he French government is preparing to sue a British private equity firm over claims it short-changed a failed local steelmaker, The Telegraph reported. Roland Lescure, the French finance minister, said the government would be “uncompromising” as he accused Greybull of failing to follow through on investment pledges for Novasco, which is based in Hagondange, a city in north east France. The situation has led to months of uncertainty for the 700 people employed by Novasco, after the company was placed into administration in August – a year after it was taken over by Greybull.

Hundreds of learner drivers have been left more than £164,000 out of pocket after a driving school closed down and are "unlikely" to get their money back, an insolvency firm has said, BBC.com reported. NxtGen Driving Academy, part of NG Driving Group Ltd, taught students across the East of England but ceased trading on 3 November. Documents seen by the BBC show that, before the firm was shut down, 399 customers had paid the company for driving lessons that will not be fulfilled.

A local NHS board has approved the takeover by an “AI-powered” digital health company of a distance selling care home pharmacy that entered administration this year with £5m debts, PharmacyMagazine.co.uk. reported. UK-based MedPal AI, whose core product is a health data app offering personalised recommendations, first announced on October 1 that it was entering the online pharmacy market with its acquisition of Universal Pharmacy, pending approval by Norfalk and Waveney Integrated Care Board which was recently granted.

Wizz Air is slashing the number of flights it operates from Gatwick in a scramble to cut costs, the boss of the airline has said, The Telegraph reported. József Váradi, the chief executive of Wizz, said it was losing money flying out of Britain’s second-busiest airport because of high operating fees and poorly timed departure slots. As part of a Europe-wide shake-up, the Budapest-based carrier will move more planes from Gatwick to Luton because of its lower costs.

As a judicial administrator in the insolvency proceedings of Nordis Management SRL, CITR conducted, for approximately seven months, an extensive analysis of the Nordis Mamaia Wave project. The goal was clear: to determine the legal situation of each housing unit and to identify any overlapping agreements on the same unit, the Romania Journal reported. The analysis aimed to obtain a complete picture of the company’s assets and liabilities in order to correctly carry out the next stages of the insolvency procedure.

New Zealand late on Sunday welcomed the United States' announcement that it ​would remove additional tariffs on a range of New Zealand ‌agricultural products, including beef, offal and kiwi fruit, but said it ‌would like to see all the additional U.S. tariffs on New Zealand goods removed, Reuters reported. President Donald Trump on Friday removed tariffs he had imposed on more than 200 food products, including beef, ⁠amid consumer concerns about ‌rising U.S. grocery prices. The products represent around 25% of New Zealand's ‍exports to the U.S.

In the months before the collapse of auto-parts conglomerate First Brands, founder Patrick James was busy creating a new business group in Europe. The entrepreneur spent hundreds of millions of dollars on a large plastic-components provider in France, an interiors business in Austria, and a sealings specialist in Germany, according to people familiar with the deals, even as cash was running out at First Brands, the Wall Street Journal reported. The idea: to replicate the U.S. company’s rapid growth through acquisitions in Europe.

U.K. economic growth continued to slow in the third quarter amid uncertainty about the government’s coming budget and the impact of a cyberattack on a major carmaker, the Wall Street Journal reported. The country’s gross domestic product, a measure of the goods and services produced across the economy, rose 0.1% in the three months through September from the previous quarter, the Office for National Statistics said. This compares with 0.3% growth in the second quarter. On an annualized basis, growth was 0.3% against 1.1% in the second quarter.

Gauzy Ltd. has announced that insolvency proceedings have been initiated by the Commercial Court of Lyon, France, affecting three of its French subsidiaries, leading to a postponement of its third-quarter financial results originally scheduled for November 14, QuiverQuant.com reported. The company firmly opposes the court's ruling, plans to appeal the decision, and is currently collaborating with the appointed administrators to resolve the situation. Despite the legal challenges, Gauzy intends to maintain normal business operations and ensure financial stability for its subsidiaries.

The United States and Switzerland announced a framework trade agreement on Friday that includes Washington slashing its tariffs on imported Swiss products to 15% from 39% and a pledge by Swiss companies to invest $200 billion in the U.S. by the end of 2028, Reuters reported. The United States and Switzerland, joined by Liechtenstein, aim to conclude negotiations to finalize their trade deal by the first quarter of 2026, the White House said in a statement. U.S.