Industry journal L’Officiel des transporteurs reports 645 company insolvencies in the second quarter of 2025 alone: a stark reversal of the typical spring recovery pattern. The figures represent a 1.4% increase from the previous quarter and a 7% rise year-on-year, with insolvencies up 55% over two years.

The crisis extends beyond simple business closures. Business confidence in the road freight sector plummeted to 97.2 points in August, well below long-term averages, with 47% of company directors citing insufficient demand: an exceptionally high proportion that signals deep structural problems.

Employment in the sector has contracted by 1.1% over two years, leaving just 425,800 workers by the end of March 2025. Meanwhile, 632 freight…

Industry journal L’Officiel des transporteurs reports 645 company insolvencies in the second quarter of 2025 alone: a stark reversal of the typical spring recovery pattern. The figures represent a 1.4% increase from the previous quarter and a 7% rise year-on-year, with insolvencies up 55% over two years.

The crisis extends beyond simple business closures. Business confidence in the road freight sector plummeted to 97.2 points in August, well below long-term averages, with 47% of company directors citing insufficient demand: an exceptionally high proportion that signals deep structural problems.

Employment in the sector has contracted by 1.1% over two years, leaving just 425,800 workers by the end of March 2025. Meanwhile, 632 freight…

Triple Point’s Private Credit team has expanded its funding relationship with The Electric Car Scheme, a UK-based EV salary sacrifice provider, through the arrangement of a newly structured revolving credit facility. The facility will enable investment for continued growth, product innovation, and strategic expansion.

The Electric Car Scheme enables employers to offer EV salary sacrifice schemes to their employees, helping drive the transition to low-carbon vehicles by making them significantly more affordable. The company has grown rapidly since starting in 2020, and currently serves thousands of employers, and hundreds of thousands of employees across the UK.

Both Triple Point and ECS are certified B Corporations,…

TEMPO.CO, Jakarta – The Central Jakarta Commercial Court has officially declared bankruptcy against PT Sejahtera Bintang Abadi Textile Tbk (SBAT), Indonesian textile company based in Cicalengka, Majalaya, and Cikancung, West Java, Bandung.

The ruling came after the completion of the Suspension of Debt Payment Obligation (PKPU) process under case number 3/Pdt.Sus-PKPU/2025/PN Niaga Jkt.Pst.

SBAT’s controller, Tan Heng Lok, confirmed that the company had already halted operations in July 2024. In an information disclosure to the Indonesia Stock Exchange (IDX) on Wednesday, September 17, 2025, he said the bankruptcy ruling had no further impact on operations or the company’s viability, as activities had stopped months earlier.

The…

One of Sweden’s most iconic esports organisations, GODSENT, has officially entered bankruptcy. According to Fragbite, the Malmö District Court approved the bankruptcy filing earlier this month after the organisation’s holding company, Godsent AB, failed to settle its debts.

This news marks the end of a turbulent chapter for the organisation founded in 2016 by Markus “pronax” Wallsten, once home to legends like Jesper “JW” Wecksell, Robin “flusha” Rönnquist, and Freddy “KRIMZ” Johansson.

Long-standing financial issues

The cracks first began to show in early 2024 when GODSENT lost a crucial sponsor. The fallout left its roster unpaid for two months, eventually forcing players to leave. In 2025, a fresh team competed in…

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:

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“​We’ve poured our souls into this business, fighting through three major weather events and the unprecedented challenges of Covid-19 with brave faces and unwavering determination.

“We fought as hard as we possibly could, driven by our passion for cheese and our commitment to you, our incredible customers.”

Geoffrey Falloon of Biz Rescue was appointed liquidator of Cranky Goat Limited on August 31.

In his first liquidator’s report, Falloon detailed the reasons for the company’s liquidation, as advised by its directors.

In 2022, the directors had moved the home-based business to a large factory premises in Blenheim due to Covid, weather events and change of goat milk supplier.

However, the following year the cost of the lease…

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.

To enable cookies, follow the instructions for your browser below.

Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2….

Sometimes bad decisions look… spectacular. Other times… stupid.

Jey Gonzalez-Diaz apparently thought the best way to skip a $16,710 (about R290,000) gambling debt on a Royal Caribbean cruise was to leap straight into the ocean.

According to CBS News, Gonzalez-Diaz was on the Rhapsody of the Seas, returning from Barbados to the Port of San Juan on August 31. 

Around 9:15 a.m., just as the ship was docking and U.S. Customs was inspecting passengers, he decided to make a splashy exit.

Luckily for him (or maybe not), a passerby on a jet ski rescued him from the water.

Authorities later found Gonzalez-Diaz near the Puerto Rico Capitol Building, carrying $14,600 (roughly R254,000) in cash, two phones, and five IDs. 

He told officers he…

Ad hoc announcement pursuant to Art. 53 LR

Thun, Switzerland – September 19, 2025

Debt moratorium for Swiss companies of the Meyer Burger Group published

The silent debt moratorium previously granted to the three Swiss companies of the Meyer Burger Group will be continued as a regular provisional debt moratorium. This affects the parent company Meyer Burger Technology AG on the one hand and the two subsidiaries Meyer Burger Switzerland AG and…