On Monday, cinema chain Cineworld announced it is considering filing for bankruptcy — at least in the US — as it battles with mounting debt.
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.
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.
On Thursday, Costco Wholesale Corp reported a decline in gross margins, hit by spiralling labour and freight costs across the US.
Klarna is set to fire around 10% of its global workforce as the cost of living crisis knocks the buy now pay later industry.