Browsing: Business

– The United Arab Emirates has revealed its intention to inject an additional €15 billion into Greece through a collaborative investment plan between the two nations. This development was publicly disclosed on October 22 during the official visit of Sheikh

– The Bank of Italy has increased its forecast for the country’s gross domestic product to expand by 1% in 2026, surpassing its previous estimate. The bank anticipates growth will then decelerate to 0.7% in 2027 before slightly rising to

– European Union borrowing could hit approximately €1 trillion by the end of 2027, according to the latest annual report from the European Court of Auditors. The outstanding EU debt increased by over 20% to €738.9 billion at the close

– The World Trade Organization has increased its projection for global merchandise trade expansion in 2026 to 3.9 percent, representing a notable rise from the 1.9 percent estimate provided in March. The WTO attributed this upward revision to robust trade

– France and Germany have formally requested that the European Commission develop a swift-response mechanism to address severe distortions in markets. French President Emmanuel Macron and German Chancellor Friedrich Merz submitted their proposal directly to Commission President Ursula von der

– On October 5, the UK five-year fixed mortgage rates climbed to 6.00%, marking a return to levels not seen in roughly three years. Meanwhile, the average two-year fixed rate increased to 5.98%, reaching its highest point since mid-December 2023.

– Russia anticipates its 2026 grain harvest will reach approximately 140 million tonnes as farmers enter the final phase of the season, according to reports. Deputy Prime Minister Dmitry Patrushev indicated that crop collectors had already gathered over 126 million

– Euro area unemployment persisted at 6.4% in August 2026, with no change from July, as reported by Eurostat. The same rate was recorded at 6.3% in August 2025. Meanwhile, the European Union maintained a steady unemployment rate of 6.1%

– European Union experienced a 4.7% increase in house prices during the second quarter of 2026 compared to the same period last year, with rental costs rising by 3.0%, thereby continuing their upward trend throughout the bloc. According to Eurostat,

– Russia has officially established an objective to reach 662 million tonnes of yearly coal output by 2050 as part of a recently endorsed industry development initiative. This figure is embedded within the scenario outlined in Russia’s revised coal expansion