The U.K.’s unemployment rate held steady as pay growth cooled slightly, likely keeping the Bank of England on course to keep its key interest rate unchanged at this month’s meeting, the Wall Street Journal reported. The jobless rate was 4.7% in the three months to July, the same as the three months to both May and June. The key metric of earnings growth excluding bonuses was 4.8% on year in the same period to July, easing from the 5.0% to June, the Office for National Statistics said Tuesday.

The United States and Britain plan to announce more than $10 billion in economic deals this week as part of U.S. President Donald Trump's state visit, senior U.S. officials said on Monday, Reuters reported. The two governments are expected to seal a trade agreement with three pillars: a new science and technology partnership to strengthen the tech sectors of both countries, cooperation in civil nuclear power, and advances in defense technology cooperation, the officials said in a telephone briefing. Several U.S.

Industrial production in the eurozone returned to growth in July, a reflection of resilience in the face of U.S. tariffs that threatened to crimp demand, the Wall Street Journal reported. Output edged up 0.3% on month, after a 0.6% slump in June, statistics agency Eurostat said Tuesday. That increase was driven by a strong 1.5% upswing in production in Germany, historically an engine of European industry but one that has struggled in recent years given high energy costs and increased competition from China.

Less than a week after political turmoil roiled France following the collapse of President Emmanuel Macron’s government, Fitch Ratings downgraded France’s sovereign debt rating on Friday, raising questions about the country’s financial stability, the New York Times reported. Fitch lowered the French rating to A+ from AA–, citing an increasingly fractured political landscape and the government’s overall inability to tackle a ballooning debt and deficit that have become among the largest in Europe.

The past two weeks have been dreadful for Jaguar Land Rover (JLR), and the crisis at the car maker shows no sign of coming to an end, according to a BBC.com report. A cyber attack, which first came to light on 1 September, forced the manufacturer to shut down its computer systems and close production lines worldwide. Its factories in Solihull, Halewood, and Wolverhampton are expected to remain idle until at least Wednesday, as the company continues to assess the damage. JLR is thought to have lost at least £50m so far as a result of the stoppage.

Cryptocurrency groups are urging the Bank of England (BoE) to abandon plans to cap the amount of stablecoins that individuals and businesses can hold in the UK, Decrypt.com reported. “Imposing caps on stablecoins is bad for UK savers, bad for the City and bad for sterling,” Tom Duff Gordon, vice-president of international policy at Coinbase, told the Financial Times. “No other major jurisdiction has deemed it necessary to impose caps.” The pushback comes following an FT report that BoE officials plan to continue pursuing the implementation of a 2023 BoE consultation paper on stablecoins.

Russia’s government is preparing a moratorium on bankruptcies in the metals sector to support heavily indebted companies hit by sanctions and high borrowing costs, the Kommersant business daily reported Wednesday, citing draft measures by the economy and industry ministries, The Moscow Times reported. Analysts told the newspaper that the proposal is aimed primarily at coal and steel producer Mechel, which is controlled by Igor Zyuzin.

Russia’s central bank lowered its key interest rate for a third straight meeting as the economy and inflation slowed following two years of rapid expansion driven by government spending on the war in Ukraine, the Wall Street Journal reported. The Bank of Russia cut its key rate to 17% from 18% on Friday, having lowered borrowing costs in early June for the first time since 2022 and followed that up with a July cut. However, investors had expected a larger trim to 16%. “The economy continues to return to a balanced growth path. Lending growth has accelerated in recent months.