Cineworld Considers US Bankruptcy Filing Amid Mounting Debt
On Monday, cinema chain Cineworld announced it is considering filing for bankruptcy — at least in the US — as it battles with mounting debt.
Browsing Tag
COVID-19
Lockdowns In China Limit Burberry’s Sales Growth To 1% in Q1
According to Burberry’s most recent figures, ongoing coronavirus restrictions in China have limited the luxury brand’s sales growth considerably in the first quarter of the year.
Fraud A Major Player In $163 Billion Leak From Pandemic Unemployment System
According to a US Department of Labor report, over $163 billion in benefits was likely leaked from the unemployment system throughout the Covid-19 pandemic, with a “significant portion” of this attributable to fraud.
Costco Margins Take Hit Amid Rising Labour And Freight Costs
On Thursday, Costco Wholesale Corp reported a decline in gross margins, hit by spiralling labour and freight costs across the US.
Major Fintech To Sack 10% Of Its Staff Amid Market Downturn
Klarna is set to fire around 10% of its global workforce as the cost of living crisis knocks the buy now pay later industry.
