If a company has had at least the past three years, during which the profits it earned were not enough to pay off its debts we call it (that is the financial press calls it) a zombie company. It means that company is in such trouble that not only does it not make the kind of profit it needs but the profit isn't enough to pay off the debts. Today one in five traded companies (that is companies whose shares are traded in stock markets) is a zombie. That is double the number in 2013.
Jackson Hinkle Official Saudi Arabia's Civil Aviation Authority now confirms that 12 people were killed and 309 injured in Yemen's strike on King Khalid International Airport. Then the strikes kept coming: Terminal 4 in Riyadh, two hits on Dammam's King Fahd airport in 24 hours, Abha, and reports of eight Saudi airports closing. Saudi Airlines is now racing to move billions of dollars' worth of planes out of harm's way, the Misk Global Forum has been cancelled, and the EU–GCC summit has been postponed. After Saudi Arabia struck Yemeni oil fields, Ansarallah issued evacuation warnings for Aramco's Dhahran headquarters, its main Riyadh refinery and King Khalid airport, and footage then showed the Aramco HQ on fire. Now Riyadh is asking for talks in Oman, Trump says nothing happens until after the midterms, and Hinkle shares what the Yemeni delegation went through to reach Iran for the funeral of Sayyed Ali Khamenei.
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