Germany, considered Europe's most reliable debtor, is having trouble selling its bonds, just as it seeks billions to tackle the energy crisis, Reuters reported. Recent weak auctions have demonstrated the challenges of issuing debt in markets racked with uncertainty about interest rates and state spending, and made it harder for Germany - typically a reluctant spender - as it seeks to fund its 200 billion euro ($201.40 billion) scheme to cut domestic energy costs.

Credit Suisse has taken measures to reduce risks and improve its capital situation, Swiss banking supervisor FINMA said on Thursday after the bank unveiled a sweeping overhaul, Reuters reported. "It is clear that FINMA will continue to monitor that all the supervisory requirements are met during the implementation phase of the new strategy," it said in an emailed statement in response to a Reuters query.

Germany is preparing for a worst-case scenario in which it needs to double financial aid to Uniper SE, the nation’s biggest gas supplier, to €60 billion, Bloomberg News reported. Uniper’s financial situation is worsening with an expected adjusted net loss of €3.2 billion ($3.2 billion) for the first nine months of the year as it buys more expensive wholesale gas to meet supply contracts after Moscow cut flows. Prices would have to stay high for two years for the shortfall to hit the government’s maximum projection.

Chancellor of the Exchequer Jeremy Hunt is seeking to fill a fiscal shortfall of £35 billion ($41 billion) when he sets out the government’s tax and spending plans next month, officials familiar with the matter said, Bloomberg News reported. The government has drawn up a menu of 104 options to cut spending to get public finances back onto a sustainable track, according to the officials, who cited Treasury and Office for Budget Responsibility data from this week.

Despite the increasingly pessimistic economic outlook, numbers of businesses in Yorkshire and the Humber experiencing insolvency-related activity saw a decrease last month, falling by 13.1% in September compared with August 2022 – the second largest drop of any of the regions and nations in the UK, Bdaily.co.uk reported.

UKCloud and its parent Virtual Infrastructure Group have been forced into liquidation, potentially bringing an end to the ailing business, The Register reported. As a British public-sector IT provider, UKCloud had central and local governments, the police, the Ministry of Defence, the NHS, Genomics England, the University of Manchester, and more as clients.

Italy’s Prime Minister Giorgia Meloni is working on a new aid package worth as much as €9.6 billion ($9.6 billion) to help families and businesses through the end of the year without widening the country’s deficit, Bloomberg News reported. The support being devised by the new premier, whose right-wing government was sworn in this week, will show initial continuity with the fiscal prudence of predecessor Mario Draghi before she then probably needs to resort to more borrowing in 2023.

While Greece's economy is growing at nearly twice the euro zone rate this year thanks to a robust rebound in tourism, young people are increasingly being priced out of the property market due to the energy crisis and inflation, soaring rents and a scarce supply of small flats, Reuters reported. Rising rents and unaffordability of housing is a problem across many industrialised economies, but in Greece it is particularly acute as living standards and household wealth have already been crippled by the debt crisis that began in 2009 and the years of austerity that followed.

Makers of metals, chemicals and gasses said on Tuesday that the outlook for the final months of the year had worsened as concerns intensify that a surge in energy and raw material costs will shrink Europe's heavy industry, Reuters reported. French industrial gases company Air Liquide flagged slowing demand from some customers in Europe while Swedish steel maker SSAB said it will cut capacity in the fourth quarter as demand in Europe slows. It already cut construction-related volumes in the quarter to end-September.

On a market that seems to thrive as the courier firms capitalise on the rise of online commerce particularly coming from second-tier cities, independent courier firm Nemo Express entered insolvency at its request on October 21, shortly after one of the shareholders - operating leasing company Capital Fleet Services - pulled out, Profit.ro reported, according to Romania-Insider.com. Capital Fleet is also the largest on a list of some 25 creditors.