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Headlines
UK Firms in ‘Critical Financial Stress’ Jump by a Third as Costs Rise, Report Finds
The number of UK businesses in “critical financial distress” has risen by more than a third over the past year, as companies contend with a “slew of increased taxes” and the impact of the Middle East conflict, The Guardian…
China Targets Corporate ‘Zombies’
China’s top market regulator is intensifying its crackdown on debt-laden “zombie companies” – rolling out a pilot programme in seven economic hubs to facilitate the forced exit of unprofitable firms often propped up by government…
Brazilian Retailer CVLB Files for Bankruptcy Protection
Brazilian retailer CVLB Brasil has filed for bankruptcy protection, saying on Wednesday that it needed to broaden and provide greater legal stability to an ongoing debt restructuring process, Reuters reported. "The …