Norway’s Kongsberg Discovery, Kongsberg Gruppen’s business area for robotics and sensor technology, is set to acquire active and passive electromagnetic sensing capabilities from Argeo’s bankruptcy estate, Offshore-Energy.biz reported.

Europe should deepen its relationships with trade partners outside the U.S., European Central Bank President Christine Lagarde said, the Wall Street Journal reported. “While the U.S. is—and will remain—an important trading partner, Europe should also aim to deepen its trade ties with other jurisdictions, leveraging the strengths of its export-oriented economy,” Lagarde told a panel at the World Economic Forum in Geneva on Wednesday.

Switzerland is intensifying efforts to strengthen its attractiveness as a business location, its government said on Wednesday, after being hit with some of the highest U.S. tariffs worldwide, Reuters reported. Efforts will focus on regulatory relief for Swiss companies, and new rules incurring high costs for businesses could be pushed back, the government said in a statement. U.S. President Donald Trump this month imposed U.S. import tariffs of 39% on Swiss goods, though pharmaceuticals and some other sectors have so far been spared the duties.

Sweden’s central bank kept its benchmark interest rate in place as inflation continues to climb, but said it could resume cutting rates later this year, the Wall Street Journal reported. The policy rate will be left at 2.00%, the Riksbank said Wednesday, in a decision widely expected by investors. But “the Executive Board sees some probability of a further interest rate cut this year,” the central bank said. “The upturn [in annual inflation] is assessed to be due to temporary factors,” it said in a release.

In July, there were 116 company insolvencies registered in Scotland, slightly lower than the number during the same month last year, Business Insider reported. The total number of company insolvencies was comprised of 68 company voluntary liquidations, 43 compulsory liquidations, four administrations and one company voluntary arrangement. There were no receivership appointments. The latest figures from Accountant in Bankruptcy, Scotland’s insolvency service, also showed that between 26 June 2020 and 31 July 2025, there were three restructuring plans and one moratorium.

An administrator's report on a collapsed English law firm shows that its problems were exacerbated by issues resulting from cyber-attacks. Glaisyers LLP was established in Birmingham more than 150 years ago, but had been insolvent for some time before entering administration earlier this month, according to the Law Society Gazette of England and Wales. Before administration, the firm operated a property department that was subject to a cyber-attack. This increased claims on the firm’s professional-indemnity insurance policy, causing premiums to jump.

Switzerland is seeing a more than fivefold surge in mergers and acquisitions that’s outpaced most of its European peers, giving bankers hopes for a lucrative payout this year, Bloomberg News reported. The volume of takeovers targeting Swiss companies has jumped 465% to $16.7 billion so far this year, according to data compiled by Bloomberg. Private equity firms are particularly active, with Advent announcing late Sunday it has agreed to acquire Zurich-listed chipmaker U-blox Holding AG in a deal valued at 1.05 billion Swiss francs ($1.3 billion).

After months of financial turmoil, AC Ajaccio have filed for bankruptcy, losing their professional status for the first time in 27 years, YahooSports.com reported. According to Corse-Matin, the Corsican club submitted their declaration of insolvency on Monday at the Ajaccio commercial court. The decision comes after the board failed to attract investors or cover an estimated €13m deficit. The move will result in the loss of around 180 jobs and the closure of the club’s training centre, which was named the best in Ligue 2 as recently as May. Ajaccio’s immediate future remains unclear.

Sanjeev Gupta is lining up financing from BlackRock for a contentious scheme to buy a crucial remaining part of his Liberty Steel business in the UK out of insolvency, a move set to put the metals magnate on a collision course with creditors including UBS, the Financial Times reported.