Half a year after being spurned by the FDA and following deep layoffs, IO Biotech has decided to close its doors for good, Fierce Biotech reported. The Danish biotech has ceased operations and said goodbye to its employees, C-suite and board of directors after filing for bankruptcy, according to a March 31 filing with the Securities and Exchange Commission. A trustee appointed by the Delaware bankruptcy court will take control of the company and liquidate its assets.

Spark Networks Services GmbH, the operator of online dating platforms Christian Mingle, JDate and Zoosk, is seeking U.S. bankruptcy court recognition of its German insolvency case, Bloomberg Law reported. The company filed its U.S. case after a failed restructuring in 2024 and its primary lender and equityholder, MGG Investment Group, pulled funding in January, according to court documents filed Monday in the U.S. Bankruptcy Court for the Southern District of New York. Spark Networks is seeking relief under chapter 15 and aims to sell its assets while continuing operations.

Millions of unprocessed bad loans from last ‌decade's debt crisis are slowing Greece's economic growth and stymying the rebound for families and businesses still locked out of lending markets, an International Monetary Fund official told Reuters. The IMF estimates that nearly 3 million non-performing loans are impacting 2.4 million people, said Charles Cohen, an IMF advisor specialising in ​financial markets. The sheer number has overwhelmed the Greek lending system, and without servicing the old loans many ordinary ​Greeks will be unable to borrow further.

The Budapest Court of Appeals reported that the end of COVID‑era payment moratoriums led to a rise in bankruptcy cases, which first surged at the trial‑court level and later appeared in second‑instance proceedings, the Budapest Business Journal reported. Civil case filings also increased during the period of economic uncertainty, while administrative cases grew unevenly due to ongoing structural changes.

Ireland plans to offer a new personal savings and investment scheme from next year to encourage people to invest some of the ​170 billion euros ($196 billion) earning little or no interest on deposit ‌with banks, Finance Minister Simon Harris said, Reuters reported. Harris, who is also the country's deputy prime minister and leader of one of the two main coalition parties, has made the policy ​a top priority since taking on the finance brief four months ago ​and outlined further details of his plans on Tuesday.

Europe’s inflation rate rose to 2.5% in March as the Iran war sent fuel prices sharply higher, official figures showed Tuesday, the Associated Press reported. That is leading analysts to pencil in interest rate increases by the European Central Bank later this year. The annual rate for the 21 European Union member countries using the euro currency compared to 1.9% for February before the war started and blocked supplies of oil and gas from the Persian Gulf. Energy prices increased 4.9% percent in March compared to a 3.1% decline in February, Eurostat figures showed.

National carrier Air Calédonie filed for bankruptcy protection on March 27, 2026, in regional French courts, The Street reported. The flag carrier for the remote French overseas territory of New Caledonia, Air Calédonie has faced almost two months of protests over the decision to move the airline’s base in the capital city of Nouméa to a more distant airport. The carrier serves a remote territory in the South Pacific made up of more than 130 smaller islands. For many locals, the airline is a lifeline for transportation to hospitals, grocery stores and other critical infrastructure.