Headlines

A German high court rejected a claim from shareholders in defunct payments company Wirecard who were seeking a bigger share of the firm's remaining assets, Reuters reported. The company collapsed in 2022 in the country's biggest post-war fraud after conceding that 1.9 billion euros ($2.22 billion) it had booked in its accounts likely never existed.

Canada’s latest insolvency data shows household financial strain continuing to climb, WealthProfessional.ca reported. New figures from the Office of the Superintendent of Bankruptcy report a 4.8% year-over-year increase in consumer insolvencies in Q3 2025, reaching 36,256 filings and marking the highest quarterly total since 2009 and the third-largest since tracking began in 1987. Filings also rose 3.3% from the previous quarter. Wesley Cowan, licensed insolvency trustee and vice chair of CAIRP says these numbers reflect real financial pain affecting Canadian households.

The International Monetary Fund said it is assessing the viability of Senegal's financing strategy as it looks to finalize an agreement on reforms to underpin a new program, an IMF official said on Thursday, Reuters reported. A team of officials from the IMF completed a mission to Dakar without outlining a new support package after the previous one was suspended following findings of debt misreporting. Political infighting and disagreements with the Fund over a possible debt restructuring have weighed on the country's bonds.

Ranjan Pai-led Manipal Education & Medical Group Pvt. Ltd. has submitted a second bid to acquire Byju's parent Think & Learn Pvt. Ltd. under insolvency, in what is seen as a move to wrest control of Aakash Educational Services Ltd.—a profitable test-prep coaching centre that Byju's acquired in 2021, the Hindustan Times reported.

Kadewe renewed its top management with talent from PVH Corporation as Sandra Swiderski will take over as the managing director of the Berlin-based company, Modaes.com reported. The appointment comes a year after the group went into court after declaring insolvency. The German-based Kadewe Group owns the department store of the same name, and its portfolio also includes the Oberpollinger shopping center in Munich and the Alsterhaus complex in Hamburg. The Kadewe Group went to court in January last year after declaring insolvency.

India's cabinet has approved spending 450.6 billion rupees ($5.1 ​billion) on support for exporters, including 200 billion rupees in credit guarantees ‌on bank loans, Information Minister Ashwini Vaishnaw said on Wednesday, Reuters reported. The plan includes the allocation of 250.6 billion rupees ‌over six years for affordable trade finance for small exporters, logistics and market support under an export promotion package to help offset the impact of recent U.S. tariff hikes. The new U.S.

The U.K. has long been torn between two mutually exclusive desires: Voters want European levels of welfare with American levels of taxation, the Wall Street Journal reported. By accident or design, that debate is slowly being resolved in the direction of higher taxes, as Britain’s Labour government prepares its second major tax increase in as many years. The U.K. is confronting an issue facing growing numbers of rich nations: How to pay for rising government spending without taking on ever more debt and spooking financial markets. In the coming weeks, U.K.

Singapore’s financial regulator is preparing to introduce new rules for stablecoins and expand central bank digital currency (CBDC) trials as part of a broader effort to build out its framework for digital assets, Decrypt.com reported. The Monetary Authority of Singapore’s (MAS) managing director, Chia Der Jiun, said Thursday that stablecoins could play a key role in future financial networks if they are properly supervised. “Unregulated stablecoins have a patchy record of keeping their peg,” Chia told the Singapore FinTech Festival 2025.

The Czech National Bank (CNB) on Thursday announced the creation of a $1 million test portfolio that includes bitcoin, a USD stablecoin, and a tokenized deposit, CoinDesk.com reported. Approved by the bank board on Oct. 30, the pilot is designed to give the central bank hands-on experience with blockchain-based assets, which it says could reshape how payments and financial systems operate in the future. The total amount invested will not be actively increased, said the bank, and the acquisition was made outside of the bank's existing international reserves.

Brazilian state-run lender Banco do Brasil on Wednesday lowered its outlook for adjusted net income this year, citing higher funding expenses and rising defaults among local farmers, Reuters reported. The bank now expects annual net income of 18 billion t o 21 billion reais ($3.33 billion-$3.89 billion), down from a previous forecast of 21-25 billion reais. Banco do Brasil, long seen as a pillar of farm credit in the country, has been grappling with record default levels in its agribusiness portfolio, which hit results and raised investor concern over its exposure to the sector.