Business Impossible: How COVID-19 Led to the Bankruptcy of World-renowned Companies

Businesses gone bankrupt due to COVID-19

Source: Dreamstime

Reading time: 6 minutes

As expected, the unprecedented crisis, provoked by the global COVID-19 pandemic, led to significant economic problems and bankrupted many businesses of all sizes and in all economic sectors. 

Аccording to some estimates, the negative effects of the downturn have already outweighed those of the 2008 crisis. “I’m pretty confident we will see more bankruptcies this year than ever before,” recently commented for Fortune magazine James Hammond, CEO of New Generation Research – the data analytics company that runs Bankruptcy Data. 

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Biden Vs. Trump: What Do the 2020 Presidential Elections Hold for Europe’s Economy?

Trump and Biden on boxing match with Merkel as referee

Source: Dreamstime

Reading time: 7 minutes

In the past four years, it has become apparently clear that Europeans are not especially fond of Trump’s presidency. So much so, in fact, that, according to the Pew Research Center, some would go so far as to place more faith in Chinese President Xi Jinping – the heart of a well-oiled Communist regime – in “doing the right thing” than in the current U.S. president.

This is why Brussels and Europe, in general, have placed such great hopes on Joe Biden – the presidential candidate who is believed to be able to reforge the transatlantic alliance, re-enter the U.S. in the Paris Agreement and revoke the trade tariffs, imposed by the Trump administration, on China and the U.S. allies, among other things. But will this really be the case?

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