New Fortress Energy, a U.S. liquid natural gas (LNG) infrastructure firm, is considering restructuring its $9 billion debt via a U.K. “scheme of arrangement” rather than filing for chapter 11 bankruptcy in the U.S., according to Bloomberg News. This court-supervised U.K. process could be cheaper and less disruptive to the company’s contracts than a typical U.S. bankruptcy proceeding.

One-time Irish property mogul Seán Dunne’s long-shot effort to delay distribution of more than $16 million in assets from his decade-plus bankruptcy case in the United States succeeded on Tuesday, the Irish Times reported. After hearing more than hour of argument from Mr. Dunne and lawyers for the U.S. bankruptcy trustee, Judge Julie Manning said that she would hold off on approving the final report and distribution of the funds until she reviews the record and rules on issues Mr. Dunne raised. Mr.

The Bank of Canada reduced its key overnight interest rate to 2.25% on Wednesday, as widely expected, and signaled this could mark an end to its cutting cycle unless the outlook for inflation and economy changed, Reuters reported. The 25 basis point cut, the second in row, brings down the rate to the lowest since July 2022. Governor Tiff Macklem said the easing was designed to help the economy deal with the disruption done by U.S. tariffs while keeping inflation close to the bank's 2% target. In January the bank had forecast the economy would grow by 1.8% in both 2025 and 2026.

US President Donald Trump and South Korean President Lee Jae Myung finalized a trade deal Wednesday, capping months of negotiation over implementation of a framework agreement struck in July, Bloomberg News reported. The deal will see Seoul make $150 billion in shipbuilding investments, with an additional $200 billion earmarked for an investment pledge designed to look like a similar agreement with Japan, South Korea Policy Chief Kim Yong-beom said Wednesday. That suggests South Korea can use not only equity but loans and loan guarantees to fund the investment package, a key concession.

Swiss software company LzLabs GmbH sought US bankruptcy court recognition of its foreign insolvency case to halt patent infringement litigation brought by tech giant IBM and preserve its stateside intellectual property, Bloomberg Law reported. LzLabs faces severe financial distress following a 20 million pound ($26.7 million) UK judgment issued in IBM’s favor in March as well as IBM’s parallel US suit, the company said in a Chapter 15 bankruptcy petition filed on Oct.

Canadian artificial intelligence company 3MotionAI Inc. is seeking U.S. bankruptcy court recognition of its Ontario insolvency case and aims to halt a competitor’s noncompete litigation in Delaware, Bloomberg Law reported. 3MotionAI is looking to pause a suit brought by VelocityEHS Holdings Inc. as it prepares to sell its assets, according to a chapter 15 petition filed on Thursday in the U.S. Bankruptcy Court for the District of Delaware.

Donald Trump has said he is adding 10% to US tariffs on goods imported from Canada, after the province of Ontario aired an anti-tariff advertisement featuring Ronald Reagan, BBC.com reported. Calling the advert a "fraud", the US president lashed out at Canadian officials for not removing it ahead of the World Series baseball championship. Prime Minister Mark Carney said in response that Canada was ready "to continue to build on the progress we had been making" in trade talks, but added that it was developing trade relationships with other countries.

Mexican President Claudia Sheinbaum said on Monday she spoke with U.S. President Donald Trump on Saturday and that the two countries will extend a trade deadline for "a few more weeks" to discuss pending issues with Washington, Reuters reported. The U.S. agreed in July to pause for 90 days an increase in tariffs on some Mexican goods to 30% pause to continue talks over that period with the goal of signing a new trade deal.

Global public debt is rising faster than at any point in modern history, and this time, it is not just the historically large spenders driving it, EuroNews.com reported. The International Monetary Fund’s latest Fiscal Monitor warns that the public finances of major powers, led by the United States, have become a systemic global risk. "Although the number of countries with debt above 100% will be steadily declining in the next five years, their share in world GDP is projected to rise," the report stated.

President Donald Trump said he would immediately halt all trade negotiations with Canada, citing a Canadian advertisement against his signature tariffs plan featuring the voice of former President Ronald Reagan, Bloomberg News reported. “TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE U.S.A.,” Trump wrote on his Truth Social platform.