British city of Nottingham files for bankruptcy

People and companies go bankrupt every so often—but in the U.K., cities are going bankrupt, too. Nottingham, home to 323,700 residents, well-known universities and fictional character Robin Hood, effectively declared itself bankrupt on Wednesday as its council is set to to overspend by £23 million ($29 million) in the 2023-24 financial year.  This means a…

Rex has entered voluntary administration. What happens next to the embattled regional airline? | Transport

There is uncertainty about the future of Rex – Australia’s third-largest airline – after it entered voluntary administration and grounded all of its flights between capital cities. The Albanese government held crisis talks with Rex on Tuesday and appeared willing to step in to save parts of the airline’s operations. While Rex jet services between…