China to send delegation for USA talks to avert trade war
United Kingdom jobless rate falls to lowest since 1975 but pay growth weakens
Corona beer parent company bets big on marijuana
Turkey hikes tariffs on imports of several U.S. products
Turkey's president threatens boycott of iPhones, other U.S. electronics
Based Poundworld crashes into administration more than 5,000 jobs at risk
11 June 2018, 08:29 | Joann Bryant
GETTYPoundland is set to enter administration
Buyout talks have failed, leaving the discount chain no choice but to hand over to administrators - putting 5,100 jobs at risk.
The budget retailer was in talks with private equity firm R Capital over the weekend, but is now calling in administrators at Deloitte after talks broke down.
It is understood that Poundworld's owner, TPG Capital, rejected previous offers to buy the business out of a pre-pack administration.
It is the latest blow for Britain's struggling high street, which has seen a string of retailers and restaurants shrink or collapse altogether in the face of rising costs and a squeeze on consumer spending.
Clare Boardman, joint administrator of Poundworld, said that the chain had been affected by the "challenging" retail environment.
There remains some optimism that a proportion of the chain's 5,300 staff will avoid losing their jobs if buyers can be found for parts of Poundworld's business during the administration process.
The company will continue to trade at The Hardshaw Centre and St Helens Retail Park and Bargain Buys on King Street while a buyer for all or part of the business is found.
What Is The Correct Tracklist for 'Kids See Ghosts'?
As Pitchfork notes in a post of observations about the original stream, the album's final song prominently samples Kurt Cobain . The delays even went as far as the actual album release, which ended up being pushed back hours. " Kanye truly is a genius".
King of Clay: Rafael Nadal wins record 11th French Open title
The score may have looked rather routine but there was some drama in the third set when Nadal called for the trainer at 2-1, 30-0. Nadal wept after being handed the trophy by Australian legend Ken Rosewall - who won the inaugural French Open in 1968.
A look at Rafael Nadal's French Open dominance
The Spaniard's reign on the clay of Roland Garros has been unprecedented and has been one of the surest things in tennis history. Nadal needed five match points in a tense final game, eventually completing the job when Thiem fired a backhand long.
Trump told Macron EU worse than China on trade
The EU trade surplus with the U.S.is $151 Billion, and Canada keeps our farmers and others out. "And that ends", Trump said. Lindsey Graham (R-S.C.) said Sunday on ABC's "This Week", "I'm not so sure John's right about where America is on trade".