Headlines

A Boeing jet earmarked for China was returning to the U.S. on Friday, flight tracking data showed, as the planemaker’s flagship delivery plant outside Shanghai was drawn into a deepening tariff war between Beijing and Washington, CNBC reported. The return of one of several jets waiting for final work and handover to a Chinese carrier at the completion center in Zhoushan is the latest sign of disruption to deliveries from a breakdown in the industry’s decades-old duty-free status. In a sign that Boeing was preparing for normal business just weeks before U.S.

The Icelandic Film School is set for a fresh start under new leadership, as Rafmennt — the educational center of the Electrical Industry — has officially taken over its operations following the school’s bankruptcy in March, the Iceland Monitor reported. However, students will have to bid farewell to the school's longtime premises on Suðurlandsbraut. In a statement issued Wednesday, Rafmennt confirmed that it has purchased the school's name, trademark, equipment, and other assets from the bankruptcy estate.

The National Company Law Appellate Tribunal (NCLAT) has set aside the appeals filed by BCCI and Riju Raveendran seeking withdrawal of insolvency proceedings against Byju’s and consider the settlement between the debt-ridden edtech firm and the apex cricket body, The Hans India reported.

Queensland's government has put a politically connected cybersecurity business into insolvency within six months of it winning a state contract to run a $15 million safety program, ABC.net.au reported. Cryptoloc Holdings' liquidation was executed this month in the Supreme Court after failing to repay $1.51 million demanded by the state for money already advanced, the ABC can reveal. Court-filed correspondence shows a disintegration of confidence amid questions about Cryptoloc Holdings' financial strength and spending.

The Technical University of Kenya (TUK) has addressed reports that the university has been shut down days after it was declared financially insolvent by the National Assembly, the Kenya Times reported. The Parliamentary Committee on Education on Wednesday, April 16, declared TUK insolvent amid a deepening financial crisis marked by billions of debts and persistent salary delays for staff. This came after current and former administrators faced tough questions before the committee about how the institution accrued debts exceeding Ksh12 billion.

The “La Placnte” restaurant chain, which now consists of four units based in Bucharest, went into insolvency in Romania, at its own request. In 2023, which is the last reported year, the chain had debts totaling almost 10 million lei, IPN.md reported. The company argued that it cannot clear in due time this debts due to the insufficiency of funds, shows the document analyzed by Profit.ro, quoted by IPN. In 2023, the company had a turnover of 15.1 million lei and losses of 1.3 million lei. The number of employees decreased from 86 to 47 people.

Fisker filed for bankruptcy, leaving Ocean owners high and dry. However, Fisker dealers were in an even worse situation. In England, a Fisker dealer was forced to abandon the Ocean SUVs on the side of a road, Autospies.com reported. Several days later, an auction house collected them and will auction them off alongside other abandoned Fisker Oceans. However, it's unclear who'd want them. Fisker filed for bankruptcy in the U.S. last June, leaving owners holding the bag. While creditors and founders will see some of their money back, owners will not have the same luck.

Britain’s biggest pub company saw its financing costs surge by 50pc to almost £500m last year, as high interest rates put pressure on the debt-laden business, The Telegraph reported. Stonegate Pub Company, best known as the owner of the Slug & Lettuce and Be At One chains, suffered a £214m loss for the year to October 2024 after the cost of servicing its debt pile rose from £301m to £455m. Debt costs grew far faster than sales across its almost 4,500 pubs. Takings increased by just £28m to £1.74bn over the year, recently published filings show.

Asian shares were mostly higher in thin Good Friday trading after a bumpy ride on Wall Street, where the Dow industrials lost 1.3% as UnitedHealth shed more than a fifth of its value due to a weaker-than-expected profit report, the Associated Press reported. Tokyo’s Nikkei 225 gained 1% to 34,730.28, while the Kospi in South Korea rose 0.5% to 2,483.42. Taiwan’s Taiex gained 0.3% and regional tech companies advanced after global heavyweight Taiwan Semiconductor Manufacturing Co. reported a profit for the latest quarter that matched analysts’ expectations.

The new U.S. ambassador to Japan arrived in Tokyo on Friday and said he is optimistic that his country and its key Asian ally will reach a deal in their ongoing tariff negotiations, the Associated Press reported. George Glass, a prominent businessperson known for his background in finance, investment banking and technology, arrives as Washington and Tokyo are negotiating President Donald Trump’s tariff measures, which have triggered worldwide concern about their impact on the economy and global trade. “I’m extremely optimistic ...