Electrecord, Romania’s first record label, self-styled as the “Soundtrack of Romania” and active since 1932, has emerged from insolvency after eight years, Romania Journal reported. Control of the company was taken over by an individual who paid off its main debts and received shares in exchange for claims acquired from former creditors, and who is now holding over 95% of the company. Previously, Electrecord was controlled by the company’s Employees’ Association, holding 77.67% of the shares. Beneficiaries of the mass privatization program (PPM) from the 1990s owned 22.32%.

Liberty Steel owed Rotherham Council more than £4.2m in unpaid business rates when it was issued with a compulsory winding up order in August 2025, the local authority has confirmed, BBC.com reported. Council leader Chris Read said the authority had written off more than £3m of the debt on the recommendation of external legal advisers but that this could be reversed if there was a possibility of recovering the money. The authority said it intended to submit a claim to administrators for the full outstanding balance.

Eurozone retail sales rose in November, providing a boost for the economy in the final quarter of 2025 despite a consumer backdrop that remains cautious, the Wall Street Journal reported. Volumes rose 0.2% in the month compared with a revised 0.3% uptick for October, the European Union’s statistics agency said Friday. Retail sales slipped in Germany, but rose in France, Spain and Italy. The overall rise for the eurozone sees volumes in positive territory for a third straight month.

British lawmakers are calling for the Bank of England to be handed new powers to gather data on private credit if a landmark stress test fails to shed enough light on risks posed by the fast-growing but opaque market, Reuters reported. In a report published on Friday entitled "Private markets: Unknown Unknowns", the cross-party House of Lords parliamentary committee said there was insufficient data to determine whether the growth of private markets posed a systemic risk to the UK's financial stability.

Housing projects planned by a developer in Luxembourg will continue despite the firm’s subsidiary in the Grand Duchy entering insolvency proceedings, the company’s CEO has insisted, the Luxembourg Times reported. Capelli Lux, the Luxembourg arm of French property group Capelli, began insolvency proceedings on Monday, casting doubt over the future of a major construction project in Howald, the South Village project. It follows a decision by the Paris Commercial Court on 3 December 2025 to convert the Capelli group’s receivership into liquidation proceedings.

Officials overseeing the wind-down of Stenn Technologies, the U.K. invoice-finance firm backed by Wall Street investors, have recovered about one tenth of the funds owed so far as they continue to probe the circumstances of its collapse, Bloomberg News reported. Stenn was owed roughly $1 billion in short-term invoices at the point of its Dec. 2024 insolvency. Administrators at Interpath Advisory managing the firm’s failed UK subsidiaries have obtained £93 million ($125 million) since then, according to their latest reports.

British consumers’ spending on food shored up revenue for U.K. retailers over a Christmas shopping season clouded by weak outlay on other goods, the Wall Street Journal reported. Tesco and Marks & Spencer on Thursday reported sales for the festive period, a key time for the sector, that showed stronger performance in food than in clothes and other goods. Many U.K. grocers see their biggest share of sales during the period and make use of promotions and discounts for a boost. Grocery sales have been a bright spot in retail, with U.K.

Swiss inflation edged up in the final month of 2025, likely alleviating the pressure on the country’s central bank to cut rates below zero, the Wall Street Journal reported. Inflation climbed to 0.1% in December from 0.0% in November, the first rise in five months, Switzerland’s statistics office said Thursday. While lower-than-expected inflation in recent months and an economy that contracted in the third quarter raised some expectations that the Swiss National Bank could cut rates again below zero, the inching up of inflation could allay some nerves among policymakers.