Wave of COVID-19 bankruptcies poses next threat to U.S. economy

Business / Economy May 14, 2020

Wave of COVID-19 bankruptcies poses next threat to U.S. economy

Larger companies have generally survived the initial blow from the coronavirus crisis, but still face existential challenges to get through what will probably be a long and grinding recovery. Since COVID-19 shuttered much of the global economy, airlines, major retail chains, oil companies and other ...

Japan sees first business failure linked to coronavirus

Business / Corporate Feb 25, 2020

Japan sees first business failure linked to coronavirus

A hotel in Aichi Prefecture will file for bankruptcy due to a steep fall in customers amid the coronavirus outbreak, Tokyo Shoko Research Ltd. said Tuesday. It marks the first business failure in Japan linked to the COVID-19 outbreak, officials at the credit agency said. The ...