Carnival taps bond market for another $1.3bn to stay afloat

Carnival Corporation raised a further $1.3bn secured against its fleet of ships on Wednesday, as the cruise operator seeks to steady itself while burning through more than half a billion dollars per month. The world’s largest cruise operator has suffered after the outbreak of coronavirus caused sickness and death on several of its vessels and […]

Could the United Kingdom become an emerging market?

Some analysts on Wall Street are beginning to wonder whether a volatile currency, declining global clout and a reliance on foreign investors could relegate the United Kingdom to “emerging market” status.Bank of America suggested in a recent note to clients...