Articles for Pandemic Debt

Regal Cinemas parent company seeks bankruptcy protection in box office drought
2 years, 3 months ago

Regal Cinemas parent company seeks bankruptcy protection in box office drought

LA Times  

Cineworld Group, parent company of the U.S. cinema chain that includes Regal Irvine Spectrum, above, has filed for Chapter 11 bankruptcy protection. Cineworld Group, the world’s second-largest movie theater operator and parent company of Regal Cinemas, has filed for Chapter 11 bankruptcy protection from creditors amid a severe box office downturn. “This latest process is part of our ongoing efforts …

Theater Debt Hollywood Company Bankruptcy Billion Chapter 11
Can India Inc strong balance sheets nudge investments?
2 years, 6 months ago

Can India Inc strong balance sheets nudge investments?

Live Mint  

When the pandemic threw challenges early on, India Inc. turned into balance sheet repair mode, pouncing on low interest rates and surplus liquidity. “In a low interest rate regime, this capex rebound could partly be the reason for these companies to increase debt levels to finance some of the capex." The reasons could vary: for instance, the power sector saw …

India Companies Debt Interest Rates Interest Sector Verma
Why Poor Nations Now Face a Pandemic Debt Crunch
2 years, 10 months ago

Why Poor Nations Now Face a Pandemic Debt Crunch

Bloomberg  

Some of the world’s poorest countries are in deep financial trouble. Indebted governments from Latin America to Africa spent money they didn’t have to shore up rickety health systems against the coronavirus pandemic and provide a safety net for citizens. Then Russia’s war in Ukraine sent grain and fuel prices surging and central banks began raising interest rates to quell …

Ukraine Pandemic Debt
Pandemic forced Cricket West Indies to borrow money to pay staff, players, says its president
3 years, 8 months ago

Pandemic forced Cricket West Indies to borrow money to pay staff, players, says its president

India TV News  

Cricket West Indies President Ricky Skerritt, who is aiming to be re-elected after a two-year term, has revealed that the COVID-19 pandemic forced them to borrow money to pay players and staff wages but the board's debt has reduced to a third in his tenure. The CWI boss went on to say that the board had to borrow to pay …

Pandemic West Indies Pay Skerritt
How To Fix Your Credit Score If It Got Dinged During The Pandemic
4 years, 2 months ago

How To Fix Your Credit Score If It Got Dinged During The Pandemic

Huff Post  

LOADING ERROR LOADING The economic pain caused by the coronavirus pandemic keeps getting worse. “In fact, several federal and state regulators have already issued guidance to lenders encouraging financial institutions to work constructively with affected consumers, small business owners and communities.” For example, your lender may work with you to increase your available credit, set up a deferred payment plan …

History Credit Payments Debt Loan Credit Cards Payment
Chevron will buy Noble Energy for $5 billion – the biggest oil deal since the pandemic
4 years, 5 months ago

Chevron will buy Noble Energy for $5 billion – the biggest oil deal since the pandemic

CNN  

New York CNN Business — Chevron announced Monday it would acquire Noble Energy for $5 billion. It’s the biggest energy deal since the Covid-19 pandemic decimated the oil industry. Buying Noble makes perfect sense for Chevron because the two businesses compliment each other, said Andrew Dittmar, senior M&A analyst at Enverus, an information provider for the energy industry. “Given the …

Energy Oil Chevron Noble Dittmar Occidental
Letter From the Editors
4 years, 6 months ago

Letter From the Editors

The Diplomat  

Welcome to the June issue of The Diplomat Magazine! COVID-19 has sparked not only a global health crisis but a debt crunch in the developing world; political reshapings in Timor-Leste and Kazakhstan; and an environmental wake-up call in Pakistan. Much of the criticism has been focused on China, which often stands accused of ensnaring poorer partners in “debt traps.” But …

China Pakistan Kazakhstan