Canada’s government formally told the global automaker Stellantis on Thursday that its transfer of the production of its Jeep Compass from a suburban Toronto plant to Illinois meant that the company had defaulted on contracts covering hundreds of millions of dollars in assistance, the New York Times reported. “Stellantis is on the hook,” Mélanie Joly, the Canadian industry minister, told a parliamentary committee after announcing that the government had served the company with a “notice of default” on Thursday.

Canacol Energy Ltd., a Canadian natural gas exploration and production company with operations in Colombia, has formally requested that the Colombian Superintendencia de Sociedades (Superintendency of Corporations) recognize its ongoing Canadian insolvency proceedings, FinanceColombia.com reported. The objective of the petition is to suspend all execution processes and protective measures that could affect the continuity of its operations in Colombia. The request, submitted by KPMG INC.

The European Bank for Reconstruction and Development (EBRD), in its recently released Regional Economic Prospects report, cites the uncertainty surrounding trade policies among the main reasons for revising global growth projections for 2025 from 3.5% to 3.2%, EuroNews reported. The US government has now threatened 25% tariffs on Canadian and Mexican imports and doubled levies on Chinese goods to 20%. While the direct effects of these policies have been widely discussed, the consequences for other countries remain unclear.

Country Garden, once one of China’s largest property developers, on Tuesday received U.S. bankruptcy court recognition for its Hong Kong restructuring plan, WSJ Pro Bankruptcy reported. Judge Philip Bentley of the U.S. Bankruptcy Court for the Southern District of New York said he is satisfied that the company’s principal place of business is in Hong Kong, a key finding required for a foreign restructuring plan to seek U.S. recognition. The recognition of Country Garden’s Hong Kong restructuring plan under chapter 15 of U.S.

Elliott Investment Management's affiliate Amber Energy plans to keep Citgo Petroleum's refineries, terminals and other connected assets once it takes over the Venezuela-owned U.S. refiner, following the completion of a court-ordered auction, sources close to the preparations said, Reuters reported. A Delaware court last week approved Amber's $5.9 billion bid for Citgo's parent PDV Holding and ordered the sale of PDV's shares, wrapping up an auction aimed at compensating creditors for debt defaults and expropriations in Venezuela.

As Canada turns to stablecoin regulation, Scotiabank argued that the move is unlikely to shake domestic markets, CoinDesk.com reported. Any framework is really about upgrading payment speed, efficiency and 24/7 settlement, rather than managing systemic risk, economist Derek Holt wrote in last week's report. In November, the government committed itself to legislation that will regulate stablecoins backed by the Canadian dollar. It follows in the footsteps of the U.S. which passed a law to govern stablecoin issuers in recent months.

A U.S. judge on Saturday authorized the sale of shares in the Venezuela-owned parent of Citgo Petroleum to an affiliate of Elliott Investment Management, following his approval earlier this week of a $5.9 billion bid from the company in a court-organized auction to pay Venezuela-linked creditors, Reuters reported. The sale order is the last major legal step to wrap a two-year auction aimed at paying up to 15 creditors for debt defaults and expropriations in the South American country.

The United ​States on Wednesday said ‌it was extending into November ‌2026 tariff exclusions that had been due to expire later this month ⁠related to ‌a probe of China's practices on ‍technology transfer and intellectual property, Reuters reported. "The extension of ​the exclusions follows the ‌historic trade and economic deal reached between President Trump and President Xi Jinping of China announced ⁠by the White ​House on ​November 1, 2025," the Office ‍of ⁠the U.S.

The families of 300 U.S. citizens hurt or killed in the Oct. 7 attack on Israel sued Binance, claiming the cryptocurrency exchange aided Hamas and other terrorist groups by transferring more than $1 billion among accounts they controlled, the New York Times reported. The lawsuit, filed in federal court in North Dakota on Monday, comes about a month after President Trump pardoned Changpeng Zhao, Binance’s founder, who was convicted of money laundering in 2023.

Ireland wants to help Canadian tech companies scale up across the Atlantic Ocean, its enterprise minister told The Logic, as the country gets ready to shepherd new regulations on artificial intelligence through the European Union next year. Peter Burke, Ireland’s minister for enterprise, tourism and employment, was in Toronto and Ottawa last week on a mission to expand trade and investment with Canada—especially through greater connections in the tech sector.