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Rite Aid Files for Bankruptcy as the Firm Resorts to Closing Some of Its Stores
On Sunday, Rite Aid, an American drugstore, filed for bankruptcy as the firm plans to close some of its stores across the United States as it suffers a decline in sales and opioid lawsuits.In recent y...
Chinese Developer Evergrande Initiates Bankruptcy Proceedings in the US
China's Evergrande Group, renowned for being the world's most heavily indebted property developer, has taken a significant step to rectify its financial troubles. The company has opted for bankruptcy ...
Can First Republic bank survive?
First republic bank share has sold off by a lot in the past days since the bank run news broke out. Just like SVB, the Silicon Valley bank that is facing bankruptcy due to a bank run, FRC is also stru...
Global economic downturn claims Pakistan’s top startup Airlift
In a statement, Airlift, the second-largest startup in Pakistan, announced its closing and cited the global financial crisis and the weakening of the capital markets as reasons. In Pakistan, wher...
How this crypto hedge fund fell from hero to zero, dragging investors along with it
One of the world's most well-known cryptocurrency hedge funds, Three Arrows Capital managed has shocked many investors and speculators after filing for bankruptcy. It had around $10 bill...