The long-awaited bump in bankruptcy filings has arrived, as submissions under chapter 11 rose 77% in July. There were 637 filings under chapter 11 of the bankruptcy code last month across the U.S, compared with 359 at the same time last year. It is the most monthly new chapter 11 filings in nearly three years. Source The Wall Street Journal
A second Russian vessel has now begun laying the almost-complete Nord Stream 2 gas pipeline in Danish waters, the pipeline development company said April 27, in a move likely to accelerate the final work on the Russia-Germany link. The Adakemik Cherskiy — which has dynamic positioning capabilities allowing for speedier pipelaying — has joined the Fortuna pipelayer carrying out work south of the Danish island of Bornholm in the country’s Exclusive Economic Zone (EEZ). Source S & P Global
The Chancellor stressed that Germany had always advocated for Ukraine to remain a transit country in the export of gas from Russia to the European Union Source Tass
China’s economy grew by double digits in the latest quarter but an explosive rebound from the coronavirus pandemic is slowing abruptly as manufacturing and consumer spending return to normal. Source AP
