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US hotels: Distressed and at high risk of foreclosure

CHICAGO, Illinois (eTN) - In the US, hotel loan defaults and foreclosures are on the rise. Alarmingly, the rate of increased shutdowns is expected to speed up even further.

ENAC grounds MyAir

ROME - Italy's civil aviation authority grounded low cost airline MyAir on Wednesday, saying months of financial troubles made the company's service unreliable.