UK gambling support charity GamCare reports that gambling debts have soared to more than £5m since January, with the “number of people seeking financial guidance since the start of 2025 already higher” than all of last year.

GamCare, the founder of the National Gambling Helpline, noted that this year’s gambling debts to date have nearly doubled all of 2024. Summer has been busy with the number of participant registrations doubling year-on-year in June, July, and August. Additionally, August marked the highest number…

Greek Prime Minister Kyriakos Mitsotakis said there’s movement among European Union members to issue joint debt to boost the bloc’s defense spending.

“There’s much more momentum among my colleagues,” Mitsotakis said in an interview with Bloomberg Editor-in-Chief John Micklethwait. “Some of the countries that were against the idea of further borrowing have changed their minds.”

YT Industries has suspended most of its operations and released the majority of its employees as the German mountain bike brand undergoes insolvency proceedings, CEO and founder, Markus Flossman confirmed in a statement.

The company entered into self-administration in July after its main shareholder, a private equity investor, announced it would no longer finance the business. This left YT three months to secure a new backer, the company said in the statement.

“Unfortunately, the offers we received were an absolute joke and not worth considering,” Flossman said.

“That’s why I decided to buy the company back myself. The creditors’ committee has already approved my offer, and we are now in the process of finalising the…

Company director – Breach of duty – Solicitor — Dishonest assistance – Defendant firm of solicitors instructed by claimant company to act in relation to series of property transactions – Claimant bringing proceedings against defendant in respect of funds passing through defendant’s client account – Whether defendant through partner in firm dishonestly assisted breaches of fiduciary duty by claimant’s former directors – Claim allowed

The claimant was a company in liquidation, acting by its joint liquidators. It was established to convert a former hotel building in Bristol into student accommodation with funds obtained from investors. It went into liquidation, without taking any steps to acquire or convert the building,…

The Supreme Court on Friday overturned its earlier decision ordering liquidation of Bhushan Power and Steel (BPSL), restoring approval to JSW Steel’s Rs 19,700-crore resolution plan.

The bench headed by Chief Justice BR Gavai, along with Justices SC Sharma and K Vinod Chandran, stressed that the commercial wisdom of creditors must be given primacy and not interfered with lightly. It also criticised attempts by erstwhile promoters to stall the proceedings, noting that they had lost control of the company once insolvency was initiated.

Upholding creditor’s commercial wisdom and finality

The ruling brings an end to months of uncertainty triggered by a two-judge bench verdict on May 2, which had scrapped the JSW plan on grounds of…