Los Angeles Business Journal reports on the anticipated increase in bankruptcy filings by hotels in light of the uneven economic recovery and reduction of government support, as lender patience is expected to wear thin.
The Wall Street Journal writes that businesses are taking a wait-and-see approach to the new Omicron variant of Covid-19 that emerged last week.
The Economist assesses Jerome Powell’s agenda for his second term as chairman of the Federal Reserve.
LATAM Airlines announced on Friday that it has filed a chapter 11 plan of reorganization that the airline says has the support of its largest unsecured creditor group and various shareholders, and which will provide more than $8 billion of new equity, convertible notes, and debt to enable the company to emerge from chapter 11.