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Borrowing is dirt cheap. These countries are cashing in

October 15, 2020. Summarized by summa-bot.

The world is going to exit the coronavirus crisis with huge piles of debt.

Central banks quickly slashed interest rates when the pandemic shut down economies earlier this year and have snapped up trillions of dollars in bonds, reducing borrowing risks.

It did not specify exactly how pay will be affected, but set goals to raise the number of Black people, indigenous people and other people of color at the company, my CNN Business colleague Danielle Wiener-Bronner reports.

Earlier this year, Microsoft (MSFT) announced a plan to double the number of Black managers and senior leaders by 2025.

Wells Fargo (WFC) also said it will double Black leadership in the next five years and will evaluate senior leaders based on their progress in improving diversity and inclusion.

But Big Hit's extreme reliance on BTS, which accounted for 97% of sales last year, could turn out to be as much a liability as an asset.

See here: South Korea mandates more than a year of military service for men, and the group's members are fast approaching the deadline to enlist, my CNN Business colleagues Julia Hollingsworth and Jake Kwon report.

Yet BTS still made up nearly 88% of sales through the first half of this year, according to the company's IPO prospectus.

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