Browsing: Business

– Official data indicated that Sweden’s industrial production contracted by 1.5% in June compared to the same month last year. Additionally, after seasonal adjustment, output dipped by 0.4% from May, signifying a weaker month for the country’s manufacturing sector. Statistics

– According to Triodos Bank, the summer heatwave and drought conditions across Europe might reduce the EU’s gross domestic product by approximately 1% in 2026. This estimated decrease is roughly €180 billion and occurs during a period of already modest

– In a major stride toward achieving strategic independence in space, Brussels-based space authorities formalized a binding implementation agreement with the SpaceRISE consortium to advance the IRIS² satellite constellation project. This agreement marks the culmination of detailed technical and financial

– Factory activity across the Eurozone gained momentum in July, with production expanding at its fastest rate since March 2022. The S&P Global manufacturing purchasing managers’ index increased to 51.9 from 51.4 in June. Any figure above 50 indicates growth.

– European Union has officially established the Scaleup Europe Fund, aiming to raise €5 billion. The European Commission finalized the fund’s legal setup on August 4, 2026. It operates within the European Innovation Council Fund. EQT will oversee investments and

– Britain’s economy maintained its expansion into the early months of 2026, despite persistent upward pressure from inflation, investment, and hiring figures. EY projects a UK gross domestic product growth of 0.9% for 2026 and 1.2% in 2027. The consulting

– UK solar power capacity reached 22.8 gigawatts at the end of June 2026. The Department for Energy Security and Net Zero reported roughly 2.076 million installations nationwide. During June, households, businesses, and developers added 27,391 systems, which contributed an

– On July 29, Brent crude surged past $90 a barrel amid heightened concerns over tighter supplies and renewed Middle East tensions. Brent closed at $90.74, marking a $6.65, or 7.9%, increase during trading. Meanwhile, West Texas Intermediate rose by

– The UK government has allocated a total of £8.4 billion in capital funding to kickstart the fourth major phase of its Dreadnought nuclear submarine program. According to details released by the Prime Minister’s Office, this investment will push forward

– A surprising increase in consumer prices in Belgium caused the headline inflation rate to hit 3.56 percent in July, compared to 3.40 percent in June, according to national statistics released Thursday. The national data from Belgium’s statistics bureau Statbel