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.
Danny Haiphong Donald Trump's war on BRICS is backfiring as the Russia & China-led Global South moves to dump the US dollar and build a new order independent of its dictates. Journalist and geopolitical analyst Ben Norton breaks it all down. Related: Trump's tariffs: A unique opportunity for BRICS and the Global South to fully escape from dollar tyranny
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