South Korea's finance ministry continues to support workers and businesses affected by Homeplus Co.'s financial difficulties and court-led rehabilitation proceedings, which were recently resumed after a major creditor agreed to provide financing.
Ruthin School, one of Wales' oldest independent schools, will close permanently due to financial pressures, devastating pupils and parents. This follows St Gerard's closure and comes amid new UK VAT rules on private school fees, which the sector blames for a "perfect storm."
Spirit Airlines has ceased operations after canceling thousands of flights this weekend, marking the end of a budget carrier that hadn't turned a profit since 2019. The airline cited a sharp rise in oil prices stemming from the US-Israeli conflict with Iran as the final blow to its struggling business. Transportation Secretary Sean Duffy blamed the Biden administration for blocking a proposed merger with JetBlue, while Senator Elizabeth Warren defended the decision, noting a Reagan-appointed judge ruled the deal illegal.
