July 12, 2024

The Daily Bankruptcy News

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Law:

BigLaw firm confirms staff layoffs with ‘generous separation packages’
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Top 50 Biglaw Firm Recruits Team Of Lawyers Away From Competitor To Open Up New Office
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Leading Law Firms To Combine, Creating Regional Powerhouse
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Major Biglaw Firm Fired Partner Over 'Serious Misconduct'
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Cooley’s Chicago Partners Moonlight in Cities Across the Midwest
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Hybrid work is now the norm, but attendance requirements rarely enforced: CBRE
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Vault Rankings: Top Midsize Law Firms By Regional Prestige (2025)
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72% of Americans say the U.S. used to be a good example of democracy, but isn’t anymore
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Biglaw's Big Billing Bonanza
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Biglaw Paralegal To Compete In 2024 Summer Olympics
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Ex-Kasowitz Partner Accuses Law Firm of Stiffing Him on Pay Deal
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UK: Leaked Trowers salary bands shine light on City pay
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Faux Biglaw Lawyer Pleads Guilty To Social Security Fraud, Gets Prison Time
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'Exhausted' Kirkland & Ellis partner filmed by colleagues
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Weil Gotshal Opening Up Not One, But Two New California Offices
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A&O Partners Earned £2.2 Million Year Ahead of Shearman Merger
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Top Biglaw Firm Announces Record Revenue Of More Than $2 Billion
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Michael Best Merges With Southern California Venture Law Firm
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A Black jobseeker said he used a white-sounding name to land a job interview. Now he's suing.
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Ex-Clifford Chance associate who touched colleague banned from law
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Lawyer’s sexual ‘banter’ forced secretary to quit, tribunal rules
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After lawyers exceed status-letter limit by ‘whopping’ 70 pages, judge sees echoes of fictional Jarndyce case
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Need help? Alternative legal services providers are an option
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Fennemore aims to expand talent pool with new remote-work program
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Mueller team's book to reveal inside story of Trump-Russia investigation
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SCOTUS upended gun laws nationwide; mass confusion has followed
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House set to vote on Rep. Luna's inherent contempt push on Merrick Garland Luna push to fine Garland $10,000 per day over Biden-Hur tapes fails
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GOP jump-starts 2024 election challenges
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Michael Cohen asks SCOTUS to let him sue Trump for retaliatory arrest over tell-all book
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Trump now says SCOTUS immunity voids his entire hush-money indictment, not just his conviction
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A Trump Ally Is Training 75 Armed Citizens. Is That a Militia?
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Why Trump Supporters Keep Avoiding Convictions on Election Charges
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GOP jump-starts 2024 election challenges with Trump-inspired lawsuits
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Senate committee to probe Supreme Court's Trump immunity ruling
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Giuliani hearing devolves into chaos as judge signals bankruptcy dismissal Rudy Giuliani Loses His S--- During Bankruptcy Hearing Judge signals he’s likely to dismiss Rudy Giuliani’s bankruptcy case Hear why judge threatened to cut Giuliani’s mic Giuliani shouts in bankruptcy court as lawyer floats 'putting America's Mayor in prison' Judge says Rudy Giuliani bankruptcy case likely to be dismissed. But his debts aren't going away Giuliani, Fighting DC Disbarment, Defends Work for Trump To save law license, Giuliani says 'perhaps' negligent 2020 election case only hurt Trump Ga. election workers keep up their fight for funds from Giuliani Rudy Giuliani Facing Slew Of Post-Bankruptcy Legal Problems Rudy Giuliani Has Undervalued His World Series Rings — Bankruptcy Attorney
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ACLU's Blueprint to Constrain Trump
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After Chevron: 8 policies that could be vulnerable to new legal challenges
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Baldwin 'Rust' trial begins with opening arguments Alec Baldwin cast as reckless flouter of rules at his trial in cinematographer’s shooting Court rules are quickly ignored during Alec Baldwin 'Rust' trial Opening statements in Alec Baldwin manslaughter trial offer vastly different narratives 'Rust' armorer expected to testify Friday in Alec Baldwin trial
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Oregon police recover over $200,000 worth of Lego sets in massive bust
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3 Lev Tahor Cult Leaders Sentenced To More Than A Decade In Prison
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State trooper charged in high-speed crash that killed high school cheerleader
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After 200 death row exonerations, will we finally put an end to the death penalty?
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House passes bill to ban noncitizens from voting in federal elections
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‘The United States wins’ if Menendez is acquitted, his attorney says Menendez was a ‘bribed man,’ prosecutor says in closing statement
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Hotel operator fires ‘hotel associates’ involved in the death of Black man pinned to the ground
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Caregiver faked Stage 4 cancer to delay trial for stealing thousands from elderly patients
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Former cook at San Francisco's secretive Bohemian Club alleges illegal activity
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Judges:

Boies Backs Ex-Bankruptcy Judge ‘Immunity’ in Relationship Suit
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Ex-Weil Partner to Be Sworn in as Bankruptcy Judge Next Week
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Federal judge who banned female prosecutor from his courtroom won’t face discipline after giving up cases
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Supreme Court term showed justices’ ‘project’ to reallocate power, lawyers say
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‘The Justices Dropped This Bomb’: Three Legal Experts on a Shocking Supreme Court Term
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Disgraced Judge’s Exit Leaves Alaska Federal Court Short-Handed
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Prosecutor Demoted After Sending Judge Nude Photos
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Misconduct Findings Against Judge Prompt Clerk Safety Questions
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AOC unveils articles of impeachment against Justices Thomas and Alito
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Justice Clarence Thomas might actually face consequences for those undisclosed trips from billionaire Harlan Crow Senators Seek Special Counsel For Thomas' Gifts
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Democratic lawmakers seek criminal investigation of Justice Thomas
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No Big Deal... Just Clarence Thomas Using GOP Donor Money To Visit Russians Clarence Thomas' Yacht Trip to Russia Raises Questions Clarence Thomas accepted a free yacht trip to Russia and got flown out on a complimentary helicopter ride to Putin's hometown, 2 Democratic senators say
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Sexual Harassment Rocks The Federal Judiciary Again. It’s Time For A Reckoning.
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D.C. District Court Rules Against Pauline Newman
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Wall Street:

Stock futures are flat after S&P 500 suffers worst day since April
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Layoffs:

CNN boss lays out plans for digital future, layoffs to come
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Rise of the Restaurant Robots: Chipotle, Sweetgreen and Others Bet on Automation
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Redbox owner to shut down kiosk business, fire 1,000 employees As Redbox Collapses, 1,000 Employees Haven’t Been Paid, Judge Says
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40 percent of recent Nike layoffs impacted top positions
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John Deere announces another 345 layoffs in Waterloo
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CNN To Reduce Staff By About 100
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Top 100 Biglaw Firm Announced Layoffs For Operations Staff
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Intuit to Cut About 1,800
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Software company UiPath announces layoff of 400 employees
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Utilities:

Federal judge orders mediation to break impasse over Puerto Rico power company debt Judge pushes PREPA, creditors to negotiate deal in 60 days
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Frustrations rise amid continued power outages in Houston after Beryl Biden, Texas Officials Spar Over Beryl Response as Power Outages Persist - WSJ Where is Texas Gov. Greg Abbott? And why was Dan Patrick acting governor during Hurricane Beryl? No Shops, No Gas: Large Swaths of Houston Are Still in the Dark Anger mounts in Texas as power outages turn deadly Beryl will ultimately lead to $28-32 billion in economic losses in the US New CenterPoint Energy map shows repair work hasn't even started in many areas still without power Why Can’t Houston Keep the Power On? - WSJ Half a million Houston-area homes and businesses still won’t have power into next week
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Grid operator tells Californians to prepare for power conservation
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Texas leaders worry that Bitcoin mines threaten to crash the state power grid
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Healthcare:

Feds investigating Steward Health Care for fraud and corruption, sources say
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Steward paid surveillance firm $1.6 million in months before it filed for bankruptcy U.S. Firm in Malta Scandal Paid Spies $1.6M Before Declaring Bankruptcy
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Rocky Mountain Eye Center is filing for bankruptcy
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Doctors could see almost 3% Medicare cut in 2025
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Half of US Cancer Deaths Avoidable, 'Alarming' Study Says
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Climate:

"Heat islands" worsening extreme temperatures across the U.S.
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Heat-related deaths continue to rise as record-breaking hot weather persists
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Mapped: The deadly U.S. heat wave marches on
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‘It’s hell outside': Sizzling heat wave in parts of southern and central Europe prompts alerts
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Greece Fights Deadly Fire on Aegean Island as Temperatures Soar
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Searing Heat Triggers Fuel-Supply Worries at Oil Refineries in Europe and Beyond
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‘More Heat, More Often’: Temperature Records Keep Breaking
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Climate-driven ice breakage is shortening shipping season in Northwest Passage: Study
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Las Vegas Heat Breaks Records and Stuns Even the Forecasters
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Tractor Supply is giving up on climate change and DEI goals. Some customers are angry
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What American cities could do right now to save us from this unbearable heat
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Tax:

IRS collects milestone $1 billion in back taxes
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Hedge Funds:

Scaramucci’s SkyBridge Limits Client Exits Even as Crypto Soars
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Private Equity:

Private Equity's Creative Wizardry Is Obscuring Danger Signs
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Studet Debt:

Biden's second attempt at broader student-loan forgiveness could now happen in October
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Student-loan borrowers are entering a new 'Wild West' where any form of debt relief is much less certain
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Personal Finance:

A Texas Gen Xer who went to college in his 40s says it didn't help him find a job and saddled him with over $100k in student debt
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Infrastructure:

America’s 10 best states for infrastructure, where you can rely on roads, bridges, airports, power, and internet 10 states with America’s worst infrastructure
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Cannabis:

What to do when your marijuana business goes up in smoke
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Fitness:

Luxury boxing gym, The BXNG Club, files for Chapter 11 bankruptcy
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Economy:

Cleveland Fed: Median CPI increased 0.2% and Trimmed-mean CPI increased 0.2% in June BLS: CPI Decreased 0.1% in June; Core CPI increased 0.1%
(DBN)

YoY Measures of Inflation: Services, Goods and Shelter
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Inflation cools again in June in another positive sign for U.S. economy Inflation continues to slow in the U.S., opening door to Fed rate cut JPMorgan Forecasts Earlier Start to Fed Rate Cuts After CPI Data Expectations spike for a Fed rate cut Confidence is building that inflation is receding
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Treasuries Wipe Out 2024’s Loss as Traders Bet on Rate Cuts
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As inflation cools, Social Security could pay out a smaller COLA increase
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Biden touts cooling inflation, slams Trump tariffs at press conference
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Prices did something in June they haven’t done since the early part of the pandemic
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Is the 'American dream' attainable? New survey shows how the nation feels about the idea
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Fewer Americans apply for jobless claims
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Weekly Initial Unemployment Claims Decrease to 222,000
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America is on the brink of an unemployment fiasco
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The world's poor get richer
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America's wage boost: There are fewer low-wage workers in the U.S. now
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The states with the most older workers, mapped
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Reality bites for Gen X retirement
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‘Weaponization’ of Reserves Is a Top Risk for Central Banks
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GOP bill to fund legislative branch fails on House floor
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Pain is coming for 2 sectors as high rates cut off the 'lifeblood' of easy leverage, billionaire Oaktree founder Howard Marks says
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Millennials having fewer kids could be a drag on the economy for the next decade
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One of the pandemic's biggest booms has finally gone bust
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The latest trick companies could be using to pay workers less
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A basic income program helped struggling kids enjoy huge success — and even become Olympians
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AAR: Rail Carloads Down YoY in June due to Decrease in Coal, Intermodal Up
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Fertility is falling and populations are tapering, U.N. report capturing global changes reveals
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U.S. startup funding is up, but number of deals is down
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Global population to peak within this century as birth rates fall, United Nations report says
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When That Job Promotion Is Really a ‘Glass Cliff’
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Almost half of adult Gen Zers get financial help from their parents
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US Debt Clock
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World Debt Clock
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Real Estate:

Current State of the Housing Market; Overview for mid-July 2024
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Leading Index for Commercial Real Estate Increased 10% in June
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5 states with the highest hidden homeownership costs — over $23,000 a year in property taxes, insurance, and maintenance
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MBA: Mortgage Applications Decreased in Weekly Survey
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The rise of the lawless landlord
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Real estate stocks soar to best day of year on rate cut bets
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Realtor.com Reports Active Inventory Up 34.5% YoY
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FEMA restricts rebuilding in flood zones
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Home Insurance Premiums Are Surging—and States Are Allowing It Home insurance costs — already soaring — are likely to keep climbing. Here's why.
(DBN)

Florida's Largest Insurance Company Prepares For Doomsday Scenario
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U.S. cities are sinking. Here’s what that means for homeowners
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Thousands of homeowners are about to get slammed with higher monthly payments
(DBN)

Ali Choudhri Poised To Lose Galleria-Area Office Building After Lengthy Court Battle
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Municipalities:

Young families are still fleeing major cities in huge numbers, a 'big surprise' for metros trying to escape the urban doom loop
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Oil/Gas:

Global oil demand growth slows further as China cools, IEA says Oil climbs as shrinking U.S. stocks counter downbeat IEA view
(DBN)

Iran Returns Seized Oil Tanker
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Lobbyists Keep Oil Well Cleanups from Happening
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BP predicts global oil demand will peak in 2025, bringing to end rising emissions
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Education:

House Republicans vote to reverse new transgender student protections
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Pharma:

FTC poised to sue drug middlemen over insulin prices
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Autos:

Tesla sells ‘Self-Driving’ cars. Is it fraud? Tesla’s 11-Day Winning Run Prompts a Valuation Reality Check
(DBN)

Audi’s Slow-Selling Tesla Fighter Spells Doom for VW Factory
(DBN)

Biden tosses electric lifeline to auto industry
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Used car prices plunging: EVs hit the hardest
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Italy to offer defunct Stellantis brands to Chinese automakers, report says
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Gig Economy:

People are earning more from side gigs and needing them less
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Finance:

Pimco, Silver Point Lose Fight Over 2022 Incora Debt Package Bankrupt Incora Ordered to Unwind 2022 Deal With Silver Point, Pimco
(DBN)

As Tide Goes Out on Private Credit, Smaller Firms Look Exposed
(DBN)

Why ‘Payment-In-Kind’ Debt Is So Appealing — and Risky
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Maritime:

Somali Piracy Revives Sharply After Years of Quiet
(DBN)

Thinking About a Mississippi River Cruise? There’s One Big ‘If.’
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Banking:

Banks Face Old Foe as Senate Weighs Biden’s Pick to Run FDIC
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Food/Beverage:

MOD Pizza announces new owner in attempt to stave off bankruptcy
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Red Lobster exploring reorganization instead of continuing with bankruptcy
(DBN)

Popular vodka brand owes NFL teams, files Chapter 11 bankruptcy
(DBN)

California fast food workers now earn $20 per hour causing franchisees to cut hours
(DBN)

New Yorkers See 58% Rise in Food-Delivery Fees
(DBN)

The Sad Future of Grocery Shopping
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Celebs:

Sharon Stone lost $18 million in savings after her 2001 stroke
(DBN)

Ex-NBA player pleads guilty to wire fraud conspiracy in connection to gambling case, prosecutors say
(DBN)

Deion Sanders and son Shilo address bankruptcy case Dallas judge seals records in Shilo Sanders bankruptcy case tied to alleged assault
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Retailing:

Clothing Chain Called 'Pathetic' After Declaring Bankruptcy, Closing Stores
(DBN)

Target will stop accepting this old-school form of payment
(DBN)

The exhausting new shopping trend that's breaking all of our brains
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Fraud:

Fraud Case Against Rich Exile Who Riled Beijing Goes to Jury
(DBN)

Archegos collapse: Bill Hwang found guilty of fraud, market manipulation
(DBN)

Chris Kirchner, founder of Goldman Sachs-backed Slync, was sentenced to 20 years for fraud and laundering startup funds
(DBN)

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Entertainment:

Redbox set to close as DVD market withers in streaming's shadow Redbox is shutting down, corporate parent is being liquidated
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Tech:

A.I.’s Insatiable Appetite for Energy
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One-third of U.S. military could be robotic, Milley predicts
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Labor:

How a Teamster Leader’s Flirtations With Trump Have Divided the Union
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UAW considering next steps on worries Trump could beat Biden, Reuters reports
(DBN)

Federal Reserve chair says America's labor market is back in balance
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Sports:

Struggle to find TV deal leaves French football clubs fearing bankruptcy
(DBN)

Champions League club 'at risk' of bankruptcy after Newcastle United announcement & £1bn snub
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Debt Collection:

Man Bites Dog, or Debt Collector Restructures Its Distressed Debt
(DBN)

Intrum Locks In New Debt Deal With Creditors
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Regulation:

The Hydraulic Effect of Loper Bright Enterprises in Consumer Finance: More Regulation By Enforcement
(DBN)

Post-Chevron, Congressional Republicans Demand Biden Admin Tell Them Who To Sue
(DBN)

Loper Bright and Corner Post not the wins companies think they are, legal expert says
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Crypto:

Unraveling the Mt. Gox saga: a decade after the fall, bitcoin creditors begin repayment journey
(DBN)

Jump Trading Drags FTX Estate to Court Over $264M Serum Token Loan
(DBN)

SEC greenlights banks to exclude crypto assets from balance sheets, with conditions
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Sporting Goods:

High Society aims to stay afloat through bankruptcy
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Fintech:

Banks in Synapse mess make progress toward releasing deposits of stranded fintech customers
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Religion:

Frisco megachurch removes pastor of 17 years for ‘moral failure’
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Posting Ten Commandments in Schools Was Struck Down in 1980. Could That Change?
(DBN)

Conservatives say liberals took religion out of schools. Truth is, it was never there to begin with.
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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (18 new filings today)
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Recent Ch. Adversary Proceeding Filings (76 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Bankruptcy Statistics:

Investors shun riskier junk bonds as bankruptcy filings jump
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Receivers:

Increase in the Use of State Court Receivership Proceedings Predicted
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Venue:

Et Tu, EDVA? Why Big Law Is Dodging a Once-Favorable Bankruptcy Venue
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Standing:

Ninth Circuit Holds the Trustee Has Standing, Not the Employee, to Title VII Claims Rooted in the Pre-Bankruptcy Past
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Mass Torts:

NY Ready to Reopen Claim Against Purdue Pharma, If 60-Day Negotiating Window Closes Without Accord
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Supreme Court’s Purdue Pharma ruling gives ammunition to victims in bankruptcy cases
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IP:

Recent Third Circuit Mallinckrodt Opinion Highlights the Bankruptcy Benefits of Using Non-Exclusive Licenses When Granting Rights in Intellectual Property
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Aviation:

Amid Oppressive Heat, Broiling Airplane Cabins Add to Travelers’ Woes
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Wall Street Bets Against Airlines Even as Summer Travel Booms
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Hydrogen could power the next-gen aircraft of tomorrow
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SpaceX Falcon 9 second stage engine suffers catastrophic in-flight failure during Starlink launch
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Nursing Homes:

SEIU files objections to reorganization of bankrupt Pittsburgh-area nursing homes
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Politics:

JD Vance Said He Believes Trump’s Sexual Assault Accuser in Unearthed Interview JD Vance calls pregnancy from rape and incest ‘inconvenient’ as he backs Texas abortion law
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Donald Trump threatens to send Mark Zuckerberg to prison if he is elected
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Hungary’s Viktor Orbán to Visit Trump Following NATO Summit and Putin Meeting
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Marla Maples open to serving as Trump VP
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Biden and Trump tied despite debate, as 67% call for president to drop out
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5 things we now know about Biden and Trump from the postdebate polls
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NY Times editorial board urges Republicans to reject Trump
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Clooney, Democrats pile pressure on Biden George Clooney shares “devastating” feedback on Biden After Clooney’s call to action, Hollywood heavy hitters eye the exits with Biden Trump rips Clooney over op-ed urging Biden to drop reelection bid Biden Hit by Perfect Storm as ‘Elites’ He Savaged Turn on Him Biden loses his train of thought, calls Harris ‘Vice President Trump’ in solo press conference Volodymyr Zelenskyy has yet again found himself at the center of one of the most awkward moments in modern US history Fact check: Biden’s false and misleading claims at high-stakes news conference Five takeaways from Biden’s pivotal press conference Biden at press conference: See, I'm up to the job Biden regained some ground but faces more calls to step aside Elon Musk is gloating on X after Biden's big-boy press conference fumbles Biden looks finished – there’s surely no coming back from this Key takeaways from Biden’s news conference: Insistence on staying in the race and flubbed names Hollywood and Silicon Valley Are Out of Patience With Bidenworld: “I Genuinely Hope He Loses” How Hollywood quickly turned on Joe Biden The calls for Biden to step down are now coming from inside the White House Biden's ever-changing theory of victory Some Biden Advisers Are Discussing How to Convince Him to Step Aside Biden says pressure on him is driven by elites. Voters paint a more complicated picture One of Biden's most faithful allies appears ready to break Bob Casey stands by Biden as other battleground Senate Democrats keep their distance 'No one involved in the effort thinks he has a path': Biden insiders say the writing is on the wall Biden campaign believes there's still "no indication" anyone but Biden can win Biden Aides Believe Obama Is Plotting Joe’s Ouster After Clooney Op-Ed Obama, Pelosi privately expressed concerns over Biden Barack Obama 'Working Behind the Scenes' to Undermine Biden—'Morning Joe' Schumer open to dumping Biden in 2024 Mad media vs. beat-up Biden Decision Time for Chuck Schumer? Ultimate power broker: House Democrats turn to Pelosi to strong-arm Biden Democrats Are Drifting Toward the Worst of All Possible Worlds ‘Everything is frozen’: Donors withhold dollars amid Biden fallout House Democrat won't commit to voting for Biden Welch becomes first Democratic Senator to call for Biden to step aside Biden aides struggle to win back spooked Senate Dems Democratic Congresswoman Calls on Biden to RESIGN: ‘Americans Deserve to Feel Their President Is Fit’ Biden poised to face "deluge" of fresh calls to drop out Biden’s political position is rapidly deteriorating as critical news conference looms Congressional Democrats warn Biden: This isn't over Biden to be interviewed by NBC's Lester Holt on Monday 'It's already disastrous': Biden campaign fundraising takes a major hit Leaks complicate Democrats' sensitive Biden talks Pelosi: "Time is running short" for Biden to decide on re-election bid Stephanopoulos apologizes after saying Biden can't serve another term The controversy over Biden and Parkinson’s disease, explained Embattled Biden to give high-stakes press conference Biden aides keep tight protective grip as allies say he still needs to prove his vigor Biden rode the perception of electability to victory in 2020. But now it may be his undoing Three reasons the calendar could be on Biden’s side as divided Dems fret Conservatives See a Conspiracy Around Joe Biden’s Stumbles Karine Jean-Pierre admits giving false information about Biden neurology visit after outcry over health misdirection NBC host Chuck Todd makes explosive claim Biden cabinet secretary told him two years ago that Joe 'can't run again' Democrats unsure whether Biden will pass key tests to stay nominee Michigan Democrat: Time for Biden to ‘step aside’ from the presidential race ‘You're worried if he knows which direction he's going’: Nervous world leaders greet Biden at NATO NATO allies lose faith in US President Biden Biden keeps saying he won’t step aside — but Democrats aren’t listening Jeffries says Biden is not a liability to vulnerable Democrats Americans make it clear: They want Biden out Biden’s Frailty Doesn’t Endanger America Angry and stunned Democrats blame Biden’s closest advisers Progressives circle wagons around embattled Biden Scholz joins shaky chorus of world leaders sticking with Biden
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Act of Desperation? Biden’s Team Checks Delegates for Loyalty
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Even Biden's campaign is wondering how Kamala Harris would perform against Trump While Biden fumbles at the podium, Kamala Harris is doing her best at playing presidential
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Biden Has an Inner Circle Problem. He’s Not the Only One Joe Biden’s Own Inner Circle is Plotting to Get Him to Quit
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Milwaukee radio station says it agreed to edit interview with Joe Biden Biden Campaign Has Long Fed Softball Questions to Friendly Interviewers
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House Oversight subpoenas top Biden aides over his mental fitness
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A weak Biden campaign could affect Georgia's down-ballot races
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Senate's defense bill now contains gender-affirming care restrictions
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Senators unveil bipartisan deal on stock trading ban
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The request for federal aid after Beryl opens a rift between the White House and Texas
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Arkansas abortion rights ballot initiative rejected by secretary of state
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‘I have no idea who is behind it,’ Trump says of Project 2025. CNN finds at least 140 people who worked for him are involved Trump disavows Project 2025, but he has longstanding ties to key architects of the project
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Ocasio-Cortez Loses the Democratic Socialists’ Endorsement Over Israel
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Pew: 63% of voters describe both Biden and Trump as embarrassing
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Trump wants Black and Latino support, but he's not popular with either group, poll analysis shows
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Once a G.O.P. Rallying Cry, Debt and Deficits Fall From the Party’s Platform
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GOP commissioners refuse to certify Nevada county recount results, sparking November election concerns
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UK:

Thames Water Faces Break Up as Ofwat Rejects Full Bill Hike What Will It Take to Bring Thames Water Back From The Brink? Thames Water Bonds Dip as Ofwat, S&P Crank up the Pressure
(DBN)

Council could face 'effective bankruptcy' - report
(DBN)

Why Customers Will Pay the Bill for UK’s Water Crisis
(DBN)

Britons Fall Further Into Energy Debt Even as Bills Come Down
(DBN)

UK Lenders Brace for Fresh Increase in Mortgage Defaults
(DBN)

Petrofac’s Restructuring Talks in Limbo as Debt Deadline Nears
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UK Economy Expands 0.4% in May, Double the Expected Pace
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EU:

Trump considering cutting back intel sharing with Europe, officials warn
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Three-quarters of Jewish people in Europe hide their identity
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Canada:

Electric snowmobile maker Taiga Motors files for creditor protection
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Russia:

NATO leaders say Ukraine is on "irreversible path" to membership
(DBN)

Johnson huddles with Zelensky amid calls for additional aid
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F-16 transfers to Ukraine are underway, White House says Zelenskyy says the problem with the coming F-16 fighter jets is the same one Ukraine had with the Abrams tanks
(DBN)

US and Germany foiled Russian plot to assassinate CEO of arms manufacturer sending weapons to Ukraine
(DBN)

China is outraged after NATO accuses it of involvement in Russia's war in Ukraine for the first time NATO rebukes China as a 'decisive enabler' of Russia and its war in Ukraine
(DBN)

Moscow Vows 'Military Response' to U.S. Missile Deployments in Germany
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Russia would need to spend 6% of its entire 2024 budget to pay wounded soldiers and families of dead troops, 2 researchers estimate
(DBN)

Security pacts bridge gap until Ukraine joins NATO
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____________

MENA:

CIA director holds Gaza talks with Qatari, Egyptian and Israeli officials Israel toughens Gaza ceasefire demands just as optimism for deal growing
(DBN)

Israel again orders residents to evacuate areas of Gaza City it once said were cleared of Hamas
(DBN)

US ‘winding down’ Gaza pier operations
(DBN)

UNRWA has 100 employees who are members of Hamas, Israel claims
(DBN)

U.S. Will Allow Delivery of 500-pound Bombs to Israel, an Official Says
(DBN)

‘We have nothing': Palestinians return to utter destruction in Gaza City after Israeli withdrawal
(DBN)

Time is frozen in the empty bedrooms of Israelis kidnapped by Hamas
(DBN)

Rescued hostage details psychological abuse during eight months of Hamas captivity
(DBN)

____________

France:

Wealthy French spooked by election explore possible moves abroad
(DBN)

France Must Find €15 Billion Annually to Meet EU Demands
(DBN)

Macron Seeks Broad Majority to Shut Out Far Left, Far Right Election Setbacks Leave France’s Far Right at a Crossroads French Left Struggles to Unite to Solve Prime Minister Puzzle
(DBN)

After French Election, Voters Are Resigned to Cost-of-Living Crisis How Macron’s Gambit Thrust France Into Economic Uncertainty
(DBN)

____________

China:

AC Milan’s Chinese Buyer Is Being Sued Over Unpaid Debts
(DBN)

Beijing Sends Most Warplanes Ever Across Key Line With Taiwan
(DBN)

US Coast Guard patrol spots Chinese naval ships off Alaska island
(DBN)

China’s Credit Growth Misses Expectations as Demand Struggles
(DBN)

____________

India:

India’s RBI Governor Says It’s Too Early for Rate Cuts
(DBN)

____________

Germany:

German Industry Has Taken a Permanent Hit, BE Study Shows
(DBN)

____________

Finland:

June sees year-on-year increase in Finnish bankruptcy filings
(DBN)

____________

Netherlands:

Legislation Sought After Co-Med Bankruptcy's Social Impact
(DBN)

____________

Australia:

Companies paying high price as Austrian insolvencies continue to rise
(DBN)

____________


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