Brazilian airline Gol released a revised five-year strategic plan on Wednesday as it prepares to exit chapter 11 bankruptcy proceedings, saying that the new forecasts would serve as a base for its reorganization, Reuters reported. Gol said in a securities filing that it expects to emerge from chapter 11 in May, and sees its net leverage "substantially improving" going forward as it rebuilds its network and returns to "normal levels" of core earnings by next year.

Any moves to pursue financial deregulation by the incoming U.S. administration would increase the risk of a financial crisis occurring one day, France's central bank governor warned on Wednesday, Reuters reported. U.S. President-elect Donald Trump's return to office has raised the prospect of radical changes to the U.S. regulatory framework built up over decades to oversee financial services and banking, as well as digital currencies.

As Christmas holiday bills arrive, nearly half of surveyed British Columbians are "teetering on the edge of financial insolvency," with 31 per cent saying they're already unable to pay their bills, TodayinBC.com reported. These figures appear in the latest MNP Consumer Debt Index, which finds a "sharp increase" of nine per cent to 46 per cent among British Columbians, who are less than $200 from not being able to pay their bills and debt payments each month. This increase wipes out the nine percent improvement from the last report.

The question of who owns the European unit of Sam Bankman-Fried’s former crypto enterprise appeared to be settled: Dubai-based Backpack Exchange said that it had purchased FTX EU after months of wrangling, Bloomberg News reported. Backpack, a crypto trading platform founded by one-time employees of Bankman-Fried’s FTX and Alameda Research businesses, said the $32.7 million acquisition would expand its derivatives offerings in the region. But according to the US-based FTX estate, the ownership situation is less clear.

Several members of Mexico’s central bank expressed concern about the inflationary impact of tariffs that could be imposed by US President-elect Donald Trump after he takes office on Jan. 20, Bloomberg News reported. Members of the Banco de Mexico board said that the 25% tariffs that Trump pledged in November to impose on Mexico and Canada have created additional uncertainty for the economy, according to the minutes of the Dec. 19 monetary policy decision published Thursday. Despite the board’s willingness to forge ahead with cuts, tariffs and other factors led to notes of caution.

Gokada, Nigeria’s largest-mile logistics delivery startup, has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Delaware in 2024, Tekedia.com reported. The filing highlighted significant financial difficulties, with liabilities exceeding $5.4 million against assets valued at just over $564,000. According to the court documents, Gokada principal assets include its 100% ownership in Gokada Rides limited, it’s Nigerian operational entity which it valued at $500,000, and $64,132.56 in cash held in a Silicon Valley bank account.

Backpack Exchange, a crypto trading platform founded by one-time employees of Sam Bankman-Fried’s FTX and Alameda Research businesses, has acquired the former European entity of the failed FTX exchange for $32.7 million to expand its derivatives offerings in the region, Bloomberg News reported. FTX EU was one of the business units that ended up as part of the bankruptcy after Bankman-Fried’s firm collapsed in 2022.

The U.S. Justice Department said on Tuesday it will share $50 million in forfeited assets with Estonia in recognition of Estonia's assistance in the successful prosecution of Danske Bank and related forfeiture, Reuters reported. The bank became the subject of several investigations after an internal probe in September 2018 uncovered about 200 billion euros ($207 billion) of payments made through its now-shuttered Estonian branch, with many payments appearing suspicious.