Reported 6 months ago
An analysis by Associated Press reveals that the number of publicly traded 'zombie' companies, burdened with excessive debt and struggling to pay interest on loans, has surged to nearly 7,000 worldwide, with 2,000 in the U.S. These companies, including familiar names like Carnival Cruise Line, JetBlue Airways, and Manchester United, are on the brink of financial collapse, exacerbated by rising borrowing costs and economic uncertainties. The potential consequences could be dire, impacting employment and economies, with warnings from experts that a wave of bankruptcies may be looming, threatening the global financial ecosystem.
Source: YAHOO