DP Eurasia will file for bankruptcy for its Russian business and exit the country, the operator of the Domino's Pizza brand in Russia, Turkey, Azerbaijan and Georgia said on Monday, Reuters reported. In December, the company said it was considering options for its Russian operations, including a divestment, like other Western firms which have exited Moscow following its invasion of Ukraine. Some have managed to negotiate swift exits, often selling at huge discounts or handing the keys to local management.

The founder of SBB once said the property company could withstand interest rates of 10%. In reality, less dramatic increases have turned the stock into a bonanza for short sellers, the Wall Street Journal reported. The Swedish landlord was set up in 2016 and borrowed heavily over the next few years to pay for its growing property empire. SBB was “hooked on the crack of cheap debt,” according to Viceroy Research founder Fraser Perring, whose hedge fund published a critical report about the company last year and questioned whether it was valuing its assets properly.

A sluggish economy, higher interest rates and the expiration of pandemic-era life support for ailing companies is forcing more businesses in Europe to declare bankruptcy, WSJ Pro Bankruptcy reported. A new report also showed that new business creation in Europe is slowing, as the Biden administration’s support for green tech continues to draw new investment abroad.

RoyaleLife told a judge Wednesday that it is seeking to appoint administrators to one of its key subsidiaries, as the UK bungalow owner grapples with around £1.5 billion ($1.9 billion) of debt, Bloomberg News reported. A lawyer acting for Time GB Group Limited told London’s high court that it will apply for an administration order and has approached insolvency practitioners from FRP Advisory. Time GB Group is facing a winding-up petition that was filed by a company called Yarwell Mill Country Park Limited in May, according to public filings.

The U.S. Commerce Department on Thursday said it will set preliminary anti-dumping duties on tin-plated steel from Canada, Germany and China, in a move to shield domestic steelmakers that will prompt warnings of higher prices for cans made from the steel and the foods, paint and other products they contain, Reuters reported. The department said it will propose preliminary anti-dumping duties of 122.5% on tin mill steel imported from China, 7.02% on imports from Germany and 5.29% on imports from Canada. A formal Federal Register notice is expected later on Thursday.

Norway’s central bank raised borrowing costs to the highest level since the 2008 financial crisis and signaled it still plans another quarter-point hike in the current tightening cycle, Bloomberg News reported. Norges Bank lifted its key deposit rate on Thursday by 25 basis points to 4%, the 12th increase since September 2021, as forecast by all analysts in a Bloomberg survey. It said the rate “will most likely be raised further in September,” with Governor Ida Wolden Bache keeping the door open for further hikes, depending on incoming data.

The U.K.’s headline rate of inflation fell in July, though key components of prices remained stubbornly hot, adding pressure on the Bank of England to keep raising interest rates to cool the highest inflation rate among leading industrialized countries, the Wall Street Journal reported. Consumer prices were 6.8% higher in July compared with the same month a year earlier, easing from the 7.9% increase recorded in June, the Office for National Statistics said Wednesday. Economists polled by The Wall Street Journal expected inflation to decline to 6.9%.

The Dutch economy has entered a recession as it shrank 0.3% on a quarterly basis in the second quarter, a first estimate published by Statistics Netherlands on Wednesday showed, Reuters reported. The euro zone's fifth largest economy shrank for the second consecutive quarter, after a 0.4% contraction in the first three months of the year. Economic growth in the Netherlands had been almost 5% per year in 2021 and 2022 in a quick recovery from a COVID-19 slump.

The Czech government approved on Wednesday a bill allowing the taxation of large multinational companies which tend to book their profits in countries with a lower tax burden, Reuters reported. The bill affects firms whose annual revenues exceeded 750 million euros ($817.05 million) in at least two of the past four years. The aim is for multinationals to pay a profit tax of at least 15%. "We will join countries which refuse to allow corporate profits to be diverted into tax havens," Finance Minister Zbynek Stanjura said during a televised press conference.

Russia’s currency crisis might not follow the classic emerging-market template: Rather than a sharp depreciation stemmed by painful interest-rate rises, we are more likely to see a slow but inexorable decline, the Wall Street Journal reported. The Bank of Russia raised borrowing costs from 8.5% to 12% Tuesday in an attempt to stop a slide in the ruble. A day earlier, $1 briefly bought as much as 102 rubles, prompting rate setters to call an emergency meeting.