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Nacon subsidiaries Spiders, Kylotonn, Cyanide, and Nacon Tech have filed for insolvency, GamesIndustry.biz reported. As Game Developer reports, the France-based studios have commenced reorganisation proceedings at the Lille Métropole Commercial Court. Spiders is known for working on Greedfall franchise, Kylotonn oversees the World Rally Championship series, and Cyanide worked on the Styx and Blood Bowl franchises. All of the developers are based in Paris.

The Supreme Court on 15.01.2026, clarified the scope of admission of insolvency proceedings under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), holding that once the existence of financial debt and default is established, the Adjudicating Authority must admit the application and cannot refuse admission on considerations such as project viability, stage of completion, or the possible impact on homebuyers, The Times of India reported. A Bench of Justice J.B. Pardiwala and Justice R.

Goeasy said on Tuesday it had secured waivers from lenders linked to certain financial covenants for the fourth quarter, easing the pressure on the Canadian non-prime consumer lender after it disclosed a big charge-off and write-downs, Reuters reported. Shares of the company rose 4% in morning trading as the relief helps it avoid raising additional equity. The Ontario-based company was at the risk of breaching several covenants after flagging about C$178 million ($129.61 million) in charge-off and other write-downs tied to its LendCare unit.

Two Dubai property developers have seen their Islamic bonds, or sukuk, fall into distressed territory, with investor concern mounting over credit quality and refinancing risks as the war in the Middle East rolls on for a fourth week, Bloomberg reported. Six dollar-denominated sukuk issued by property firms are indicated at distressed levels or trading with a yield spread of over 1,000 basis points above the risk-free rate, according to data compiled by Bloomberg. In total, they represent about 15% of dollar real estate bonds in the Middle East.

European technology companies with a total value of 1.2 trillion euros (1.4 trillion US dollars) have been listed on overseas exchanges or ultimately acquired by foreign buyers over the past decade, Bitget.com reported. The research, conducted jointly by Swedish private equity group EQTAB and consulting firm McKinsey, recorded approximately 700 billion euros in acquisitions by non-European companies and technology company IPOs between 2014 and 2025. As of January, the value of these companies was estimated to have soared to around 1.2 trillion euros.

China said on Wednesday that Mexico's trade measures against it, including tariff increases, ​constitute trade and investment barriers and that it had ‌the right to take countermeasures, Reuters reported. The import duty hikes affect more than $30 billion worth of Chinese exports to Mexico, and could lead to estimated losses ​of about $9.4 billion to China's mechanical and electrical sectors, ​the Chinese Ministry of Commerce said in its conclusion ⁠of an investigation into the measures.

For a glimpse of how much higher energy prices could still soar, look beyond the prices Wall Street analysts normally track for West Texas Intermediate in the U.S. and Brent in Europe, the Wall Street Journal reported. At the center of the supply squeeze in the Middle East, traders are paying an eye-watering $160 a barrel for the Emirati oil that can dodge the Strait of Hormuz, far above those global benchmarks. Those sky-high prices, traders say, are a harbinger of where the rest of the market could be heading if the Persian Gulf isn’t reopened soon.

Many Japanese banks in the countryside are struggling due to a shrinking population, but at a tiny credit union in the northernmost tip of the country, the situation is extreme, the Japan Times reported. Wakkanai Shinkin Bank serves customers in the city of the same name in northern Hokkaido. Once a bustling fishing hub, it has seen the number of residents roughly halve from its peak in 1964.

The Brussels business tribunal has approved insolvency proceedings requested by the Brussels-based club "Madame Moustache," its manager announced on Wednesday, The Brussels Times reported. Maud Partouche, the club’s manager, expressed relief and joy over the decision, which aims to help the establishment recover from debt incurred following a ceiling fire in September 2022. The club now has four months to present the tribunal with a financial plan acceptable to its creditors, outlining measures to reduce its debts and spread repayments over five years.

U.S. import prices rose in February, driven by higher prices for both fuel and nonfuel imports, data from the Bureau of Labor Statistics showed on Wednesday, the Wall Street Journal reported. Overall import prices rose 1.3% in February, higher than the upwardly revised 0.6% increase in January, the data showed. Year-on-year prices were up 1.3%, the BLS said. Import prices exclude duties, such as tariffs imposed on imports by the Trump administration, as well as transportation costs.