COVID-19 Global Roundup: A tidal wave of coronavirus business failures
CGTN

COVID-19 Global Roundup: A tidal wave of coronavirus business failures

Retailers, restaurants, airlines, tech companies, oil producers, fitness centers, travel agencies ... the list goes on and on. Businesses across the globe have declared bankruptcy this year due to the COVID-19 pandemic, which has triggered economic turmoil and hardship. 

For many businesses around the world, the COVID-19 pandemic could be the toughest challenge they've ever met: Cash flow dried up, financial problems deepened, customers stopped buying, stores shut down and lockdown orders returned over and over again. 

Some are experiencing domestic political and social turbulence, others were struggling even before the pandemic began. The current situation has made it worse, as companies try to survive in an environment where a vaccine has yet to be found and economies are still reeling.

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