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  • Billionaire-owned logistics giant ACFS collapses into administration | External administrator app…

    Billionaire-owned logistics giant ACFS collapses into administration | External administrator app…

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    Billionaire-owned logistics giant ACFS collapses into administration

    ACFS Port Logistics, the container logistics empire run by the billionaire Tzaneros family, has fallen into administration despite promises to repay a string of creditors including the Australian Taxation Office.

    ACFS, which moves stock from ports around the country for companies including Coles and Wesfarmers’ Bunnings and Kmart chains, was put into administration by ScotPac, a specialist business lender, on Thursday.

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    External administrator appointed for ACFS Port Logistics

    The development follows a number of applications to wind up the business including by the Australian Taxation Office (ATO).

    Speaking to Daily Cargo News, managing director Arthur Tzaneros said they were “still looking at paying the ATO in full”, albeit they were seeking clarification on what was required to have the administrator removed.

    An ASIC notice confirming ACFS Port Logistics is in external administration. Image: ASIC

    “We have got the funds to pay the ATO, so we then have to go back to the funder and say… ‘what is your position’?

    “It is frustrating because we have the funds and the approvals to replace the current funder, but the current funder wasn’t willing to wait.”

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  • Mamdani’s First City-Owned Grocery Store Is Planned for the South Bronx | NYC mayor faces backl…

    Mamdani’s First City-Owned Grocery Store Is Planned for the South Bronx | NYC mayor faces backl…

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    NYC mayor faces backlash over city-owned grocery stores plan

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    New York City Mayor Mamdani moves forward with plans to open city-owned grocery stores, drawing criticism from local business owners as grocers argue they can't compete with tax-exempt, publicly funded stores.

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    Zohran Mamdani just announced NYC's 1st city-owned grocery store. Could the idea help reverse rising food prices across the U.S.?

    New York City Mayor Zohran Mamdani announced this week that the Big Apple’s first city-owned grocery store will open in the South Bronx sometime next year, delivering on a central promise of his dark-horse 2025 campaign — and pitching the project, which aims to put one public, nonprofit supermarket in each borough by the end of his first term, as “physical proof of our conviction that government can be a force for good.”

    "We are going to use the power of government to lower prices and make it easier for New Yorkers to put food on the table," Mamdani, a 34-year-old Democrat and democratic socialist, said on Monday. "When government understands its purpose as serving the very working people that it has left behind, time and again, it can make a difference in the most pressing struggles facing our city today.”

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  • Belgium’s state-owned railway shines light on Holocaust role | RIZIN loans ex-champion Naoki Inou…

    Belgium’s state-owned railway shines light on Holocaust role | RIZIN loans ex-champion Naoki Inou…

    Explore the latest developments concerning Belgium's state-owned railway.

    Belgium's state-owned railway shines light on Holocaust role

    A Holocaust survivor and the son of a Nazi collaborator have shared their experiences at Brussels' Train World museum. Talking to students, they warned of the dangers of forgetting history.

    In a hall at Brussels' Train World museum, two elderly men stood side by side — one a Holocaust survivor, the other the son of a Nazi collaborator.

    The event earlier this week was part of an exhibition exploring the role of Belgian railways during World War II. Organized by the German Embassy in connection with the museum, it was attended by more than 180 students.

    Simon Gronowski, a 94-year-old lawyer, recalled vividly what happened one morning in March 1943, in Antwerp, Belgium.

    RIZIN loans ex-champion Naoki Inoue for PFL Brussels fight with Marcirley Alves

    PFL’s upcoming May 23 show in Brussels, Belgium, will feature former RIZIN bantamweight champion Naoki Inoue taking on 2025 PFL tournament winner Marcirley Alves, the company announced Friday.

    RIZIN confirmed to MMA Fighting that Inoue will be fighting under the PFL banner as part of a fighter-loan deal between promotions, but remains under contract with the Japan-based organization.

    In a 2025 interview with MMA Fighting, Inoue said “there are a lot of tough guys in the PFL” and he would love the opportunity to test himself against them one day. On May 23, he gets that chance.

    Inoue (20-5) will be competing for the first time since losing his RIZIN bantamweight title to Danny Sabatello via split decision in December, snapping a four-fight winning streak. Inoue won 10 of 13 bouts in RIZIN since a short 1-1 run in the UFC in 2017-18.

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    PFL/RIZIN Crossover Sees Naoki Inoue Face Marcirley Alves

    Japan’s RIZIN Fighting Federation and the Professional Fighters League are picking up where RIZIN and Bellator MMA left off.

    On Friday, promotion officials on both sides announced a crossover fight, one that sees former RIZIN bantamweight champ Naoki Inoue (20-5) take on PFL World Tournament winner Marcirley Alves (15-4).

    The high-profile 135lb match-up takes place at PFL Brussels at the ING Arena in Brussels, Belgium on May 23, 2026. It marks the first time the promotions have collaborated, though the PFL did absorb Bellator, which hosted several crossover events with the Japanese organization.

    Inoue, who has also fought in the UFC, had won four straight and defended his RIZIN bantamweight belt twice before running into Danny Sabatello in his last outing. He lost a split decision against the American, ending his title reign roughly a year and a half after it kicked off.

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  • EB Games Is Recalling Pre-Owned Xbox/PlayStation Consoles Due To A Testing Issue | Valve’s Next-G…

    EB Games Is Recalling Pre-Owned Xbox/PlayStation Consoles Due To A Testing Issue | Valve’s Next-G…

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    EB Games Is Recalling Pre-Owned Xbox/PlayStation Consoles Due To A Testing Issue

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    EB Games has confirmed a voluntary recall on pre-owned PlayStation and Xbox consoles purchased between September 1st, 2024 and October 30th, 2025.

    This is due to an issue with its test and tag process which means some consoles may have not completed the required electrical testing before sale. This includes pre-owned PlayStation consoles including the PS2, PS3, PS4, PS5, Xbox One, Xbox One S, Xbox One X and Xbox Series X|S consoles.

    EB Games is advising any customers who meet the criteria to do the following:

    Valve just built the Xbox that Microsoft is dreaming of

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    The Steam Machine challenges Xbox in the living room with the power of PC gaming.

    The Steam Machine challenges Xbox in the living room with the power of PC gaming.

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