Browsing: Business

– Under a collaborative investment initiative between the two nations, the United Arab Emirates intends to allocate an extra €15 billion into Greece. This development was revealed on October 22 during the official visit of Sheikh Khaled bin Mohamed bin

– According to the Bank of Italy, Italy’s gross domestic product is now forecasted to increase by 1% in 2026, marking an upward revision from earlier predictions. The growth rate is expected to slow to 0.7% in 2027 before slightly

– European Union borrowing could amount to roughly €1 trillion by the conclusion of 2027, according to the European Court of Auditors in its latest annual report. The outstanding debt of the EU increased by over 20% to €738.9 billion

– The World Trade Organization has revised its 2026 forecast for worldwide merchandise trade growth upward to 3.9 percent, marking a significant rise from the 1.9 percent predicted in March. The organization attributed this optimistic outlook to stronger trade activity

– The European Commission is now facing renewed calls from France and Germany to establish a more agile trade defense mechanism capable of addressing serious market disruptions. French President Emmanuel Macron and German Chancellor Friedrich Merz have submitted a joint

– On October 5, the UK five-year fixed mortgage rates reached 6.00%, marking levels not seen in approximately three years. Meanwhile, the average two-year fixed rate climbed to 5.98%, its highest point since mid-December 2023. This rise was observed by

– Russia anticipates its 2026 grain crop to reach around 140 million tonnes as farmers approach the final phase of the harvest season. Deputy Prime Minister Dmitry Patrushev indicated that farmers have already gathered over 126 million tonnes of grain.

– Euro area unemployment remained steady at 6.4% in August 2026, with no change from July, according to data from Eurostat. The rate was 6.3% in August 2025. Within the European Union, the unemployment rate held at 6.1% for a

– European Union house prices experienced a 4.7% increase in the second quarter of 2026 compared to the same period last year. Rents also saw a 3.0% rise, maintaining their upward trajectory across the bloc. Eurostat indicated that house prices

– Russia has established a long-term objective of producing 662 million tonnes of coal annually by the year 2050 as part of a newly endorsed industry development strategy. This target is incorporated within Russia’s revised coal growth blueprint. In 2024,