Headlines

The new bench of the National Company Law Tribunal (NCLT) has admitted Katra Realtors under the corporate insolvency resolution process (CIRP) following an application filed by IL&FS Financial Services Ltd., the Economic Times of India reported. Delhi-based Katra Realtors was a corporate guarantor to listed real estate developer Ansal Properties and Infrastructure (Ansal API), which is also currently undergoing an insolvency resolution process.

Stellantis Chairman John Elkann on Tuesday warned the European auto industry risks an "irreversible decline" if the European Union does not soften its stance on cuts in carbon emissions to grant automakers more flexibility, Reuters reported. The European Commission is due to present a package of proposals for its scheduled review of EU carbon emissions regulation for the auto industry on December 10.

Russia's depressed car market has shown weak signs of recovery as 2025 draws to an end, but is set to hit near-record lows early next year as higher scrappage fees drive up prices, dealers and experts say, Reuters reported. Far from signalling a genuine rebound, a jump in sales of new cars in October reflects a rush by buyers to complete purchases before the higher charges kick in, they say. The outlook highlights the structural crisis in Russia's auto sector that goes back to the full-scale invasion of Ukraine in 2022.

South Korea's ruling Democratic Party will propose a bill this week that would facilitate the country's investment in the U.S. under a deal that cuts tariffs on the country's exports, financial news service Money Today reported on Tuesday, Reuters reported. The Democratic Party agreed with the South Korean government to introduce the bill on November 26, it reported. No further details were immediately available. The two countries on November 14 announced the details of implementing the deal reached by their presidents in late October that would lower U.S.

Countries must act now to keep slowing population growth from wreaking havoc on their long-term economic prospects, the European Bank for Reconstruction and Development said in a semiannual report on Tuesday, Reuters reported. The report said that aging populations have already begun to hinder economic growth in some nations — and that in emerging Europe, the drop in the share of working-age people is projected to reduce annual per capita GDP growth by an average of almost 0.4 percentage points a year between 2024 and 2050.

Japan's financial regulator is moving to mandate that crypto exchanges in the country maintain liability reserves to protect customers from losses stemming from hacks and security breaches, Decrypt.com reported. The Financial Services Agency plans to submit legislation to parliament in 2026 that would require exchanges to set aside reserves for compensating customers in the event of losses from cyberattacks or other incidents, The Nikkei reported on Monday.

The families of 300 U.S. citizens hurt or killed in the Oct. 7 attack on Israel sued Binance, claiming the cryptocurrency exchange aided Hamas and other terrorist groups by transferring more than $1 billion among accounts they controlled, the New York Times reported. The lawsuit, filed in federal court in North Dakota on Monday, comes about a month after President Trump pardoned Changpeng Zhao, Binance’s founder, who was convicted of money laundering in 2023.

Ireland wants to help Canadian tech companies scale up across the Atlantic Ocean, its enterprise minister told The Logic, as the country gets ready to shepherd new regulations on artificial intelligence through the European Union next year. Peter Burke, Ireland’s minister for enterprise, tourism and employment, was in Toronto and Ottawa last week on a mission to expand trade and investment with Canada—especially through greater connections in the tech sector.

Canacol Energy Ltd. announced that the it and certain subsidiaries filed for relief under chapter 15 of the U.S. Bankruptcy Code in the Bankruptcy Court for the Southern District of New York, according to a press release. The petitions for relief seek recognition of the Company’s Canadian proceeding commenced under the Companies' Creditors Arrangement Act, or CCAA, in the Court of King’s Bench of Alberta as a foreign main proceeding. At a hearing held on November 20, 2025, the U.S.

Finnish fuel chain Teboil, which is owned by Russian oil major Lukoil filed for corporate restructuring on Friday, news agency STT reported, citing a court filing, according to Reuters. The United States last month hit Lukoil with sanctions over Moscow's war in Ukraine, disrupting the company's international business. Teboil had on Wednesday said it was preparing to shut down all its stations as fuel runs out. Earlier in the week it had said it expected Lukoil to sell the chain. It was the first of Lukoil's international businesses to say it would close down as a result of the sanctions.