Movie chain operator Cineworld files for U.S. bankruptcy

Britain’s Cineworld Group (CINE.L) on Wednesday filed for bankruptcy protection in the United States as the world’s second-largest cinema chain operator struggles to rein in its massive debt. The Chapter 11 filing, which allows firms to stay in business while trying to restructure their debt, involves Cineworld’s U.S., UK and Jersey operations, covering the bulk […]

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It’s raining yen

A look at the day ahead in Asian markets from Jamie McGeever Just as the yen’s eye-popping plunge against the dollar grabs the world’s financial market spotlight, investors will get a closer look on Thursday into the underlying state of the Japanese economy. Revised second quarter GDP data, and trade and current account figures for […]

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Apple picks Globalstar for emergency satellite service on iPhone 14

Apple Inc (AAPL.O) on Wednesday selected Globalstar Inc (GSAT.A) as its partner for a feature that would allow iPhone 14 users to send emergency messages from remote locations. The tech giant said it was dedicating $450 million from its advanced manufacturing fund toward satellite infrastructure to support the feature. GlobalStar will receive the majority of […]

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