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Britain's Thomas Cook scrambles for $250 million to avert collapse

Reuters India Friday, 20 September 2019
Britain's Thomas Cook needs to find an extra 200 million pounds ($251 million) to satisfy its lenders or one of the world's oldest holiday company risks collapse, potentially stranding thousands of holidaymakers across Europe.
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News video: Thomas Cook collapses after rescue talks fail

Thomas Cook collapses after rescue talks fail 00:41

Travel giant Thomas Cook has ceased trading after failing to secure a last-ditch rescue deal, leaving an estimated 150,000 Britons abroad awaiting repatriation. The company was unable to secure the extra £200 million needed to keep the business afloat following a full day of crucial talks with the...

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