UK retailer Wilko faces insolvency; thousands feared to lose jobs

UK homeware discount retailer Wilko has collapsed into administration, a form of creditor protection that could mean a loss of 12,000 jobs, it said Thursday, as the company could not find any saviour to avert its insolvency crisis to keep its 400 stores operational. Mark Jackson, said management had “left no stone unturned” in its […]

Intel to terminate $5.4 million Tower Semiconductor acquisition as China delays review

After the firms’ contract expires later on Tuesday, Intel Corp will terminate its $5.4 billion acquisition agreement of Israeli contract chipmaker Tower Semiconductor Ltd, according to people with knowledge of the situation. Intel failed to obtain Chinese regulator approval for its acquisition of Tower in February 2022, according to sources, as required under its contract […]

Tesla launches cheap short-ranged Model X, S cars in US

Tesla has introduced two less costly, shorter-range versions of its Model S sedan and Model X SUV cars in the United States, continuing its focus on reducing costs to prioritise sales growth. The new S and X “standard range” variants, which cost $78,490 and $88,490, respectively, and are around 10% less expensive than the previous […]

Mortgage interest rates soar to highest levels in over two decades in US

Mortgage interest rates in the United States have surged to their highest levels since 2002, causing concerns for potential homebuyers. The average interest rate on a 30-year fixed-rate home loan has risen to 7.09% this week, a stark contrast to the rates of the past few years. This significant increase has been attributed to the […]

How can you discover perfect and easiest side hustle for your online success?

Are you longing to boost your income without leaving your home? Look no further – Cody Berman, a 27-year-old side hustle expert, has cracked the code to making nearly $700,000 last year through various ventures, all from the comfort of his abode. You’re probably wondering how you could follow in Berman’s footsteps and unlock the […]