Norwegian Air secures bankruptcy protection in Norway
Embattled low-cost carrier Norwegian Air Shuttle said Tuesday it had secured bankruptcy protection in Norway, after recently receiving a similar shield in Ireland.
Dec 8, 2020
0
22
Business
News tagged with debt
Business
Philippine Airlines files for bankruptcy
Philippine Airlines said Saturday it was filing for bankruptcy in the United States to slash $2 billion in debt as it tries to survive an industry gutted by the coronavirus pandemic.
Sep 4, 2021
0
3
Business
Facebook's Meta takes on bond debt, in a first
Facebook-owner Meta is ending a run as one of the few major firms without debt, launching its first bond sale as the company battles uncertainty and bets heavily on its metaverse vision.
Aug 5, 2022
0
16
Automotive
Electric vehicles gain traction in Jordan as petrol prices rise
Electric vehicle sales are surging in Jordan, a trend drivers and showrooms attribute to high petrol prices more than any concerns about air pollution and climate change.
Nov 1, 2023
0
1
Business
Telecom Italia approves US fund's bid for network
Telecom Italia on Sunday approved an offer by US investment fund KKR for its fixed-line network, infuriating its main shareholder which vowed to contest the "illegal" decision.
Nov 6, 2023
0
26
Business
Airlines hit wall of debt after COVID grounding
Their fleets grounded for months owing to the coronavirus, airlines have sought with varying degrees of success state assistance to avoid going under altogether.
Jun 10, 2020
0
5
Business
App attempts to break barriers to bankruptcy for those in medical debt
An unplanned and complicated pregnancy pushed Carlazjion Constant of Smyrna, Tennessee, to the financial brink.
Jan 12, 2022
0
6
Business
Newspaper chain McClatchy files for bankruptcy protection (Update)
McClatchy, the publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers, has filed for bankruptcy protection as it struggles to pay off debt while revenue shrinks because more readers and advertisers ...
Feb 13, 2020
0
4
Energy & Green Tech
EU proposes revamped spending rules to boost growth
The EU proposed an overhaul of its fiscal rules on Wednesday, a long-awaited reform that has divided member states over how to encourage investment while bolstering scrutiny of government spending.
Apr 26, 2023
0
3
Business
Shares dive in French IT group Atos after CEO change
Shares in French IT consultancy Atos plunged on Monday after the group announced it was appointing a new chief executive to handle its debt crisis.
Jan 15, 2024
0
1
Debt
A debt is an obligation owed by one party (the debtor) to a second party, the creditor; usually this refers to assets granted by the creditor to the debtor, but the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.
A debt is created when a creditor agrees to lend a sum of assets to a debtor. Debt is usually granted with expected repayment; in modern society, in most cases, of the original sum plus interest.
In finance, debt is a means of using anticipated future purchasing power in the present before it has actually been earned. Some companies and corporations use debt as a part of their overall corporate finance strategy.
This text uses material from Wikipedia, licensed under CC BY-SA
