The insolvency status makes the Electric van leasing company, or EVCo, unable to pay its over $50 million debts, which were worsened by the arrest of its former executives in late 2023.
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JD Sports Faces Backlash Over 'Irresponsible' Motorcycle Ad Featuring Rider Wearing Nike Air Max 95s
JD Sports faces backlash over an "irresponsible" ad featuring bikers wearing Nike Air Max 95s, sparking safety concerns and criticism from motorcycle groups.
Jeff Bezos' Ex-Wife, MacKenzie Scott's Donations to Non-profit Organizations Amounted to $640 Million
MacKenzie Scott's donations of $640 million went to 360 non-profit organizations, surpassing her initial plan, with recipients carefully selected to uplift "marginalized communities."
Tesco Loses Legal Battle Against Lidl Over Clubcard Prices Logo, Court Orders Halt on Usage
Tesco was ordered to stop using the Clubcard Prices logo by the Court of Appeal due to a legal clash with Lidl over copyright infringement and unfair competition.
HM Revenue & Customs Close Tax HelplineTo Urge UK Taxpayers Into 'Online Self-Service'
HM Revenue & Customs will close the tax helpline from April 8 to September 30, directing taxpayers to online services instead. This move aims to address long wait times, but critics fear it could lead to errors.
Latest News
U.S. prosecutors in Virginia are investigating Meta over alleged illegal drug trade involvement, with subpoenas targeting records related to drug activities on Meta's platforms.
South Korea has committed to providing 420 trillion won ($313.4 billion) in policy loans to finance projects that will help the country meet its climate goals.
Unilever revealed Tuesday its plan to cut 7,500 jobs and split up its ice cream unit, which handles popular brands such as Magnum and Ben & Jerry's, to reduce costs and boost profits.
Networking giant Cisco has announced the $28 billion acquisition of digital infrastructure firm Splunk.
China's real estate giant Evergrande and its founder, Hui Ka Yan, are accused of inflating revenues by $78 billion over two years before the company defaulted on its debt.
Hunter Biden business associate Eric Schwerin has revealed to congressional investigators that he communicated with then-Vice President Joe Biden through a private email labeled with a "Robinware456" alias.
Elon Musk has admitted to meeting former President Donald Trump in Florida earlier this month. Elon Musk has admitted to meeting Donald Trump in Florida on March 3 but said it was not planned and that the former president did not ask him to contribute to his campaign.
Former President Donald Trump lost a bid to block testimony from Michael Cohen and Stormy Daniels in his upcoming hush money trial.
A researcher employed by ByteDance, the Chinese parent company of TikTok, was mistakenly added to a group chat for American AI safety experts.
