Singapore’s Election Campaigns to Focus on Jobs Amid Pandemic

Singapore’s Foreign Affairs Minister Vivian Balakrishnan said in a debate that 60,000 foreigners lost their jobs in the first five months of this year due to the coronavirus outbreak. Balakrishnan’s comments, in response to the opposition Singapore Democratic Party’s Chee Soon Juan pushing for fewer foreign workers, come as the […]

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Hertz, Creditors in $11 Billion Standoff Over 494,000 Used Cars

Bankrupt Hertz Global Holdings Inc. and its bondholders are squaring off over how to shrink its nearly half-a-million vehicle fleet. Market watchers say the outcome could upend the multi-billion dollar lease-backed ABS industry. The cars are housed in an entity linked to Hertz’s asset-backed securities and leased to the rental […]

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