»
Truelink Capital buys auto marketing firm Ansira
The global marketing company's sale to Truelink Capital is designed, in part, to reduce debt and avoid liquidation, the company said......»»
New research reveals high levels of consumer debt among majority of UK households
A new survey, analyzed by the University of Bristol and commissioned by abrdn Financial Fairness Trust, shows nearly two-thirds (65%) of households, amounting to 18.4 million, have consumer debt and more than 4 in 10 households (44% or 12.5 million).....»»
A new map points at the impacts of rare earth elements
A map created by the Debt Observatory in Globalization in collaboration with the EJAtlas of Institute of Environmental Science and Technology of the Universitat Autònoma de Barcelona (ICTA-UAB), the Institute for Policy Studies and CRAAD-OI Madagasc.....»»
Climate change hits indebted businesses hardest, new research suggests
Climate change poses the biggest risks to the most vulnerable people, and the same is true for businesses: Highly leveraged companies—those that have accumulated too much debt—are uniquely susceptible to climate shocks. That's what we found in a.....»»
Many divorcees end up with nothing or only debt after divorce, says new study
Contrary to the impression given by divorces covered in the media, most do not entail couples sharing vast amounts of wealth and spending huge sums on legal proceedings......»»