Browsing: Business

– During a visit to Athens on October 22, the United Arab Emirates announced plans to allocate an extra €15 billion to Greece as part of a joint investment strategy between the two nations. This new pledge builds upon a

– In its October 16 Bank of Italy Economic Bulletin, the institution revised Italy’s gross domestic product growth estimate for 2026 to 1%, surpassing previous expectations. The forecast anticipates a slowdown to 0.7% in 2027 before a slight increase to

– European Union borrowing is projected to reach approximately €1 trillion by the end of 2027, according to the latest annual report from the European Court of Auditors. By the end of 2025, EU’s outstanding debt increased over 20%, rising

– In its latest report, the World Trade Organization has increased its projection for worldwide merchandise trade growth in 2026 to 3.9 percent, up from the 1.9 percent forecast issued in March. The organization attributes this revision to robust trade

– In a move announced this week, France and Germany have called on the European Commission to develop a swift mechanism for addressing severe market distortions. French President Emmanuel Macron and German Chancellor Friedrich Merz submitted their proposal directly to

– Average UK five-year fixed mortgage rates reached 6.00% on October 5, returning to levels last seen about three years ago. The average two-year fixed rate rose to 5.98%, its highest since mid-December 2023. Moneyfacts recorded the increase after several

– Russia anticipates its 2026 grain harvest to reach approximately 140 million tonnes as farmers approach the final phase of the harvesting period. Deputy Prime Minister Dmitry Patrushev reported that farmers had 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 Eurostat. In August 2025, the rate was 6.3%. Across the European Union, the unemployment rate also stayed at 6.1% for a second

– European Union property prices experienced a 4.7% increase in the second quarter of 2026 compared to the same period last year. Meanwhile, rental costs grew by 3.0%, maintaining their upward momentum across member states. Eurostat indicated that house prices

– Russia has established a goal of producing 662 million tonnes of coal annually by the year 2050 as part of a recently approved industry development plan. This target is incorporated into the scenario outlined in Russia’s revised coal expansion