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SEOUL, Oct 19 (Bloomberg): A South Korean fund established to prevent major companies from going bankrupt during the Covid-19 pandemic is selling its first bonds, as struggling carriers seek support.
New Delhi, Oct 18, 2020 (AFP): Creditors on Saturday night (Oct 17) backed a surprise plan by a consortium to revive Jet Airways 18 months after India's biggest private airline went bankrupt with $1.2 billion in debt.
PARIS (Reuters) - The streets and terraces of Paris and eight cities in France emptied on Saturday night as people were asked to stay home to stem a second wave of the coronavirus that caused a record daily number of infections in the country.
KUCHING: Sarawak businessman Tan Sri Ting Pek Khiing (pic), who was known for his involvement in the Bakun Dam and other mega projects, has passed away.
BARCELONA (Reuters) - Banging pots and pans, some 1,000 hospitality workers rallied in Barcelona's Old City on Friday to protest against a 15-day shutdown of bars and restaurants ordered by the Catalan regional government to contain a surge in COVID-19 infections in Spain.
ROME, Oct. 12 (Xinhua) -- ITA, the new airline set to emerge from the near-collapse of Italy's flag carrier Alitalia, is still undecided about whether to operate direct flights to China, Alitalia Chief Executive Officer (CEO) Fabio Lazzerini has said.
BANGKOK, Oct 12 (The Nation/ANN) - The present Covid-19 crisis was worse than the Tom Yam Kung crisis of 1997, the Bangkok Commercial Asset Management (BAM) has said, adding that non-performing loans (NPL) was of concern for Thailand’s economic system.
(Reuters) - The fallout from the COVID-19 pandemic could see England's rugby clubs start going bankrupt before Christmas without a government bailout, Premiership Chief Executive Darren Childs said.
With the slowdown in travel and more tough times ahead, some local airlines, such as Malaysia Airlines and Firefly, are doing their part to protect the mental wellbeing of aviation workers.