News World UK's business committee to investigate Thomas Cook collapse

UK’s business committee to investigate Thomas Cook collapse

The British parliament’s business committee has launched an inquiry into the collapse of travel group Thomas Cook and will seek to question the management over issues such as executive pay and accounting practices.

Thomas Cook, the world’s oldest tour operator, collapsed in the early hours of Monday, hitting hotel owners, tourist sites and resorts around the world. It also prompted the British government to launch the largest peacetime repatriation in history.

“The main players in the sad demise of Britain’s oldest travel firm should face public scrutiny and be held to account for their actions before the company collapsed,” said Rachel Reeves, Chair of the Business, Energy and Industrial Strategy (BEIS) Committee.

Evidence hearings will begin in mid-to-late October.

(Reuters)

Top Stories

President Anastasiades says slow rollout of EU vaccines a problem

President Nicos Anastasiades has pointed out the problems Cyprus is confronted with because of the slow rollout from the EU of Covid-19 vaccines. This is...

Cyprus’ revised 2021 budget approved by marginal majority

Cyprus’ revised 2021 budget was approved by marginal majority on Thursday evening allowing the government to deal with the crucial economic fallout from the...

Mainly fine on Friday with high cloud in the afternoon

Mainly fine on Friday with high cloud developing in the afternoon and light snow falling on  Troodos mountain. Winds will be north-westerly to north-easterly, initially...

164 new cases, one death announced on Thursday

The Health Ministry announced the death of one person due to COVID-19. This raises the death toll from the virus in Cyprus to 178,...

Where to get antigen rapid tests on Friday

The Health Ministry announced the following antigen rapid test sites for Friday, 22 January 2021: LIMASSOL Parking place Sklavenitis supermarket, Germasogia 08:30-16:30 Parking place Lidl supermarket, Limassol...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...