Global bankruptcies exceed 2008 level FT

Soaring interest rates and the end of Covid subsidies have had a big impact on businesses, the outlet reports

The world's corporate sector has been hit by a wave of bankruptcies occurring at a double-digit pace unseen in decades, the Financial Times reported on Monday, citing data from national statistics offices.

Business insolvencies in the US saw a year-on-year surge of 30% in the 12 mon