US firm Ample enters Chapter 11 insolvency

Ample, a San Francisco-based company, aimed to become a key player in the battery-swapping sector. However, the firm has now filed for Chapter 11 insolvency in the Southern District of Texas. Despite raising a total of $330 million over its lifetime, Ample has reportedly faced liquidity issues in recent times, primarily due to ‘the challenging…

Höfner blames effects of US tariffs for bankruptcy, but “business operations will continue” throughout administration

Höfner has given an update on its recent bankruptcy filing, stating that “business operations will continue” throughout the administration process. It has also cited the effects of a challenging export market, particularly due to the recent hike in US tariffs rates. A new press release from the German guitar and bass manufacturer adds some context…

Decoding the Big Gains of Bharat’s Ethiopia Outreach

“From Debt Relief to Data Centres: Decoding the Big Gains of India’s Ethiopia Outreach”, India Narrative, december 18, 2025 “Indian Prime Minister Narendra Modi’s visit to Ethiopia marked a qualitative jump in the relationship, upgrading it to a “Strategic Partnership” and tying together trade, security, technology, and people-centric development. The outcomes listed by both governments…

Kazakhstan establishes State Debt Management Council

ASTANA, Kazakhstan, December 22. Kazakhstan has established a State Debt Management Council, Trend reports, citing the country’s Ministry of Finance. The Council was created through a collaboration between the Ministry of Finance, the National Bank, and the Ministry of National Economy of Kazakhstan. The decision to establish the Council is part of the implementation of…

ASIC obtains orders against fraudulent debt relief company

The Australian Securities and Investments Commission (ASIC) has obtained interim orders and injunctions against Debts Knockout, which provided financial services through Debt Wipeout, for making false or misleading representations. Debt Wipeout advertised on billboards, shop-a-dockets, websites, social media and in person with claims it could “extinguish” consumer debt for an up-front payment of 15%-25% of…