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In a ruling that could have far-reaching consequences for the country's insolvency resolution regime, India's Supreme Court has struck down JSW Steel's acquisition of Bhushan Power & Steel (BPSL), reopening a deal that was closed and paid for three years ago, the Economic Times of India reported. The judgment has raised concerns over the sanctity and finality of the Insolvency and Bankruptcy Code (IBC), and that global financial investors may stay out of the distressed asset market due to the lack of legal certainty.

Beleaguered retailer Hudson’s Bay has attracted a bid from Canadian Tire, two sources familiar with the sales process say, the Canadian Press reported. The sources say that the household goods chain has made a bid for some of the faltering department store’s intellectual property. Anyone interested in owning Hudson’s Bay assets had until 5 p.m. on Wednesday to make a formal bid as part of the retailer’s creditor protection court case. Toronto investment manager Urbana Corp. has made a bid for the company’s intellectual property, while billionaire B.C.

The Freital glassworks produces bottles and glasses for juice, wine and more. But a new investor is being sought for the insolvent glassworks in Freital near Dresden, diesachsen.de reported. The first interested parties from various countries have already come forward, according to the law firm in charge of the restructuring. The prospects for a successful reorganization are good, emphasized lawyer Matthias Rönsch. Business operations have remained stable since filing for insolvency and the company has a healthy core.

U.S. President Donald Trump on Sunday said that the U.S. was meeting with many countries, including China, on trade deals, and his main priority with China was to secure a fair trade deal, Reuters reported. Trump told reporters aboard Air Force One that he had no plans to speak with Chinese President Xi Jinping this week, but U.S. officials were speaking with Chinese officials about a variety of different things. Asked if any trade agreements would be announced this week, Trump said that could "very well be" but gave no details.

Platforms like Amazon, Shein and Temu brought China’s vast manufacturing supply chain to the world’s doorstep. These online marketplaces made it possible for thousands of Guangzhou’s small factories to reach shoppers in the United States. And since packages worth less than $800 could enter the United States tax-free, the factories and, in turn, the platforms were able to charge very low prices. Exports have been a major driver of China’s economic growth in the past few years. Business has been particularly good in e-commerce.

Mexican officials on Monday laid out a plan to keep the nation on the path toward growth after narrowly avoiding a technical recession in the first quarter, Reuters reported. The nation's annual gross domestic product could tick up 0.7 percentage points if the plan goes into effect, Finance Minister Edgar Amador said, speaking alongside President Claudia Sheinbaum at her morning press conference.

For motorcycle lovers in Sweden, Harley-Davidson is the hottest brand on the road. Jack Daniels whiskey beckons from the bar at British pubs. In France, Levis jeans are all about chic. But in the tumult of President Trump’s trade war with Europe, many European consumers are starting to avoid U.S. products and services in what appears to be a decisive and potentially long-term shift away from buying American, according to a new assessment by the European Central Bank, the New York Times reported. In April, Mr.

The European Central Bank (ECB) has selected COTI Network as an exploration sandbox for its digital euro project, Cryptopolitan.com reported. The ECB selected several Pioneer Partners from the private sector to work out potential solutions for the digital euro. COTI Network was singled out for having experience with central bank digital currencies (CBDCs), after an exploratory program with the Central Bank of Israel. COTI represents private crypto entities, as the ECB tapped multiple companies to explore all stages of deploying a digital euro.

The entertainment industry reacted with a mixture of alarm and bafflement on Monday after President Donald Trump said he would put a 100% tariff on all movies produced outside the U.S., but issued few details on just how such a levy would work. Trump's Sunday announcement was the latest in his series of levies and threats on various global industries in an effort to boost industrial activity in the United States.

India's top court on Friday rejected JSW Steel's resolution plan to acquire Bhushan Power and Steel four years after the takeover was completed, and ordered the liquidation of the debt-ridden firm, two lawyers involved in the case said, Reuters reported. The insolvency administrator and the lenders panel, which ran the insolvency process, failed to discharge their duties in line with the law, one of the lawyers said, citing the Supreme Court's verbal order. The lawyers spoke on the condition of anonymity as they are not authorised to speak to the media.