Luxury car maker Aston Martin has secured £550m in new loans to bolster its balance sheet and fund future product plans, following significant net losses of £493.2m last year and the announcement of 600 job cuts, primarily in the UK.
Billionaire philanthropist MacKenzie Scott has donated a record $20 million to Active Minds, a non-profit addressing the youth mental health crisis in the US. This gift, more than double the charity's annual revenue, is influenced by Scott's past financial hardships and will expand mental health programs nationwide.
British Steel's Scunthorpe plant, employing 2,700 people, has been taken into public ownership by the UK government after years of financial losses and a threat of closure by China's Jingye Group. The move aims to protect jobs and the UK's virgin steel production capability, despite China's opposition and Jingye seeking compensation.
Microsoft's Xbox division is reportedly planning mass layoffs in July, following significant financial investments and declining revenue. The Communications Workers of America (CWA) union is negotiating for employee protections, calling for transparency and dignity for developers, citing sufficient financial resources within the company.
Harshavardhan GB, 22, from Chennai, secures India's 97th Grandmaster title in chess, achieving the final GM norm at the 2nd Chola Chess GM Norm Tournament, marking a relief after a 6-year pursuit since his International Master title in 2020.
Volkswagen plans to cut 15% of its 650,000+ workforce, close four factories, and spin off the VW brand, according to Manager Magazin. This comes as the German automaker faces declining profits, US tariffs, and challenges in EV transition, sparking political and union opposition.
Indian Grandmaster Mitrabha Guha, who appeared on "Kaun Banega Crorepati" winning Rs 4.8 lakh, has now qualified for the Esports Nations Cup 2026 in Riyadh. This qualification follows his Commonwealth Chess Championship gold medal.
Xbox leaders Asha Sharma and Matt Booty admitted in a memo that the company's revenue has declined despite significant investment. They cited hardware supply issues and increased competition for consumer attention, with a Bloomberg report suggesting substantial layoffs are imminent.
Denby Pottery ceases UK production after 200 years due to reduced demand, rising employment and energy costs, despite a #SaveDenby campaign; international subsidiaries unaffected.
Mukul Choudhary, who made a memorable IPL debut for Lucknow Super Giants, is set to repay his family's bank loan with his earnings. The young cricketer's journey highlights his dedication and the financial support he received.
GoPro, struggling with declining sales and increased losses, explores a potential sale after a brief stock surge from a defense market pivot announcement. The company has hired Houlihan Lokey to evaluate strategic alternatives amidst 'several unsolicited inquiries'.
President Trump stated that American financial struggles will not influence his Iran negotiations, emphasizing that preventing Iran from obtaining a nuclear weapon is his sole priority. White House Communications Director Steven Cheung affirmed that Trump's ultimate responsibility is American safety and security, as Iran acquiring a nuclear weapon would threaten all Americans.
Candace Owens and Laura Loomer reignited their public feud on X with a series of deeply personal accusations. Loomer accused Owens of living a luxurious lifestyle while falsely claiming financial struggles, while Owens responded with harsh remarks about Loomer’s mental health and public reputation. The argument later escalated when Loomer brought Erika Kirk into the dispute, accusing Owens of targeting her and spreading lies about others online.
Prachi Kumari, a farmer's daughter from Vidisha, achieved an impressive AIR 260 in the UPSC Civil Services Examination, becoming the Hindi medium topper. Her journey, marked by financial struggles and reliance on self-study, highlights the power of determination and continuous hard work. Prachi's success serves as a significant inspiration to aspiring civil servants across the nation.
Spirit Airlines announced over the weekend it would cease operations after years of financial struggles. The ultra-low-cost carrier had sought a $500 million federal bailout from the Trump administration.
Company had struggled to increase post-pandemic demand before war in Iran pushed up jet fuel costsSign up for the Breaking News US email to get newsletter alerts in your inboxSpirit Airlines has announced that it has gone out of business after the low-cost airline ran out of cash and a rescue attempt by the Trump administration appeared to stall.The airline that once operated hundreds of daily flights on its bright yellow planes and employed about 17,000 people said that after 34 years it had “started an orderly wind-down of our operations, effective immediately”. Continue reading...
Bollywood actor Rahul Roy, known for 'Aashiqui', has responded to online trolling over his recent social media videos, clarifying he faces financial struggles and legal matters stemming from before his brain stroke. Several Bollywood celebrities including Farah Khan, Archana Puran Singh and Sonu Sood have come out in his support after he stated he is earning through hard work rather than mocking others.
Claire's has shut all 154 of its UK and Ireland stores, resulting in over 1,300 job losses. The closures, confirmed in late April 2026, are attributed to a combination of online retail pressures, rising costs, and financial losses.
Netflix doc-series 'Hulk Hogan: Real American' reveals the wrestling legend claimed he was broke after his 2009 divorce from Linda Hogan, with she received 70% of liquid assets. The four-episode series also details Hogan's near-fatal fentanyl addiction while with TNA, revealing he was taking extreme doses. Hogan died of a heart attack on July 24, 2025, in Clearwater, Florida.
Kodak CEO Jim Continenza details the company's turnaround since 2019, highlighting the resurgence of film in Hollywood, financial recovery, and a focus on long-term growth.
