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1 min read
Don’t worry travellers, your bookings at Thomas Cook India won't be affected as it is debt-free
The iconic British travel company Thomas Cook has shocked travellers around the world as it declare…
1 min read
Thomas Cook India’s business is hit by bankruptcies, political unrest and heat waves
The company’s consolidated revenues grew by 6% to ₹17 billion from ₹16 billion in the same quart…
2 mins read
The 'Warren Buffett of China' could lose $1.5 billion in Thomas Cook's bankruptcy
Thomas Cook is far from Fosun's only stake in Western companies as 52-year-old Guangchang seeks to …
Graham Rapier
3 mins read
Roughly 600,000 travelers are stranded around the world after British travel provider Thomas Cook declared bankruptcy.
Airplanes from British Airways and easyJet would be among those transporting stranded passengers ho…
David Slotnick
1 min read
Thomas Cook bankruptcy: How the iconic travel brand went from transporting anti-liquor protesters in the 1800s to collapsing and stranding 600,000 passengers in 2019
After 178 years of being the biggest British name in holiday booking, Thomas Cook has declared bank…
Taylor Borden
1 min read
Tencent joins Softbank as investor in one of India’s largest online insurance selling platform Policybazaar.com as Tiger Global sells part stake
Chinese investment giant Tencent has bought a 10% stake in one of India’s largest online insurance …
4 mins read
Rival airlines are hiking prices by as much as 400% after Thomas Cook collapsed
The newspaper also reported on a TUI airline return flight from Scotland to the Canary Islands that…
Sinéad Baker,Sinéad Baker,Sin…
2 mins read
Hedge funds could reap as much as $250 million from the collapse of British tour operator Thomas Cook
"We have worked exhaustively in the past few days to resolve the outstanding issues on an agreement…
Daniel Strauss
2 mins read
A Thomas Cook flight attendant says she only learned that the company collapsed and she lost her job on Facebook
The Guardian newspaper reported that one man whose family member worked for Thomas Cook said the ai…
Sinéad Baker,Sinéad Baker,Sin…
2 mins read
Boris Johnson says he refused £150 million bailout for Thomas Cook because it risked 'moral hazard' for other firms
"To just stand to one side, I just don't think that's wise Government," Labour's Shadow Chancellor …
Adam Bienkov
3 mins read
Hedge funds made $25 million from shorting Thomas Cook - with some convinced the stock would go to all the way to zero
"Assuming that approximately all were kept until zero - there were some decreases and increases in-…
Trista Kelley
1 min read
Thomas Cook's failure has left half a million people stranded abroad. Here are 9 of the worst company collapses in history.
Lehman Brothers' collapse helped push the global economy toward the financial crisis. Pan American …
Allana Akhtar
3 mins read
The UK expects to spend £100 million flying back stranded Thomas Cook passengers, which is only £50 million less than bailing out the company
Manuel Cortes, the leader of Transport Salaried Staffs' Association, a union for transport workers,…
Sinéad Baker,Sinéad Baker,Sin…
3 mins read
Stranded Thomas Cook customers say a single piece of paper taped to their hotel's reception is the only contact they've had from the collapsed tour operator
Joshua Speer, a Thomas Cook customer currently in the resort of Kemer in the south west of Turkey t…
Sahar Esfandiari
4 mins read
Passengers share vacation disasters from the Thomas Cook collapse, including a ruined $41,000 wedding and 'being held hostage' by angry staff at a Tunisian hotel
"Although, it's ATOL-protected I have booked three weeks' leave from work and there's no guarantee …
Sahar Esfandiari
1 min read
Air Italy will end operations and liquidate, becoming the latest airline to fail
The airline said it would continue to operate flights through February 25. Anyone with flights afte…
David Slotnick
2 mins read
10 things you need to know before the opening bell
8. Stocks are muted at the start of the week. US stocks are poised for a mixed open as S&P 500 …
Yusuf Khan
2 mins read
10 things in tech you need to know today
Have an Amazon Alexa device? Now you can hear 10 Things in Tech each morning. Just search for "Busi…
Mary Hanbury
18 mins read
Bullying allegations, $1,000 pens, and a celebrity chef: Inside the collapse of Faraday Grid, the billion-dollar energy startup backed by Adam Neumann
One investor source considered investing in Faraday Grid for a client, and saw the pitch. They expr…