Daily Archives: July 18, 2020

On eve of bankruptcy, US firms shower execs with bonuses

Washington: Nearly a third of more than 40 large companies seeking U.S. bankruptcy protection during the coronavirus pandemic awarded bonuses to executives within a month of filing their cases, according to a Reuters analysis of securities filings and court records.   Under a 2005 bankruptcy law, companies are banned, with few exceptions, from paying executives

Saudi confirms 2,565 cases; 40 deaths

Riyadh: Saudi Ministry of Health reported 2,565 Novel Coronavirus (COVID-19) infections, , bringing the total number to 248,416 cases, including 51,751 active cases undergoing treatment.   The Ministry of Health added that 40 new deaths have been reported; putting the tally of fatalities at 2,447. As many as 3,057 cases have recovered, raising the total recoveries

Atalanta draw in Verona, all but clinch Champions League slot

Rome: Atalanta’s 1-1 draw at Verona on Saturday pushed them within six points of Serie A leaders Juventus and one shy of qualification for the next Champions League, said dpa.   Duvan Zapata struck on 50 minutes for the Bergamo guests as a botched control from defender Koray Gunter sent him away in the box.

Fire at French cathedral in Nantes destroys famed organ

Paris: French officials launched an arson inquiry Saturday after a fire broke out in the famed Gothic Cathedral of St. Peter and St. Paul of the western French city of Nantes.   The blaze destroyed the organ, shattered stained glass windows and sent black smoke spewing from between the cathedral towers, said AP.   Residents