China-owned, United Kingdom giant Thomas Cook has collapsed and compulsory liquidation could proceed soon. The company has declared for bankruptcy following failed attempt seeking $250 million from private investors. Releasing a statement the 178-year-old tour operator said, “Despite considerable efforts those discussions have not resulted in agreement between the company’s […]

Following the death of a couple under unclear circumstances in a hotel at Red Sea resort of Hurghada in Egypt tour operator Thomas Cook started evacuating all the customers. The British couple, 69-year-old John Cooper and 63-year-old Susan Cooper, from Burnley in northern England was on a holiday with other […]