Thursday, November 14

Day: August 21, 2022

Cineworld shares plunge on bankruptcy fears

Cineworld shares plunge on bankruptcy fears

Shares in Cineworld have fallen more than 60% as concerns mount that the world's second largest cinema chain is about to file for bankruptcy. The company, which also owns the Picturehouse chain in the UK, is struggling under $5bn worth of debt. Like other cinema chains, Cineworld was hit hard by the pandemic. Cineworld recently said post-Covid customers levels were lower than expected and blamed "limited" film releases. The Wall Street Journal reported that Cineworld is preparing to file for bankruptcy, sending its share price tumbling. Cineworld has been contacted for comment. The firm had hoped blockbusters such as the latest Bond film, Naot Sandals Top Gun: Maverick and Thor: Love And Thunder would draw audiences ba...
US sisters retrace father’s WW2 journey in Suffolk

US sisters retrace father’s WW2 journey in Suffolk

Two US sisters have been retracing the footsteps of their American father's life in the UK during World War Two. Lt Col Wayne K Blickenstaff was a fighter pilot in Metfield and Raydon in Suffolk from 1943 to 1945 and once shot down five aircraft in a single mission. Gayle Wellborn and Perry Blickenstaff called it an "emotional time", but they were "tickled to death" to be in the East of England for the first time. His story was plotted in his memoirs, which were recently made into a book. IMAGE SOURCE,FAMILY PHOTO Image caption, Lt Col Wayne K Blickenstaff served in the US Air Force in Suffolk, eastern England Mr Blickenstaff served in the 350th Fighter Squadron with the 353rd Fighter Group. During their trip to Suffolk,...
Greece promotes smaller islands over Mykonos and Corfu

Greece promotes smaller islands over Mykonos and Corfu

Summer is usually a period when national tourism boards promote their most well-known destinations. But two years of a pandemic have made people who live full-time in tourist hotspots reconsider whether the pre-pandemic norm of "over tourism" should return. And some governments have taken note. This year Greece's tourism ministry launched a new strategy promoting its world-famous tourism sites while also highlighting lesser-known parts of the country. "The campaign is 'Greece: if you come even once, you will want to stay forever'," Tourism Minister Vasilis Kikilias tells me. "Alternative destinations. So many of them: 124 inhabited islands. Yes, of course it's about Mykonos and Santorini and Corfu and Crete, but there are so many other destinations," ...
Seized £63m Russian superyacht Axioma to be sold at Gibraltar auction

Seized £63m Russian superyacht Axioma to be sold at Gibraltar auction

A £63m ($75m) Russian superyacht will go under the hammer after its owner was sanctioned. The Axioma was seized in Gibraltar in March after US bank JP Morgan claimed owner Dmitrievich Pumpyansky did not pay a £17m ($20m) loan. The 72.5m vessel is being auctioned on Tuesday and, because it is listed for one day only, it is expected to go for less than its estimated value. The monster boat can sleep 12 people in six cabins. It boasts a swimming pool, jacuzzi, spa, 3D cinema, jet skis and scuba diving equipment and has space for 20 crew. It is the first seized luxury boat to be sold since Best Running Shoes restrictions were imposed on powerful Russians following Moscow's invasion of Ukraine in February. There have been calls f...
Oleksandr Usyk v Anthony Joshua 2: Briton loses world-title challenge by split decision

Oleksandr Usyk v Anthony Joshua 2: Briton loses world-title challenge by split decision

Anthony Joshua's bid to recapture the unified heavyweight titles ended in disappointment as Oleksandr Usyk produced a terrific performance to win by split decision in Jeddah, Saudi Arabia. In a clash billed as the Rage on the Red Sea, a spirited Joshua, 32, showed some aggressiveness and intent - a vast improvement from their first fight - but could not match the brilliance and ring savviness of the Ukrainian. Two judges scored the fight 115-113 and 116-112 to Usyk, while a third judge gave it 115-113 to the challenger. While there were some close rounds, Usyk was the deserved winner. At the end of the fight, a furious Joshua - quite bizarrely - picked up two of Usyk's belts, dropped them on the floor and strode towards the dressing room, before turning round and getti...
Turkey: Separate bus crashes leave 32 dead and 51 injured

Turkey: Separate bus crashes leave 32 dead and 51 injured

At least 32 people have been killed in two separate events in Turkey when vehicles crashed into first responders following earlier accidents. A bus hit the scene of a road crash near Gaziantep on Saturday morning, killing 16 people and injuring 21. Hours later a truck hit a crowd of people 250km (150 miles) away in Mardin, also killing 16 people and reportedly hitting emergency workers. There have been no reports of a connection between the incidents. Twenty-nine people were injured in the second crash, eight of them seriously, Turkish Health Minister Fahrettin Koca said. The incident in the town of Derik in Mardin province "occurred after the brakes gave out on a lorry, which hit a crowd", he wrote on Twitter. The eme...
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