The Court of Arbitration of the International Chamber of Commerce (ICC) has ruled in favour of one of the most important creditors in the Signa bankruptcy case, the Luxembourg Times reported. The ICC awarded sovereign wealth fund Mubadala from the United Arab Emirates around €700 million for breach of financing agreements, according to the creditor protection association Creditreform. The arbitration tribunal is a non-governmental body for commercial and investment disputes.

The Barclay family’s sale of a house in Switzerland has triggered fears that they could put money beyond the reach of bankers chasing debts of £140m, The Telegraph reported. On Tuesday, HSBC told the High Court it was concerned that brothers Aidan and Howard Barclay were “playing for time” in bankruptcy proceedings and could use a delay to “dissipate” their assets. The bank pointed to the sale of a Swiss property in April last year and said lawyers acting for the siblings, former owners of The Telegraph, had refused to give assurances they would not carry out such asset sales.

UK high street retailer GAME is closing its three remaining standalone stores as managing director, Nick Arran, exits the company after nine years, GameIndustry.biz reported. As reported by The Game Business, via VGC, the Frasers Group-owned business will continue to operate its 200+ concession sites across Sports Direct and House of Fraser stores, as well as its retail website. GAME filed a notice of its intention to bring in insolvency administrators last week, following weak sales over the Christmas period last year.

Birmingham City Council has declared itself no longer effectively bankrupt after steadying its finances two-and-a-half years after hitting a budget crisis that the government stepped in to solve, BBC.com reported. In budget documents made public ahead of a council cabinet meeting next week, the authority states its financial situation for 2026-27 will be "balanced", with services set for £130m investment.

Eurozone inflation fell below the European Central Bank’s target in January and is expected to remain under that 2% mark over the next two years, the Wall Street Journal reported. However, a weaker dollar and increased imports of lower-priced Chinese goods could push inflation even lower than policymakers expect, and persuade them to restart a series of interest-rate cuts the ECB halted in June. Inflation has hovered around the ECB’s 2% target over recent months, prompting its policymakers to reiterate that monetary policy remains in a “good place”.

Eight weeks ago, the sidewalks outside Bulgaria’s national bank overflowed with tens of thousands of protesters demanding new leadership in a country that has seen a carousel of 10 elected and caretaker governments over the past five years. But on Saturday, the eve of one of the most dramatic cultural changes for Bulgaria in generations, only a short line of people stood silently at the bank’s door, the New York Times reported. It was the last day before the lev, Bulgaria’s currency since the 1880s, was replaced with the euro.

BitRiver, Russia’s largest crypto mining firm, is facing potential bankruptcy after a regional arbitration court opened insolvency supervision proceedings against its controlling shareholder, Decrypt.com reported. Igor Runets, BitRiver’s founder and chief executive, was reportedly placed under house arrest on tax evasion charges after a Moscow district court issued a ruling last week.

Klöckner Pentaplast (kp) has completed its restructuring under the US Chapter 11 process, resulting in the removal of around €1.3bn ($1.5bn) in funded debt from its balance sheet, EuroNews.com reported. The company’s exit from court oversight follows an injection of €349m in new capital as part of its plans to stabilise ongoing operations. Ownership of Klöckner Pentaplast has now shifted to a consortium of financial partners led by funds affiliated with Redwood Capital Management.

U.S. President Donald Trump on Monday said he had agreed on a trade deal with India that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India lowering trade barriers, stopping its purchases of Russian oil and buying oil instead from the U.S. and ​potentially Venezuela, Reuters reported.

In olive groves and vineyards dotted across Spain, sensors and drones paid for by Europe's largest recovery fund since the post-war Marshall Plan are gathering soil data to feed into AI models which will help farmers better manage their crops, Reuters reported. The project - decarbonising and digitalising a key economic sector - is exactly what the European Union's $955-billion "Next Generation" fund, agreed six years ago and ​fast approaching final payout deadlines, was designed to nurture.