Browsing: Business

– The United Arab Emirates is set to pour an extra €15 billion into Greece as part of a collaborative investment effort between the two nations. This development was announced on October 22 during Sheikh Khaled bin Mohamed bin Zayed

– The Bank of Italy has increased its projection for the country’s gross domestic product to grow by 1% in 2026, surpassing its earlier estimate. The bank anticipates a slowdown to 0.7% in 2027, followed by a modest rise to

– European Union borrowing could reach 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 more than 20%, reaching €738.9 billion at the

– The World Trade Organization has upgraded its outlook for worldwide merchandise trade growth in 2026 to 3.9 percent. This marks a significant upward revision from the 1.9 percent projection issued in March. The WTO attributed the more optimistic forecast

– France and Germany have called on the European Commission to develop a swift-response mechanism for addressing serious market distortions. French President Emmanuel Macron and German Chancellor Friedrich Merz presented their proposal to Commission President Ursula von der Leyen. Their

– On October 5, the UK five-year fixed mortgage rates reached 6.00%, marking a return to levels last observed roughly three years ago. Meanwhile, the average two-year fixed rate increased to 5.98%, reaching its highest point since mid-December 2023. This

– Russia anticipates that its 2026 grain harvest will reach approximately 140 million tonnes as farmers approach the final phase of the season. Deputy Prime Minister Dmitry Patrushev stated that growers have already gathered more than 126 million tonnes of

– Euro area unemployment persisted at 6.4% in August 2026, with no change from July, according to Eurostat. The same rate was 6.3% in August 2025. In the European Union, the unemployment rate held at 6.1% for a second consecutive

– European Union house prices increased by 4.7% in the second quarter of 2026 compared to the same period last year. Rents also grew by 3.0% during this period, maintaining their upward momentum across the bloc. Eurostat indicated that house

– Russia has established a goal of reaching 662 million tonnes of annual coal output by 2050 as part of a recently approved industry initiative. This target is included in the scenario outlined in Russia’s revised coal development strategy. In