European travel is reviving and easyJet is increasing flights between now and December, the British airline said on Tuesday, after running up an annual loss of over 1 billion pounds during the pandemic, Reuters reported. For the autumn period, easyJet said that it would fly 70% of its pre-pandemic capacity, a jump from the 60% it had been aiming for only a month earlier, as demand for holidays surged, particularly in the UK where travel rules have been loosened.

The European Union drew record demand for its debut green bond, in the sector’s biggest-ever offering, Bloomberg News reported. The bloc registered more than 135 billion euros ($156 billion) in orders Tuesday for a sale of 12 billion euros of securities maturing in 2037. Both the demand and size eclipse last month’s debut from the U.K. The transaction is just the first in a 250-billion-euro program of EU green-bond sales earmarked for the coming years.

Deutsche Lufthansa AG paid off a chunk of the German government’s remaining bailout package, eliminating part of its so-called silent participation support with 1.5 billion euros ($1.7 billion) of the money it raised in a rights offering last week, Bloomberg News reported. The 2.16 billion-euro equity raise is now completed and new shares issued, Lufthansa said Monday in a statement. The company plans to repay a remaining 1-billion-euro silent participation to Germany’s Economic Stabilization Fund by year-end.

Tens of thousands of protesters marched through Warsaw and other Polish cities late Sunday to oppose a court ruling that European Union legal judgments have become incompatible with the Polish constitution, a decision protesters fear could prompt Poland to follow the U.K. out of the bloc, the Wall Street Journal reported.

The European Central Bank's two leading economic thinkers sparred on Thursday over how likely it was for the recent, sharp rise in euro zone inflation to become permanent, Reuters reported. Philip Lane and Isabel Schnabel, who lead the economic debate on the ECB's board, both repeated the ECB's official line that the spike in price growth would ease next year as the effects of a post-pandemic bounce fade. But they differed sharply on the risks surrounding that prediction, with Schnabel warning of "more persistent inflationary pressures" and Lane of forces that could drag down price growth.

Ireland will join an international tax agreement that provides for a global minimum effective tax rate of 15 percent for large multinational corporations, the country's finance department announced Thursday, The Hill reported. The development comes as countries participating in negotiations at the Organization for Economic Cooperation and Development (OECD) are meeting Friday to reach an agreement. Ireland had previously been a key holdout to a deal.

British consumer morale has fallen to its lowest since February, when the country was under heavy COVID-19 restrictions, due to worries about the economic outlook and about rising prices, a Bank of America report showed on Friday, Reuters reported. The survey chimed with other gauges of consumer confidence in Britain that have suggested a growing cost-of-living squeeze has started to drag on the economy's recovery from the COVID-19 pandemic.

Surveying the rows of purple cabbage that stretch across one of her fields, Katharine Nundy says the outlook for her farm is gloomy. Like other farmers across the U.K., she used to rely on an influx of seasonal workers from the European Union to bring in the harvest, and is struggling without it this year, the Wall Street Journal reported. The U.K. left the 27-member bloc last year and brought an end this year to the free movement of EU citizens into the country in the midst of a pandemic that has created labor shortages in many major economies.

Credit Suisse Group AG said that it will front “as much as possible” of the legal and advisory costs to recover cash for investors in supply-chain finance funds it ran with the now-defunct Greensill Capital, Bloomberg News reported. The majority of expenses incurred in recovering the money has not been passed onto investors, Credit Suisse said in a statement published on Wednesday. It estimates it will spend around $145 million for the process in 2021.

The European Union on Wednesday urged member countries to provide relief funds to consumers and small businesses hit hardest by rising gas and electricity prices, as criticism mounts that the bloc’s climate change fighting policies are fueling the problem, the Associated Press reported. In recent days, France and Spain have led the charge for change to the rules governing EU energy markets as the price surge ramps up already-high utility bills and increases pressure on many people already hit hard by the coronavirus pandemic.