Post-Brexit tensions have crystalized into a worsening fight over Northern Ireland, the only part of the U.K. to share a land border with an EU country, which is Ireland, the Associated Press reported. Under the most delicate and contentious part of the Brexit deal, Northern Ireland remains inside the EU’s single market for trade in goods, in order to avoid a hard border with EU member Ireland. That means customs and border checks must be conducted on some goods going to Northern Ireland from the rest of the U.K., despite the fact they are part of the same country.

A collapse in cryptocurrencies is a "plausible scenario" and rules are needed to regulate the fast-growing sector as a "matter of urgency", Bank of England Deputy Governor Jon Cunliffe said on Wednesday, Reuters reported. Risks to financial stability from the application of crypto technologies are currently limited, but there are a number of "very good reasons" to think that this might not be the case for very much longer, Cunliffe said. "Regulators internationally and in many jurisdictions have begun the work.

Irish Minister for Finance Paschal Donohoe confirmed that the Employment Wage Subsidy Scheme (EWSS) for businesses affected by the Covid-19 crisis will be extended to the end of April, but supports from the programme will be phased out by then, the Irish Times reported. While there will be no change to the EWSS over the course of October and November, a two-rate structure of €151,50 and €203 will apply from December until the end of February, falling to €100 for March and April, Mr Donohoe told the Dáil on Tuesday as he unveiled Budget 2022.

Denmark’s government should cut more spending in its 2022 budget to prevent the “booming” economy from overheating, according to its fiscal policy watchdog, Bloomberg News reported. The Economic Councils, often dubbed the Wise Men, raised its 2021 gross domestic product growth forecast to 3.9% versus 2.9% in the spring, reflecting a swift return to pre-pandemic state after ending all economic lockdowns earlier this year. The planned tightening of fiscal policy isn’t enough, the advisory body said in a statement on Tuesday.

British companies pushed the number of workers on payrolls above pre-coronavirus levels last month, an indication of strength in the labor market that may embolden the Bank of England to raise interest rates, Bloomberg News reported. Payrolls climbed by a record 207,000 last month, according to data from the U.K. tax authority. Separate figures from the Office for National Statistics showed job vacancies rose to 1.2 million, also an all-time high.

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.