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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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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Yesterday, President Donald J. Trump declared that a major disaster exists in the State of Louisiana and ordered Federal aid to supplement State, tribal, and local recovery efforts in the areas affected by Hurricane Delta from October 6 to October 10, 2020.
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The Gap Fund aims to back the climate-smart development that will also help cities chart a sustainable recovery from the COVID-19 pandemic
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The COVID-19 pandemic continues to devastate countries, overwhelming health systems, disrupting productivity, threatening food security, multiplying job losses, and reducing incomes, particularly for the poorest.
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The platform economy brings benefits but also risks. Read about the issues the EU wants to solve with new rules and the solutions proposed by MEPs.
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Plans for a new bypass for Arundel on the A27 in West Sussex have been announced by Highways England today (Thursday 15 October).
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BMW is once again underlining its leading role in digitalisation with the new Remote Software Upgrade. With the biggest and most extensive upgrade in the premium manufacturer’s history so far, more than 750,000 vehicles worldwide will receive the latest version of BMW Operating System 7 (version 07/20). It is also the largest over-the-air update ever
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