Their Role in the European Debt Crisis

Key Takeaways PIIGS stands for Portugal, Italy, Ireland, Greece, and Spain, countries representing weaker eurozone economies during the European debt crisis. The 2008 financial crisis exposed vulnerabilities in PIIGS countries, leading to fears of debt default. The EU approved a 750 billion euro stabilization package in 2010 to support PIIGS economies. Critics argue that economic…

Debt Raise And Rubik’s Licensing Deal Could Be A Game Changer For Brightstar Lottery (BRSL)

In early December 2025, Brightstar Lottery PLC completed a US$750,000,000 5.75% senior secured notes issuance due January 15, 2033, while Spin Master Toys UK Limited announced a five-year exclusive global licensing agreement enabling Brightstar to develop Rubik’s-themed omnichannel lottery games. Together, the fresh debt capital and Rubik’s Cube licensing deal expand Brightstar’s financial flexibility and…

Car imports via baggage banned

Fuel prices to go up Rs2.56/litre as ECC tightens auto import rules, PIA gets bailout ISLAMABAD: The government on Tuesday banned the import of used cars under the baggage scheme and tightened restrictions for the other two schemes, including a minimum three-year stay abroad, restricting competition for foreign firms in breach of commitments made to…