Now playing Next Business WeWork forced to file for bankruptcy WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went to work around the world. 07/11/2023
Now playing Next World News China's Evergrande struggling to avoid defaulting on $340 billion debt Evergrande ran short of cash after Beijing tightened controls in 2020 on corporate debt the ruling Communist Party worries is dangerously high. Some other developers collapsed, leaving half-finished apartment blocks standing empty. 19/08/2023
Now playing Next Germany Ex-CEO of Wirecard charged with fraud by German prosecutors The financial payments company collapsed in 2020 amid allegations that much of its revenue and assets were faked. 14/03/2022
Now playing Next No Comment Demonstration in underwear for the former flight attendants of Alitalia Dozens of former flight attendants of the defunct Italian airline Alitalia removed their uniforms during a demonstration, wearing only underwear. 20/10/2021
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Now playing Next United Kingdom UK department store Debenhams collapses putting 12,000 jobs at risk The future of some 12,000 retailing jobs in Britain hangs in the balance after the failure of Debenhams, one of the country's oldest department stores. 02/12/2020
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Now playing Next USA Gibson goes looking for the lost chord as the company files for bankruptcy Declining guitar sales and a flawed diversification four years ago have dragged the legendary guitar-maker into crisis. 02/05/2018
Now playing Next United Kingdom Toys R Us goes into administration in the UK It's hoped all or part of the British unit of Toys R US, which operates more than 100 stores across the UK, will be sold. 01/03/2018
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Now playing Next Germany Founder of Germany phamarcy chain Schlecker given suspended sentence 27/11/2017
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