Browsing: Business

– The United Arab Emirates plans to inject an extra €15 billion into Greece as part of a bilateral investment effort. Announced on October 22 during Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, visit

– The Bank of Italy has increased its projection for Italy’s gross domestic product to grow by 1% in 2026, surpassing its earlier estimate. The central bank’s Economic Bulletin, published on October 16, details that economic growth is expected to

– European Union borrowing could hit approximately €1 trillion by the end of 2027, according to its latest annual report from the European Court of Auditors. By the end of 2025, outstanding EU debt had increased by over 20%, reaching

– The World Trade Organization has revised its 2026 forecast for global merchandise trade growth upward to 3.9 percent, representing a significant increase from the 1.9 percent estimate issued in March. This positive outlook is driven by stronger trade performance

– France and Germany have urged the European Commission to create a rapid-response trade tool for serious market distortions. French President Emmanuel Macron and German Chancellor Friedrich Merz sent the proposal to Commission President Ursula von der Leyen. Their joint

– On October 5, the UK five-year fixed mortgage average rate reached 6.00%, marking levels not seen in about three years. Meanwhile, the typical two-year fixed rate increased to 5.98%, its highest since mid-December 2023. The rise was noted by

– Russia anticipates its 2026 grain yield to reach approximately 140 million tonnes as farmers enter the final phase of the harvest season. Deputy Prime Minister Dmitry Patrushev reported 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 released by Eurostat. In August 2025, the rate was slightly lower at 6.3%. The European Union also saw its unemployment rate

– European Union house prices experienced a 4.7% increase in the second quarter of 2026 compared to the same period last year. During this period, rents also rose by 3.0%, marking an extension of the upward trend across the bloc.

– Russia has outlined an objective to produce 662 million tonnes of coal annually by 2050 as part of a recently approved industry strategy. This target is incorporated into Russia’s revised coal development blueprint, with current production at roughly 443