Thomas Cook packs bag, files for bankruptcy

British travel group Thomas Cook on Monday declared bankruptcy after failing to reach a last-ditch rescue deal, triggering the UK’s biggest repatriation since World War II to bring back stranded passengers. The 178-year-old operator had been desperately seeking $250 million from private investors to save it from collapse. Continue Reading

German Chancellor Merkel to host May ahead of crucial Brexit talks

German Chancellor Angela Merkel will host Theresa May for talks Tuesday, on the eve of a crucial EU summit when the British premier is hoping to convince the bloc to grant her a new Brexit extension to 30 June. Continue Reading