In a still-evolving financial situation, hydrogen fuel cell pioneer Teco 2030 Is facing a financial collapse after a bankruptcy petition was filed yesterday against the parent company, Maritime-Executive.com reported. Earlier it had been reported that its manufacturing subsidiary was facing a bankruptcy petition and demands from the Norwegian Tax Authority after another of the company’s subsidiaries filed for bankruptcy two weeks ago.

Intrum, Europe's biggest debt collector, on Friday said that it had filed for chapter 11 bankruptcy in the United States in a bid to restructure its debt, Reuters reported. The company has struggled as the pandemic, an energy crisis and two-decade-high interest rates failed to unleash a wave of loan defaults, with concerns mounting over Intrum's net debt, which reached 49.4 billion Swedish crowns ($4.49 billion) at the end of September.

Greece plans to accelerate the repayment of billions of euros of bailout loans in the latest sign of the country’s economic reversal since it nearly fell out of the euro area more than a decade ago, Bloomberg News reported. Athens will seek to repay at least €5 billion ($5.3 billion) in 2025, Prime Minister Kyriakos Mitsotakis said at a Bloomberg event on Monday. The obligations mature from 2033 to 2042. “We’ve been ruthlessly focused on fiscal discipline,” he said in Athens.

Swedish battery maker Northvolt has been discussing the possibility of bankruptcy protection in the United States as one of several options for the cash-strapped company to survive, two people with knowledge of the matter told Reuters. Northvolt has in recent months gone from being Europe's best shot at a home-grown electric vehicle battery champion to racing to stay afloat by slimming down, hobbled by production problems, the loss of a major customer and trouble raising more cash.

Altice France and a group of secured creditors ended their first round of discussions without reaching a deal over how to restructure the company’s €24.4 billion ($25.7 billion) pile of debt, according to a statement on Thursday, Bloomberg News reported. The discussions between the embattled French telecommunications firm and the steering committee of its secured lenders were about finding ways to cut the company’s leverage.

Just when Britain seemed to be moving beyond its inflation problem, the new government's spending splurge and the risk of a global trade war triggered by U.S. President-elect Donald Trump's tariff plan are threatening to extend it, Reuters reported. British inflation peaked above 11% two years ago after the outbreak of the Ukraine war, the highest among the world's big rich economies. It then took longer to fall than in many other countries, in part because of a shortage of workers following Britain's exit from the European Union. No one expects another double-digit price leap.

It was announced as almost a footnote. But a change to the way the Bank of England’s bond portfolio is managed has freed up as much as £10 billion ($12.7 billion) for UK Chancellor Rachel Reeves in coming years, helping to keep a lid on borrowing, Bloomberg News reported. Reeves wrote to BOE Governor Andrew Bailey on Tuesday to agree that the cash buffer held to protect the central bank against unexpected losses on its holdings should be “slightly recalibrated and reduced.” It means the Treasury will transfer less money to the BOE as the reserve is allowed to run down.

Planet Fitness lost its bid in bankruptcy court to acquire budget fitness chain Blink Holdings, according to court filings viewed by CNBC. Planet Fitness placed its competing eleventh hour bids early this month during a 48-hour challenge window. The two higher bids came after it lost out in a bankruptcy auction to U.K.-based, privately held fitness chain PureGym. Late Tuesday, Delaware’s bankruptcy court formally accepted PureGym’s $121 million offer, which initially won at auction in late October. Bankruptcy Judge J.

Eurozone industrial output fell in September, underlining the fragility of the currency area’s economic recovery as exporters brace themselves for the possibility of higher U.S. tariffs, the Wall Street Journal reported. Total output decreased 2% across the 20 nations that share the euro, a sharper decline than was expected by economists, European Union data showed Thursday.

Southern Water Ltd. was downgraded to junk status by Moody’s Ratings and warned it could be cut further in light of the woes facing UK water and sewage providers as well as the company’s own weak track record, Bloomberg News reported. The firm’s “history of material operational and financial underperformance” could continue over the coming five years and impact the potential raising of £4 billion ($5.1 billion) in new debt and at least £650 million of new equity, Moody’s said in a statement Wednesday.