Browsing: Business

– During an official visit to Athens on October 22, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, revealed plans for the United Arab Emirates to contribute an additional €15 billion to Greece as part

– In its October 16 Bank of Italy Economic Bulletin, the central bank announced an upgraded forecast, expecting Italy’s gross domestic product to expand by 1% in 2026, surpassing earlier predictions. The growth rate is then anticipated to slow to

– European Union borrowing is expected to hit approximately €1 trillion by the close of 2027, according to the latest annual report from the European Court of Auditors. As of the end of 2025, outstanding EU debt increased by over

– As of 2026, the World Trade Organization has upgraded its forecast for worldwide merchandise trade expansion to 3.9 percent. This marks a notable rise from the 1.9 percent predicted in March. The WTO explained that increased trade activity in

– In recent discussions, France and Germany have urged the European Commission to establish a faster mechanism for responding to serious market distortions. French President Emmanuel Macron and German Chancellor Friedrich Merz submitted the proposal directly to Commission President Ursula

– In early October, the average UK five-year fixed mortgage rates hit 6.00%, a level not seen since roughly three years prior. Meanwhile, the typical two-year fixed rate climbed to 5.98%, marking its highest point since mid-December 2023. Data from

– Russia anticipates its 2026 grain harvest will reach approximately 140 million tonnes as farmers enter the final phase of the season. Deputy Prime Minister Dmitry Patrushev indicated that farmers have already gathered over 126 million tonnes of grain. As

– Euro area unemployment persisted at 6.4% in August 2026, with no change from July, as reported by Eurostat. The rate was 6.3% in August 2025. Within the European Union, unemployment remained steady at 6.1% for a second consecutive month,

– European Union house prices experienced a 4.7% increase in the second quarter of 2026 compared to the same period last year. During the same timeframe, rents went up by 3.0%, extending their upward trajectory across the bloc. Eurostat indicated

– Russia has established an ambitious target to produce 662 million tonnes of coal annually by 2050 as part of a newly approved strategic industry plan. This figure is integrated into the revised coal development framework, with current production estimated