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.

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.

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.

Canacol Energy Ltd. announced that the it and certain subsidiaries filed for relief under chapter 15 of the U.S. Bankruptcy Code in the Bankruptcy Court for the Southern District of New York, according to a press release. The petitions for relief seek recognition of the Company’s Canadian proceeding commenced under the Companies' Creditors Arrangement Act, or CCAA, in the Court of King’s Bench of Alberta as a foreign main proceeding. At a hearing held on November 20, 2025, the U.S.

A U.S. bankruptcy court has held Byju’s founder, Byju Raveendran, in default and ordered him to pay more than $1 billion after ruling that he obstructed discovery in the case involving the missing Alpha Funds, the Economic Times of India reported. The court issued the default ruling after finding that Raveendran consistently ignored orders and failed to participate in the proceedings, following a motion for default that the lenders filed on August 11. “The court acknowledges that the relief granted herein is extraordinary.

The United States on Monday demanded that the European Union make its regulation of the tech sector more "balanced" in exchange for a reduction of U.S. tariffs on steel and aluminium imports from the bloc, Reuters reported. At a meeting in Brussels, EU ministers urged U.S. Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer to implement their July trade deal, with cuts to U.S. tariffs on EU steel and their removal from EU goods such as wine and spirits.