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Keywords: Bankruptcy
Artificial intelligence startup Character.ai has filed for voluntary Chapter 11 bankruptcy protection in the United States and agreed to a proposed $20 million sale of certain assets to The Walt Disney Company, according to a report by Reuters published on October 13, 2026. The proceedings are intended......
SpaceX is reportedly exploring the possibility of acquiring customer and operational data from struggling or defunct companies as it seeks additional material to train its artificial intelligence systems, including Grok. According to reports citing people familiar with the discussions, the idea remains......
A billionaire aviation executive based in Dubai has warned that airlines around the world could begin filing for bankruptcy within weeks if the war in Iran continues to drive jet fuel prices higher, even as the shipping industry posts record profits fueled by the same geopolitical upheaval. Gediminas......
Russia’s Supreme Court has upheld a lower court ruling ordering Google to pay 91.5 quintillion roubles, roughly $1.2 quintillion, in penalties for blocking Russian state media channels on YouTube. The decision, confirmed on February 18, rejected a cassation appeal filed by Google International......
Russia’s oil sector is entering its deepest crisis in decades as Western sanctions drive export prices sharply lower and push smaller producers toward insolvency, threatening a central pillar of the Kremlin’s wartime economy. State lender VTB is preparing to file for bankruptcy against First......
One of Iran’s largest private banks, Ayandeh Bank, has been officially declared bankrupt by the Iranian authorities, according to state media on Saturday. Founded in 2012, the institution—whose name means “future” in Persian—operated more than 270 branches across the country......
FTX, the once-dominant cryptocurrency exchange that collapsed in 2022, is set to distribute $1.6 billion to creditors starting September 30, 2025. This marks a significant milestone in the ongoing U.S. bankruptcy proceedings, with repayments overseen by a court-appointed recovery team. A structured......
SchwuZ, known as Germany’s oldest and largest gay nightclub, has filed for bankruptcy after nearly 50 years of operation. The beloved Berlin institution, founded in 1977 in Kreuzberg, played a vital role in shaping the city’s LGBTQ+ culture and nightlife. Now based in Neukölln since......
Dalian, China – April 15 – When a Chinese pork company filed for bankruptcy in 2019, it shocked Alan Hill, a retired Apple executive from Albuquerque. He had invested around $100,000 in Dalian Chuming Meat Processing through Energroup Holdings, a U.S.-listed firm. While the company had stopped......