Ex-Premier League footballer Lee Clark, known for his time at Newcastle United, Sunderland, and Fulham, has been hit with bankruptcy due to a debt owed to One Stop Business, a finance company based in York, the Irish Mirror reported. The insolvency notice was officially recorded in the London Gazette, which means Clark's assets are now frozen under the authority of the Insolvency Service. His bank accounts, savings and other valuable assets could be used to pay his unsecured creditors if he does not address the debt.

Three interest-rate cuts in just over 24 hours by central banks in Europe highlighted a shift as monetary officials seek to manage the fallout from Donald Trump’s unpredictable trade policies, Bloomberg reported. Central bankers in Switzerland and Sweden had suggested as recently as March that they were most likely done loosening, but the Swiss National Bank instead trimmed borrowing costs by 25 basis points on Thursday, following a similar move by Sweden’s Riksbank a day earlier.

Russia’s economy is “on the brink of going into a recession,” the country’s economy minister said Thursday, according to Russian media reports, the Associated Press reported. Economy Minister Maxim Reshetnikov delivered the warning at the St. Petersburg International Economic Forum, the annual event in Russia’s second largest city designed to highlight the country’s economic prowess and court foreign investors. Russian business news outlet RBC quoted the official as saying “the numbers indicate cooling, but all our numbers are (like) a rearview mirror.

Somerset Council will have to declare effective bankruptcy in April 2026 unless the government can change how special needs education is funded, Glastonbury and Street reported. Demand for specialist education for children and young people with special educational needs and disabilities (SEND) has soared in recent years, with rising demand and climbing costs putting huge pressure on council budgets.

Former England footballer Trevor Sinclair has been declared bankrupt after a judge accused him of “burying his head in the sand” for failing to pay a five-figure amount related to his media work in 2021 and 2022, Sportstar reported. Sinclair, a 2002 World Cupper with the Three Lions, joined the Indian men’s team as part of its coaching staff during the AFC Asian Cup in Doha, Qatar, in January 2024. However, the team failed to score any goals and exited in the group stage after losses to Australia, Uzbekistan, and Syria.