Norwegian hydrogen refueling station operator Hynion has announced its decision to file for bankruptcy after failing to reach a conclusive restructuring agreement with Bizcap AB and investor Gerhard Dahl, FuelCellWorks.com reported. The company, which had been battling a “critical financial situation,” said the deadline set by its board expired without resolution. Trading on the Oslo Børs will also be suspended as part of the process.

White label hotel management company Revo Hospitality, formerly known as HR Group, has filed for insolvency and is to be restructured under its own management by the summer, BoutiqueHotelNews.com reported. The company cited “increased wage costs and the sharp rise in minimum wages, but also higher costs for rent, energy and food” as contributing factors to the insolvency. “Above all, the strong expansion of the Revo Hospitality Group in recent years led to duplicate structures and integration problems,” it said. In 2008, Revo (then known as HR Group) took over its first hotel in Leipzig.

U.K. unemployment was unchanged in the three months through November, remaining close to pandemic-era highs and adding to concerns about the economy’s health, the Wall Street Journal reported. The headline rate of unemployment was 5.1% in September through November, unchanged compared with the three months through October, the U.K.’s Office for National Statistics said Tuesday. Annual wage growth, stripping out bonuses, was 4.5% on year, slowing after a rise of 4.6% in the three months through October.

President Donald Trump on Saturday vowed to implement a wave of increasing tariffs on European allies until the United States is allowed to buy Greenland, escalating a row over the future of Denmark's vast Arctic island, Reuters reported. In a post on Truth Social, Trump said additional 10% import tariffs would take effect on February 1 on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and Great Britain — all already subject to tariffs imposed by Trump. Those tariffs would increase to 25% on June 1 and would continue until a deal was reached for the U.S.

The Irish High Court has appointed a provisional liquidator to a Co Galway automation equipment firm that ran into financial difficulty following a customer’s cancellation of a major contract, the Irish Times reported. Mr Justice Oisín Quinn on Friday appointed liquidator David van Dessel to Megadale Ltd, with offices at Briarhill Business Park, Ballybrit, following a petition moved on behalf of the company itself.

The Bank of Ireland’s latest credit and debit card data shows spending rose 5.7 per cent in December. Importantly that was higher than the 3.2 per cent inflation rate, indicating an overall increase in spending for Christmas, the Irish Times reported. Spending on electrical goods was up by 6.3 per cent compared to a year ago, while services spend spiked 5.7 per cent. About 2.5 per cent more was forked out in restaurants and pubs while retail saw its share increase 1 per cent. One notable decline was the continued fall-off in cash usage. ATM withdrawals fell once more.

A $1.8bn (£1.3bn) takeover of Soho House by the entrepreneur planning to transform the BT Tower has been revived following a funding scramble, The Telegraph reported. Soho House, which is listed on the New York Stock Exchange, has secured a new $200m funding commitment that will allow it to close a take-private deal with US hotel giant MCR Hotels. Under the revised terms, Morse Ventures, an entity owned by MCR boss Tyler Morse, will commit $50m, while MCR will commit a further $50m.

Germany’s state of Saxony-Anhalt will temporarily finance Domo Chemicals GmbH’s insolvent plastics production site in Leuna to prevent a potentially damaging shutdown, Bloomberg News reported. The plant, which makes plastics used in the automotive and construction sectors, will keep running at around 40% of capacity until the end of March, Christof Günther, managing director of chemical park operator InfraLeuna GmbH said Thursday, after helping to negotiate the financial lifeline with insolvency administrator Flöther & Wissing and the eastern German state.