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Electric Van Leasing Company EVCO Under Faces Insolvency Over $50 Million Debt
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.
Meta's Alleged Illegal Drug Trade Under Investigation By U.S. Prosecutors
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 Announces $313 Billion Funding for Projects to Fight Climate Change
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 to Layoff 7,500 Employees and Split off Ice Cream Division to Slash Costs, Boost Profits
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.