The Financial Times reports that Hertz, the car rental group backed by US billionaire businessman Carl Icahn, has staved off bankruptcy after striking a deal with lenders to extend a crucial payment deadline. The company missed a payment to lenders in April for the leasing costs of some of its vehicles.
After an extension until May 4 was granted, Hertz reached a deal on Tuesday to move the payment date to May 22. The extra time provides a breathing space to the rental car provider as it tackles the collapse of its business in the face of the coronavirus pandemic.
Financial Times
Chinese shipping and logistics conglomerate COSCO Shipping's container liner unit said on Wednesday it had suspended all new bookings for routes to and from ports in the Middle East...
Spanish Prime Minister Pedro Sánchez said U.S. President Donald Trump’s threats would not cow Madrid into supporting the American-Israeli war in Iran.
“We are not going to take a posi...
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Parliament Approves Random Drug Testing and Tougher Road PenaltiesParliament has unanimously approved legal amendments allowing police to carry out random roadside drug t...
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€11 Million Deficit Sparks Going-Concern Warning at University of Malta: The University of Malta posted a €11.17 million deficit in 2023, with liabilities exceeding asset...
The Socialists and Democrats (S&D) Group in the European Parliament has demanded urgent clarification from the European Commission over its participation in the first meeting of the ...
The rising cost of living has emerged as the major issue that Maltese citizens want the European Parliament to address, according to the latest Eurobarometer survey published today.
T...
Chinese shipping and logistics conglomerate COSCO Shipping's container liner unit said on Wednesday it had suspended all new bookings for routes to and from ports in the Middle East...
Oil prices rose 1% on Wednesday as the U.S.-Israeli war on Iran disrupted Middle East supplies, but the pace of gains slowed from past sessions after President Donald Trump raised the ...
Vivian continues to widen its portfolio with the announcement of new representation agreements with worldwide R&D pharmaceutical companies. “These latest agreements crown a very succ...
Two local analysts have cautioned that any attempt by EU Member States to block or restrict the passporting of crypto-asset service providers (CASPs) authorised under the Markets in...
The Association of Tractor and Trailer Operators (ATTO) has warned that persistentcongestion, limited parking, and clashes with football events are making logistics at theGrand Harbour u...
“ATTO is not against plans to regenerate the Grand Harbour but all stakeholders need to engage in focused discussions to ensure guaranteed berths with adequate quay operations that do no...
Entrances to Iran's underground and previously bombed uranium-enrichment plant at Natanz have been struck as part of the U.S.-Israeli military attacks on the country, the U.N. nuclear...
The United States has warned that its military campaign against Iran will intensify, even as American diplomatic and military sites across the Middle East come under attack and Israel ex...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
María Corina Machado is a prominent figure in Venezuela’s opposition. She has reported that one of her closest associates, Juan Pablo Guanipa, was abducted. This occurred mere hours afte...
Ukraine will complete the technical work needed to open negotiations on all topics for its European Union accession process within days, President Volodymyr Zelenskiy said.
Zelenski...
More than 1,700 Africans are fighting for Russia in its war in Ukraine, Ukrainian Foreign Minister Andrii Sybiha said, adding that Moscow was using deception to trick them into fighting....
