Michael Phoch

Michael Phoch
Americanstocknews - 20 years of experience in mass media

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Bankrupt car rental company Hertz secures $1.65 bln DIP financing

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Hertz Global Holdings, Inc. (NYSE: HTZ) today announced that it has secured commitments for debtor-in-possession (“DIP”) financing totaling $1.65 billion and has filed a motion for approval of the financing by the U.S. Bankruptcy Court for the District of Delaware. Hertz President and CEO Paul Stone said, “This new financing will provide additional financial flexibility as we continue to navigate the

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Malaysia’s debt is rising with the Coronavirus pandemic

The debt to GDP ratio is going up in Malaysia. In August the parliament of Malaysia voted for an allowance to borrow 60% of its GDP as a part of temporary measures to ease the crisis of pandemic on business. As for now, the economical situation in the country is no petter so it is

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OSCE Security Days: States need to revive the ‘spirit’ of 1990 Paris Summit in addressing today’s distrust and tensions in European security

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Ahead of the 30th anniversary of the Charter of Paris for a New Europe, opening speakers of an online OSCE Security Days event commemorating this historic document called on States to revive the spirit of the 1990 Paris Summit in overcoming today’s challenges, distrust and heightened tensions in European security. “The era of confrontation and division

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Turkey: Teacher for Syrian refugee children

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KfW has been supporting Syrian teachers to teach refugee children since 2016. At the beginning of October KfW signed a further EUR 50 million contract with the children's relief organisation UNICEF on behalf of the German Federal Government so that the project can be continued successfully even under the difficult living and teaching conditions in

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