UK value retailer Wilko Ltd is considering entering into a so-called company voluntary arrangement to renegotiate rents with landlords and potentially close sites as it seeks to cut costs, according to people familiar with the matter.
Allen & Overy and Shearman & Sterling are planning to merge to create one of the world’s largest legal firms with $3.4 billion in revenue.
The Philippines will likely experience a “weak to moderate” El Niño later this year through early-2024 that’s not expected to fan food inflation, its finance chief said.
Mongolia has agreed to supply critical metals to France that it needs as part of its shift to a less carbon-intensive economy, Emmanuel Macron said on Sunday during the first ever visit to Ulaanbaatar by a serving French president.
House Speaker Kevin McCarthy said he expects to speak with President Joe Biden shortly on negotiations to avert a catastrophic US debt default even as he signaled that talks remain at an impasse.
New York City Mayor Eric Adams said the federal government should coordinate spreading migrants around the country, potentially easing the burden on the most populous US city.
Treasury Secretary Janet Yellen said the US is unlikely to reach mid-June and still be able to pay its bills, underscoring the urgency of the White House reaching a deal with Republicans to raise the debt limit.
President Joe Biden was physically present at the Group of Seven summit in Japan but his focus was often 7,000 miles away on Washington, where talks to avert a catastrophic US default hit an impasse.
An eruption of memecoins and nonfungible tokens on the Bitcoin blockchain has reshaped the revenue profile of miners and stirred questions about how lasting the upheaval will prove to be.
Ukrainian President Volodymyr Zelenskiy suggested his country was losing control of Bakhmut after months of fierce fighting but downplayed Russian claims it now fully occupied the eastern city.
