Business
France warned Thursday it will block development of Facebook's planned Libra cryptocurrency in Europe because it threatens the "monetary sovereignty" of governments.
Sep 12, 2019
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A personal finance website founded by former University of Delaware students has agreed to pay $350,000 to settle allegations that it posted fake reviews and steered users toward companies that paid the site, according to ...
Feb 5, 2020
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Business
Airlines have been mauled by COVID-19 and the industry has cried out for help from governments to survive a crisis that could cripple a key sector of the economy.
Apr 15, 2020
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Business
French flag-carrier Air France on Monday announced that masks would be compulsory on its flights from next week as France emerges from its lockdown to combat the coronavirus outbreak.
May 4, 2020
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Business
Boeing shareholders approved a slate of 12 company-backed nominees for the board on Monday despite recommendations from two proxy advisers against five directors, including the chairman, for what the advisers called poor ...
Apr 27, 2020
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Business
Low-cost carrier Norwegian Air Shuttle said Thursday it will focus on European destinations and close its long-haul operations as it struggles with the fallout of the coronavirus pandemic and debt restructuring.
Jan 14, 2021
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Business
The Canadian government has provided Transat with up to Can$700 million (US$570 million) in loans to keep the nation's third-largest carrier flying after a precipitous drop in air travel during the coronavirus pandemic.
Apr 29, 2021
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Business
India has granted the country's beleaguered telecom giants a moratorium on spectrum payments until the end of March 2022, offering much-needed respite after the Supreme Court slapped a massive $13-billion bill on the companies.
Nov 21, 2019
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A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower.
In a loan, the borrower initially receives or borrows an amount of money, called the principal, from the lender, and is obligated to pay back or repay an equal amount of money to the lender at a later time. Typically, the money is paid back in regular installments, or partial repayments; in an annuity, each installment is the same amount.
The loan is generally provided at a cost, referred to as interest on the debt, which provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice any material object might be lent.
Acting as a provider of loans is one of the principal tasks for financial institutions. For other institutions, issuing of debt contracts such as bonds is a typical source of funding.
This text uses material from Wikipedia, licensed under CC BY-SA
