Bloomberg Hertz Global Holdings Inc. has struck a deal that will cut the debt it owes lenders who financed its rental car fleet to less than $5 billion from $11 billion by December. 31, the company’s main bankruptcy lawyer said in court. Under an agreement with the lenders, Hertz has agreed to sell 182,000 cars over the next few months, …

Abu Dhabi / WAM The UAE’s successful launch of the Mars Mission, Hope Probe, will serve as a positive impetus to South Korea’s planned lunar mission and pave the way for joint Moon and Mars explorations, a senior official told Emirates News Agency (WAM). As South Korea is planning to launch a lunar orbiter in 2022, and send a lunar …

Bloomberg For the first time since the West’s five energy supermajors were created in the early 2000s, all of them are set to post a quarterly loss. Once a money-making machine, Big Oil is now relying on ever-increasing amounts of debt, raising the pressure on highly prized dividends. BP Plc may cut its payout for the first time since the …