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PE-backed firms destroyed by waves of bankruptcy

High interest rates and low consumer spending are putting pressure on debt-ridden companies backed by private equity groups, forcing them to restructure through bankruptcy or buy time to recover through out-of-court settlements with creditors. The pressure on private equity-backed companies…

Moment four Israeli hostages released by Hamas

Video from Gaza City shows four Israeli hostages being handed over by Hamas gunners in a heavily staged event and transferred to waiting Red Cross vehicles. Soldiers Karina Ariev, Daniela Gilboa, Naama Levy – all three aged 20 – and…