Signa Holding, the insolvent entity at the top of Austrian ex-billionaire Rene Benko's fallen property empire Signa, faces 8.35 billion euros ($9.8 billion) in claims by creditors, of which it disputes 5.6 billion, its administrator said on Friday, Reuters reported. Signa became the biggest casualty of Europe's property downturn when parts of the group's elaborate network of companies filed for insolvency in late 2023.

Jaguar Land Rover's production shutdown after a cyberattack is hitting businesses in Britain's West Midlands region, a survey showed on Friday, with firms already making redundancies or cutting staff hours in response, Reuters reported. The government is considering financial support for the luxury carmaker, which is owned by India's Tata Motors, after the cyberattack halted production at the start of this month. It has extended the shutdown until October.

Bosch will cut around 13,000 extra jobs at its auto-parts business by 2030, representing about 3% of its global workforce. The cuts, which come on top of thousands of job losses at Bosch in recent years, will mainly affect positions in Germany. The company’s base in the Stuttgart region is set to be the hardest hit, while sites in areas such as Feuerbach and Schwieberdingen will see thousands of job cuts. The engineering giant is seeking to claw back €2.5 billion in losses “as quickly as possible” as Europe’s car industry remains in the doldrums.

The trustee for a bankrupt unit of Northvolt AB has found no basis to hold board directors personally liable for unpaid supplier claims of 6.8 billion kronor ($720 million), Bloomberg News reported. The report to the Stockholm District Court found no unlawful value transfers, breaches of statutory loan prohibitions, or fraudulent accounting. The board, including founder Peter Carlsson and CFO Alexander Hartman, are likely to avoid personal liability for the unpaid claims.

Russia’s Federal Tax Service has filed a bankruptcy petition against the Tobol Timber Company, the largest timber firm in Siberia’s Tyumen region, over unpaid taxes exceeding 14.6 million rubles ($174,000), Russian media reported Tuesday, the Moscow Times reported. The Federal Tax Service asked a regional arbitration court to initiate bankruptcy proceedings after Tobol’s bank accounts were frozen on Sept. 12, according to Ura.ru.

Switzerland’s central bank left its key interest rate at zero Thursday, ending a sequence of six straight cuts, despite the threat of slower growth as the economy adjusts to one of the highest tariffs set by President Trump, the Wall Street Journal reported. Investors had mostly expected the decision after comments from officials at the central bank that signaled a reluctance to push the key rate back below zero, where it settled for almost eight years until September 2022.

German automotive supplier Kiekert has applied for insolvency, according to a court document seen by Reuters on Tuesday. Two core businesses - Kiekert AG and Kiekert Holding GmbH - have initiated insolvency proceedings and Joachim Exner has been appointed as administrator on an interim basis, the document showed. Kiekert, which specialises in locking systems, has 4,500 employees in 11 locations, according to its website.

Confidence among German businesses fell back for the first time this year, according to a survey that adds to worrying signs for Europe’s most important economy, the Wall Street Journal reported. The Ifo Institute said on Wednesday that its business-climate index declined to 87.7 in September from 88.9 last month. That decrease breaks a streak of gradually improving sentiment among German companies unbroken since the start of 2025, and overturns economists’ expectations for a further uptick in the index.