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Cruise operator Carnival pays high price to get credit investors on board
By Joshua Franklin (Reuters) – Carnival Corp <CCL.N>, the world’s largest cruise operator, said it has raised $6.25 billion by issuing new debt and equity on Wednesday, borrowing at a high cost to weather the economic storm of the coronavirus pandemic. Despite having its cruise ships idled to comply with coronavirus travel restrictions, the company […]
IMF, World Bank urge action to cover $44 billion gap in Africa’s pandemic needs
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – African leaders, the IMF and the World Bank on Friday appealed for rapid international action to help African countries respond to the coronavirus pandemic that will cause the continent’s economy to shrink by 1.25% in 2020, the worst reading on record. IMF Managing Director Kristalina Georgieva […]
Broken bottle-wielding beggar left man ‘millimetres from death’ after slashing
A man was left with an extremely painful life-threatening injury after a homeless man slashed him with a broken glass bottle. Leicester Crown Court heard that the 38-year-old victim was just "millimetres from death" after Lee Johnston randomly attacked him. He was sentenced to five-and-a-half years in prison. Johnston was in Leicester in the early […]