European Union legislators should demand safeguards and robust equivalence regimes from foreign issuers of stablecoins to prevent the risk of runs on reserves held in the EU, European Central Bank President Christine Lagarde said on Wednesday, Reuters reported. The EU has put in place one of the world's strictest regimes on crypto assets, requiring that stablecoins, which are pegged to an official currency, be fully backed by reserves. But Lagarde said legislators should hold companies that issue stablecoins both in the EU and abroad to the same, high standards.

Britain’s borrowing costs have risen faster than any other G7 country in the wake of Sir Keir Starmer’s decision to reshuffle his team of economic advisers, The Telegraph reported. The yield on 30-year UK gilts – the return that investors demand from the Treasury to fund its debt – rose to a 27-year high of 5.64pc on Monday. The latest increase came after the Prime Minister appointed Darren Jones, who had been deputy to Rachel Reeves in the Treasury, as his Chief Secretary.

The U.K. exchequer is chasing about £90m in unpaid taxes after a temporary staffing business was rescued from insolvency proceedings in an £18m deal that reimbursed private funders in full, The Guardian reported. The main assets of Challenge Recruitment Group, which counted Tesco, Sainsbury’s and Co-op among its top customers, were acquired from administration in July by the US website swipejobs, in what appears to be the second time the British staffing business has emerged from insolvency while owing tens of millions of pounds to the exchequer.

U.S. risk advisory business Kroll has acquired Kirby Healy, a Dublin-based corporate insolvency practice, for an undisclosed sum, the Irish Times reported. The New York-headquartered company, which provides a range of services from valuation, compliance and regulation, said the move would deepen “Kroll’s footprint in Ireland” and was part of a broader growth strategy in Ireland, aimed at meeting increased demand. The acquisition increases the company’s Irish team to more than 70 employees and the number of restructuring experts it has in Dublin to 26.

Annual inflation picked up pace a little in the eurozone last month, cementing expectations that the European Central Bank will leave interest rates unchanged for a second-straight meeting next week, the Wall Street Journal reported. Consumer prices rose by 2.1% on year in August across the 20 nations that use the euro, European Union figures showed Tuesday. That marks an increase from the 2.0% rate of annual inflation booked in July. Core inflation, which strips out the more volatile shifts in the prices of energy and food, was unchanged at 2.3% on year last month.

One of the UK’s biggest suppliers of mobility aids has sold its product sales arm after collapsing into insolvency, PAMedia reported. Mobilitas Group has acquired the division from NRS Healthcare, also known as Nottingham Rehab, which collapsed after efforts to secure a buyer were unsuccessful. The acquisition will include a group of more than 13,000 products, from basic daily living aids to complex assistive technologies, as well as a team of specialist staff. A court appointed a liquidator to wind up NRS Healthcare earlier this month.

After a year-long hiatus, a parliamentary group in the UK is working to bring cryptocurrency back to the forefront of the legislative process, DLNews reported. New co-chairs of the All-Party Parliamentary Group for Crypto and Digital Assets — Gurinder Singh Josan and Edward Vaizey — are urging lawmakers to establish clear rules of the road. Singh Josan, a Labour Party backbencher, warns that the government’s failure to pass meaningful legislation risks pushing businesses to more welcoming jurisdictions.

The number of unemployed people in Germany has topped three million for the first time in a decade, labour office figures showed on Friday, raising the stakes for the government's huge investment plans to deliver quick results, Reuters reported. A total of 3.02 million people were unemployed in August in seasonally unadjusted terms, with an increase of 46,000 in the number of people out of work from the previous month. "In Germany, three million is not just a number.

Confidence in the eurozone’s economic outlook fell back as sluggish growth weighed on sentiment, with little hope of a major rebound ahead, surveys of households and business showed, the Wall Street Journal reported. The European Commission said Thursday that its economic sentiment indicator for the currency area edged down to 95.2 this month from 95.7 in July, thwarting economists’ expectations of a slight uptick in sentiment. Consumer confidence fell back, as did sentiment in industry and construction.