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The total number of corporate bankruptcies in Germany rose to its highest level in more than a decade last year, according to data published by the federal statistics office on Friday, Reuters reported. Local courts registered 24,064 corporate insolvency filings, 10.3% more than in the previous year, according to the figures. "2025 was an especially weak year for Germany as a place to do business," said Volker Treier, chief analyst for the German Chambers of Industry and Commerce (DIHK).
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The National Company Law Tribunal (NCLT) has ordered the liquidation of Hero Electric Vehicles Pvt. Ltd. after efforts to revive the company through the insolvency resolution process failed to produce an approved plan, the Times of India reported. The order was passed by the NCLT’s New Delhi Bench on March 3, 2026. The tribunal noted that no resolution proposal received the required support from creditors within the timeline set under the Insolvency and Bankruptcy Code (IBC). As a result, the provisions related to liquidation under the code were triggered.
The decision to file for bankruptcy for Tyre Recycling in Sweden AB forms part of the ongoing Enviro reorganisation and aims to strengthen the company’s liquidity and support long-term profitability, TyreandRubberRecycling.com reported. According to Enviro, operations at its Gothenburg headquarters will continue as normal while further measures are implemented under the reorganisation process.
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A claimant was being fed answers through his smart glasses while giving evidence in the high court in London, a judge has found, The Guardian reported. Laimonas Jakštys was “untruthful in denying his use of the smart glasses” and his witness statements “were clearly prepared by others”, the insolvency judge Raquel Agnello KC ruled. Agnello said that when Jakštys was giving evidence, he paused before replying to questions, as first reported by Legal Futures.
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Billionaire Ricardo Salinas Pliego’s broadcaster TV Azteca filed to initiate Mexican bankruptcy proceedings on Thursday, according to a spokesperson, as the company seeks to bring a battle with creditors over $400 million of defaulted bonds to Mexico, Bloomberg News reported. TV Azteca, known for producing soap operas and reality shows, filed for voluntary bankruptcy protection before a Mexican court to help reorganize its liabilities and strengthen its financial structure, Grupo Salinas spokesperson Luciano Pascoe said.
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The U.S. Trade Representative's office said late on Thursday it had begun a second set of Section 301 unfair trade practices probes of 60 economies in relation to what it called failures to take action on forced labor, Reuters reported. President Donald Trump's administration has sought to rebuild tariff pressure on countries around the world after the U.S. Supreme Court struck down his global tariffs as illegal on February 20.
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Canadian and Mexican officials on Thursday reaffirmed the importance of maintaining the trilateral free trade agreement between their countries and the U.S., amid signals from Washington it could be interested in bilateral deals, Reuters reported. Canada's ambassador to Mexico Cameron MacKay and Mexican deputy trade secretary Luis Rosendo Gutierrez both told a conference in Mexico City that maintaining the trilateral U.S.-Mexico-Canada agreement was a priority for their nations. The meetings follow an announcement by U.S.
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The consequences of upending commerce in much of the Middle East are broad and increasingly apparent in industries beyond energy. From industrial commodities to tropical fruits, products needed in one place are getting stuck somewhere else, the New York Times reported. The longer the hostilities persist, the greater the upheaval for shoppers and businesses throughout the global economy. The reverberations amount to a rebuke of the notion that globalization is history, a claim popularized by nationalist movements on multiple continents.
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The conflict in the Middle East may force the hand of Brazil’s central bank, and not in a good way. The central bank has heavily foreshadowed a rate cut on March 18. However, the escalating war in the Middle East may throw cold water on those plans, and Brazil’s market rally, the Wall Street Journal reported. “If oil prices start climbing high or [if] they stay high, then, yes, the central bank might hold,” Juan Egaña, a strategist at BCA Research, said. "Brazilian markets have rallied so much in expectation that monetary easing is coming,” said Egaña.
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Chinese lenders plan to steer more money toward technology and innovation-oriented firms, bankers say, responding to Beijing's pledge to aggressively adopt artificial intelligence throughout the economy and dominate emerging sectors, Reuters reports. The credit-allocation shift toward tech is well underway and is set to accelerate further under the government's plans, unveiled last week, to go all-in on technologies from AI, semiconductors to advanced manufacturing, they said.
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