Headlines

Laurentian University has sold the historic Bell Mansion to a local Sudbury developer for $1.25 million. The university listed the building, which previously served as home to the Art Gallery of Sudbury, following an insolvency in 2021. Earlier this year, Laurentian finalized a $53.5-million deal with the province to sell several buildings on campus, including the East Residence building, the Northern Ontario School of Medicine building, and a security and maintenance building (along with the adjacent parking lots).

Ludwig Sandgren, the former owner of GODSENT, has criticised the handling of the esports organisation’s bidding process when finding a potential buyer, Esports Insider reported. The Swedish organisation entered bankruptcy in September due to financial struggles following the loss of a sponsor. On November 3, 2025, Ludwig Sandgren confirmed reports of GODSENT filing for bankruptcy in addition to announcing his departure from the esports industry.

The Management Board of the National Bank of Ukraine has decided to classify JSC “RVS Bank” as insolvent, Mezha.net reported. According to the regulator’s press service, the corresponding decision was published on 4 November 2025 under No. 398-rsh/BT. It noted that previously the bank had been in the troubled category, but continued risky activities and violated prudential norms, in particular capital adequacy norms. At the same time, the management and owners of a significant stake did not take measures to prevent insolvency.

The agency group detailM GmbH, which included the affiliate network belboon and the SEO agency seo2b GmbH, most recently employed around 160 people. In April of this year, the group filed for insolvency, according to a company press release. seo2b GmbH, based in Trier, was founded in 2013 and developed over the years into one of the leading agencies in the field of search engine optimization. In 2018, ARCUS Capital AG, together with co-investors, acquired a majority stake in detailM GmbH, which included belboon GmbH and the newly acquired seo2b GmbH.

Nidec Corp. secured a ¥600 billion ($3.9 billion) credit line from MUFG Bank Ltd. and SMBC, easing concerns about potential liquidity strains at the maker of precision motors amid an ongoing probe into accounting issues, Bloomberg News reported. The commitment line agreement comprises two bilateral contracts of ¥300 billion each, unsecured and unguaranteed, with a contract period valid for one year from Nov. 7. Nidec’s stock rose as much as 5% early Wednesday.

Canada said Tuesday it intends to run wider deficits to finance spending and tax measures aimed at unleashing the massive private-sector investments the economy needs to rebuild amid a protectionist U.S., the Wall Street Journal reported. To offset some of the elevated costs, Prime Minister Mark Carney’s government said it would cut the size of the federal public-sector workforce by about 5%, or 16,000 jobs.

The European debt crisis of the early 2010s created an image of a continent cleaved in two: The fiscally responsible core countries led by Germany versus the spendthrift southern periphery of Portugal, Italy, Greece and Spain. Nowadays, there has been a role reversal. Europe’s three biggest economies are stuck in a cycle of weak growth, leading to widening budget deficits. France is the epicenter of this shift and remains mired in a budget and political crisis, while the U.K. is weighing tax rises to try to narrow the gap and avoid spooking markets.

The European Parliament began debating on Tuesday whether to make the EU-U.S. tariff deal conditional on concessions from Washington and limited in time, which could reignite trade tensions with the Trump administration, Reuters reported. Under the deal, the United States is broadly imposing 15% tariffs on EU goods, while the European Union removes many of its duties on U.S. imports, a step that the European Parliament and EU governments need to approve.

From the launch of new products and services in Japan to facilitating leveraged trading bets, crypto exchanges and some financial firms are rushing to cash in on rising investor enthusiasm for digital assets amid hopes of easing regulations, Reuters reported. The recent surge underscores a higher appetite for riskier investments in Japan as inflation outpaces wage growth and overrides a wariness around crypto investments that followed serious security breaches at exchanges in 2014 and 2018.