Browsing: Business

– During the summer months across Europe, the combination of intense heat and persistent drought conditions could lead to a roughly 1% reduction in the European Union’s economic output in 2026, according to Triodos Bank. This loss is estimated at

– In Brussels, during a pivotal move towards achieving European strategic independence, authorities in the space sector formalized a binding implementation agreement with the SpaceRISE consortium to develop the IRIS² satellite constellation. After concluding comprehensive technical and financial negotiations that

– In July, factory activity across the eurozone experienced a notable uptick, 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. A figure above 50

– In Brussels, on August 4, 2026, the European Union officially announced the creation of the Scaleup Europe Fund, targeting a €5 billion fundraising goal. The European Commission finalized the legal setup of this fund as part of the European

– In early 2026, Britain’s economy demonstrated resilience by avoiding a technical recession, though persistent inflation, investment downturns, and hiring challenges continue to weigh on growth. EY predicts the UK’s gross domestic product will expand by 0.9% in 2026 and

– UK solar power capacity reached 22.8 gigawatts by the end of June 2026. According to the Department for Energy Security and Net Zero, there have been approximately 2.076 million installations nationwide. In June alone, households, businesses, and developers installed

– On July 29, in the oil markets, Brent crude rose above the $90 per barrel mark as traders reacted to tightening supplies and escalating conflicts in the Middle East. Brent closed at $90.74, a rise of $6.65, or 7.9%,

– In the United Kingdom, the government has allocated a total of £8.4 billion in capital funds to move forward with the fourth major phase of constructing its Dreadnought nuclear submarine fleet. Details provided by the Prime Minister’s Office reveal

– In Belgium, July saw an unexpected increase in consumer prices, lifting headline inflation to 3.56 percent, according to official data released Thursday. The national statistics bureau Statbel announced that Belgium’s yearly inflation rate exceeded forecasts, rising above the 3.37

Structural education deficits threaten to derail Europe’s digital transition goals, as a new study by European research body Eurofound reveals the bloc is on track to miss its 2030 tech employment target by a wide margin. As reported by Emirates