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England faces third drought in five years
Reports indicate that Bolt, a company specializing in bike delivery services in the United States, will cease its operations entirely in the country by February 29, 2026, after incurring losses of approximately $84 million from 2022 to 2025. The company's decision to shut down is attributed to a 7% decline in demand last year, financial challenges faced, as it neared total losses amounting to nearly 78% of its investments, rising operating costs, and increasing competition in the delivery market. Currently, the company is working to quickly liquidate its assets to minimize losses, plans to significantly reduce its workforce before closing its doors, and is still in the process of executing its plan to wind down its activities in the U.S. market.
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