The commercial hub of Delaware is blocking startup ventures with past ties to Russia from maintaining their corporate standing in the state, ensnaring some tech firms that say they have little or no current connection to Russia following its invasion of Ukraine, WSJ Pro Bankruptcy reported.

Germany on Thursday unveiled a wide-ranging price cap on energy in response to growing concerns among German businesses that a wave of insolvencies could wash over the country and disrupt the supply chains serving Germany’s largest industrial sectors, the Wall Street Journal reported. The government said that it would cap the prices of electricity and natural gas as part of a fourth package of measures aimed at shielding businesses and consumers from soaring energy prices following Russia’s attack on Ukraine.

Prime Minister Liz Truss looked to reassure the British public and rattled investors that her plan to cut taxes wouldn’t lead to prolonged financial instability, arguing in a series of interviews on Thursday that the country had been buffeted by global shocks rather than her government’s reforms and that her policies would result in faster growth, the Wall Street Journal reported. “We had to take decisive action,” Ms. Truss told the British Broadcasting Corp. in her first public comments since the tax plan was presented last Friday.

European Central Bank policymakers see no need to step in and buy more Italian government bonds via a new emergency scheme despite a rise in the country's borrowing costs since a right-wing coalition won a general election, sources told Reuters. Analysts have been speculating about whether the ECB would activate its Transmission Protection Instrument (TPI) to stem a rise in Italian bond yields and spreads driven by concerns about public finances under a new government promising lower taxes.

The Bank of England on Wednesday said it would buy U.K. government bonds with long maturities “on whatever scale is necessary” in an effort to restore order to the market after a large set of government tax cuts sent borrowing costs soaring, the Wall Street Journal reported. The furious selloff in U.K. government debt in recent days ripped through normally staid parts of the financial markets. Pension funds and insurers who hold financial derivatives tied to U.K. debt in particular faced the possibility of severe losses, according to analysts.

The European Commission signed off Tuesday on the next 21-billion-euro ($20.2 billion) tranche of Italy’s pandemic recovery funds, a welcome infusion that comes amid questions about whether Giorgia Meloni and her euroskeptic party, which won the national election, will be able to keep the funding coming, the Associated Press reported.

European Commission president Ursula von der Leyen proposed on Wednesday a new package of Russia sanctions, designed "to make the Kremlin pay" for escalating the conflict in Ukraine with what she called "sham" votes in occupied territory, Reuters reported. "We do not accept the sham referenda and any kind of annexation in Ukraine, and we are determined to make the Kremlin pay for this further escalation," she told reporters in Brussels.

Slovakia may cut electricity exports to Germany and other European Union states unless the bloc’s governments meet its demand to modify an emergency energy proposal, the country’s premier said, Bloomberg News reported. EU member states are set to clinch a deal on the unprecedented package to intervene in the energy market at a ministerial meeting on Friday in Brussels. It includes a cap on lower-cost power producers’ revenue from electricity that Slovakia argues isn’t fit for its national power industry.

The Bam Bam Beach Bitcoin bar, on an uncrowded beach in southwestern Portugal, is a bar and community of about 150 crypto supporters around the town of Lagos that are a bubble of optimism amid what has become known as the “crypto winter,” the New York Times reported. This summer, cryptocurrencies such as Bitcoin and Ether melted down, and crypto companies like the experimental bank Celsius Network declared bankruptcy as fears over the global economy yanked down values of the risky assets. Thousands of investors were hurt by the crash.

Turmoil in British financial markets forced mortgage lenders to temporarily withdraw and reprice products for new customers on Monday, a real-world consequence of the market volatility thrown up by finance minister Kwasi Kwarteng's mini-budget last week, Reuters reported. Brokers said that the moves were likely just the start of a big shift in Britain's mortgage market. The country's largest mortgage lender Halifax said it was withdrawing its fee-paying mortgage products - where borrowers could pay an arrangement fee in exchange for a lower interest rate - and moving to a full fee-free range.