The chemical industry in eastern Germany faces heightened uncertainty following the suspension of operations at Domo Chemicals' three sites in Saxony-Anhalt and Brandenburg, The Munich Eye reported. The Belgian-based company, which specializes in plastics production, has halted manufacturing activities due to unresolved insolvency proceedings and failed financial negotiations. According to official statements, the future of the Leuna site, a key hub for Domo's German operations, remains undetermined.

While airline bankruptcy news in the U.S. have been dominated by Silver Airways and Spirit Airlines, a number of smaller airlines from around the world have also struggled to the point of having to cease operations over the last year, The Street reported. Founded as a charter and cargo airline meant to link the Western European nation with China, Air Belgium was accruing annual losses of €22 million (roughly $24 million USD) at the time it filed for bankruptcy protection and was ordered to go into liquidation.

On Monday, hundreds of consumers flocked to the Casa store in Mechelen, Belgium, eager to take advantage of significant discounts as part of the store's total liquidation sale, The Pinnacle Gazette reported. Customers began gathering outside the store as early as 8:00 AM, and by the time the doors opened at 10:15 AM, a line stretching approximately 100 meters had formed. The Casa liquidation, featuring a remarkable 50% off all items, is being conducted across the ten most successful branches of the chain and is supervised by VH Auctions.