Heavily indebted Thai Airways gets court nod for restructuring
A Thailand court on Monday approved the restructuring of Thai Airways, which is billions of dollars in debt and struggling to survive the coronavirus tourism crash.
Sep 14, 2020
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5
Business
A Thailand court on Monday approved the restructuring of Thai Airways, which is billions of dollars in debt and struggling to survive the coronavirus tourism crash.
Sep 14, 2020
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5
Business
Elon Musk says Twitter Inc. is "trending to breakeven" after he had to save it from "bankruptcy."
Feb 6, 2023
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4
Business
Amazon on Thursday reported better-than-expected revenue and profits for the fourth quarter, driven by strong consumer spending during the holiday shopping season.
Feb 1, 2024
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Energy & Green Tech
South Africa unveiled Wednesday new tax incentives to encourage investment in the production of clean power to help the country battle an energy crisis that has sparked worsening blackouts.
Feb 22, 2023
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4
Business
Brazil's state-owned oil giant Petrobras on Wednesday approved the sale of $2.3 billion worth of shares in its fuel distributor BR, as it seeks to privatize assets to pay down debt.
Jul 24, 2019
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Internet
Lebanon on Thursday announced a new tax on internet calls made through messaging applications, a move meant to boost the cash-strapped state's revenues but which sparked widespread user outrage.
Oct 17, 2019
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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