COGNICURRENT

Borge Brende, president of the World Economic Forum, resigns amid revelations linking him to Jeffrey Epstein, compounding issues following the departure of the forum's founder, Klaus Schwab, due to financial irregularities.

Aires del Sur, the air conditioning manufacturer based in Tierra del Fuego known for its Electra and Fedders brands, has filed for bankruptcy due to structural financial deterioration and failed negotiations with the Chinese group Chigo.

President Luiz Inácio Lula da Silva held a meeting with Raízen's major stakeholders to address the company's financial difficulties before Carnival.

Premier League officials are warned that neglecting financial support for EFL clubs could lead to more clubs facing financial ruin, akin to the situation with Sheffield Wednesday.

The bonus for retirees in Argentina has remained frozen at $70,000 for two years, significantly below what it would be if adjusted for inflation, causing substantial financial losses for low-income retirees.

Aftonbladet has compiled a list of the 20 young individuals in Sweden with the highest debts, totaling millions of kronor, raising concerns about their financial circumstances.

Elvira Nabiullina, head of the Russian central bank, warns of an impending economic crisis in Russia due to its deteriorating economic situation.

The liquidation of Will Bank by Brazil's Central Bank has left many clients, particularly in the northeast, without access to their funds, causing significant distress among users reliant on the bank for basic living expenses.

The District Federal government ends 2025 with a R$ 1 billion deficit, complicating the assistance to the Bank of Brasília and likely necessitating federal aid.

Despite solid growth, Africa remains trapped in a recurring debt crisis cycle influenced by external shocks and an inadequate international financial architecture.

The municipality of Bærum recorded a surplus of 907 million kroner in 2025, contrary to previous forecasts of financial crisis.

Rey Juan Carlos University in Madrid faces a significant financial crisis, closing 2025 with a deficit of 76 million euros and looking to regional president Ayuso for potential financial solutions.

The article discusses Slovakia's ongoing financial struggles and the recurring discussions about austerity measures aimed at avoiding a financial crisis similar to Greece's.

The wife of a lineman in Uttar Pradesh's Balrampur district physically assaulted a Junior Engineer (JE) after her husband was fired without notice, plunging their family into financial distress.

Lácteos Verónica, a major dairy company in Argentina, faces critical challenges as its operations have come to a halt, resulting in substantial debt and unpaid salaries for employees.

A liquidity crisis in Gaza is severely affecting the financial lives of Palestinians due to the deterioration of paper currency and the shutdown of banks amid ongoing conflict.

The IMF is conducting a ten-day assessment of Gabon's economy amidst growing concerns over public debt and potential financial instability.

Unbanked, a company listed on the Tokyo Stock Exchange, faces financial turmoil after losing over 1.3 billion yen in transactions involving unmarked gold bars.

Forestadora Tapebicuá has been unable to produce for six months due to financial difficulties and is currently seeking an investor to resume operations.

The European Commission announced a new immediate energy support package for Ukraine worth 100 million euros, emphasizing their ongoing significant financial and military assistance amidst the ongoing crisis.

Jamie Dimon, the head of JPMorgan Chase & Co., warns that current trends in the financial industry could lead to a crisis similar to that of 2008, as heightened competition pushes some players to make unwise decisions.

The article discusses the financial crisis facing scientific and environmental journalism, exacerbated by the freeze on U.S. foreign aid under the Trump administration.

Private credit is facing severe challenges with a series of bankruptcies and the freezing of acquisitions, signaling a potential crisis in the rapidly expanding market valued at $3 trillion.

Johannesburg Water faces a severe financial crisis that hampers its ability to fix critical water infrastructure.

The article discusses the recurring issue of school fee payment crises in Uganda, highlighting the struggles of parents and schools in managing their financial dynamics.

Dairy farmers in Estonia are facing severe financial difficulties and are being pressured to sell their cows for meat due to a lack of income from milk sales.

Oh Seok-kyu, a Gyeonggi Provincial Councilor, has officially declared his candidacy for the mayor of Uijeongbu, emphasizing his commitment to serve the citizens and address the city's current crises.

Jamie Dimon, CEO of JPMorgan, has raised concerns about emerging parallels with the pre-2008 financial crisis, relating to risky lending patterns.

The New York Stock Market ended down sharply due to rising uncertainties in trade and fears of AI-induced unemployment, with the Dow Jones Industrial Average dropping by 1.7%.

A report indicates significant financial damage calculated in tens of thousands of billions of krona.

Rural councils in New South Wales face significant financial challenges, with some on the brink of insolvency, prompting calls for state government reform in grant funding allocation.

The municipality of Marzling faces a financial crisis due to the dire condition of its bridges, requiring urgent repairs or potential reconstruction.

The EU has become Ukraine's primary supporter amid ongoing challenges stemming from Russia's invasion, pledging significant financial aid while grappling with humanitarian issues and governance reforms.

Finnish youth organizations have managed a housing company for decades, but it is now facing significant financial crises amidst loss of trust from state funding sources.

Lebanon is exploring the option of selling or leasing a portion of its significant gold reserves to alleviate its ongoing economic crisis.

The article discusses the financial and operational impact of the coal scandal in Poland, particularly following the embargo on Russian coal.

The Democratic Alliance urges Gauteng municipalities to secure water revenue to address significant financial losses and infrastructure issues causing water shortages.

Juventus faces potential financial turmoil following a home defeat to Como, with significant implications for its Champions League participation and sponsorship revenue.

De Beers has announced significant financial losses as the diamond sector faces a crisis, prompting its parent company, Anglo American, to reduce its value.

Many cities and municipalities in Germany are facing severe financial difficulties, with no immediate solutions in sight despite earlier promises of assistance from federal and state governments.

Fans of the Swansea Ospreys are devastated as the club nears closure due to financial troubles and a lack of success in Welsh rugby.

Kim Yong-beom, the chief policy officer at the Blue House, emphasizes the need to change the existing leverage structure of housing loans used for investment, warning that it could lead to a macroeconomic crisis if not adjusted to ensure financial stability.

Employees of Expresso Rei de França met to discuss voluntary separation agreements due to the company's financial crisis, impacting bus services in São Luís.

The Cemac region's financing is at risk due to significant payment defaults from its member states, as revealed in a recent parliamentary report.

The financial situation of Centro Agropecuario Modelo raises concerns as creditors await its debt resolution amid rumors of a potential sale.

Rising costs of debt service in the US are projected to reach unprecedented levels, signaling potential financial distress known as a 'doom loop' in the bond markets.

The US has made a partial payment of $160 million towards its $4 billion debt to the UN, amid concerns about the organization's financial crisis.

The European Citizens' Initiative My Voice, My Choice is urging the European Commission to create a financial mechanism to reimburse abortion costs for women traveling to other EU member states, sparking significant ethical and sovereignty concerns in Slovakia.

Major Brazilian banks are seeking regulatory changes to hold smaller financial institutions accountable after the Master bank crisis led to significant financial losses and institutional failures.

Former PIMCO chairman Mohamed El-Erian warns that recent developments in private equity lending are reminiscent of the period leading up to the major financial crisis.