Browsing: Business

– Aiming to strengthen economic ties, the United Arab Emirates is planning an extra €15 billion investment in Greece through a collaborative effort between the two nations. This development was announced on October 22 during Sheikh Khaled bin Mohamed bin

– The Bank of Italy has increased its projection for the country’s gross domestic product growth in 2026 to 1%, surpassing earlier estimates. The forecast indicates a slowdown to 0.7% in 2027, followed by a modest rise to 0.8% in

– 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. By the close of 2025, outstanding EU debt increased over 20%, reaching €738.9 billion,

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

– The World Trade Organization has increased its forecast for global merchandise trade expansion in 2026 to 3.9 percent, a significant rise from the previous estimate of 1.9 percent issued in March. The WTO attributed this upward revision to robust

– In a bid to enhance the European Union’s response to market distortions, France and Germany have called on the European Commission to establish a swift trade intervention mechanism for serious disruptions. French President Emmanuel Macron and German Chancellor Friedrich

– On October 5, the UK five-year fixed mortgage average rate hit 6.00%, reaching a level last observed nearly three years ago. Meanwhile, the typical two-year fixed rate increased to 5.98%, marking its highest point since mid-December 2023. Moneyfacts reported

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

– Euro area unemployment remained 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, unemployment stayed at 6.1% for a second consecutive month, compared

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