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Detroit bankruptcy case officially closes more than 13 years after historic filing

Detroit’s historic bankruptcy case — the largest municipal bankruptcy in U.S. history — has officially closed more than 13 years after the city first sought Chapter 9 protection amid a financial collapse that reshaped the city’s finances, pensions and long-term fiscal strategy. U.S. Bankruptcy Judge Thomas Tucker granted the city’s…

Spain to launch biggest wildfire campaign after record losses in 2025

Prime Minister Pedro Sánchez presented what he called Spain’s biggest-ever campaign against forest fires on Thursday after deadly blazes devoured a record amount of land last year. ADVERTISEMENT ADVERTISEMENT Spain is one of the southern European countries on the front line of climate change as higher average temperatures stoke heatwaves,…

GOP lawmaker unveils bill to codify a strategic bitcoin reserve

EXCLUSIVE: Rep. Nick Begich, R-Alaska, is unveiling the American Reserve Modernization Act to establish a U.S. strategic bitcoin reserve in an attempt to diversify America’s reserves balance sheet. This bill, which is receiving bipartisan support, would establish the reserve within the Treasury Department with a separate digital asset stockpile for…