Browsing: Business

– During the summer months, Europe experienced record-breaking heat and drought conditions that are projected to result in a potential 1% decrease in the European Union’s economic output in 2026, according to Triodos Bank. This loss is estimated at approximately

– In a significant step toward European strategic autonomy, space authorities in Brussels signed a binding implementation agreement with the SpaceRISE consortium to roll out the IRIS² satellite constellation. Concluding detailed technical and financial negotiations initiated in January 2026, the

– In July, activity within Eurozone manufacturing experienced a notable acceleration, with production levels reaching their fastest rate since March 2022. The S&P Global purchasing managers’ index for manufacturing increased from 51.4 in June to 51.9. Readings above 50 signify

– In a move announced recently, the European Union has officially established the Scaleup Europe Fund with a target of raising €5 billion. The European Commission finalized the legal framework for this fund on August 4, 2026. It is part

– In early 2026, Britain’s economic expansion persisted despite persistent inflationary pressures, investment challenges, and hiring difficulties. According to EY, the UK’s gross domestic product is projected to grow by 0.9% this year and by 1.2% in 2027. The firm

– UK solar power capacity reached 22.8 gigawatts at the close of June 2026. The Department for Energy Security and Net Zero reported approximately 2.076 million installations nationwide. During June alone, households, companies, and developers installed 27,391 systems, adding 132

– On July 29, Brent crude prices surpassed the $90 mark per barrel as markets responded to tightening supply conditions and renewed Middle East tensions. The commodity closed at $90.74, reflecting a gain of $6.65, or 7.9%, during trading. Meanwhile,

– In a significant move, the UK government has committed an £8.4 billion capital fund to fast-track the development of its fourth generation of Dreadnought nuclear submarines. According to details released by the Prime Minister’s Office, this funding will support

– In a surprising development, Belgian consumer prices experienced an unexpected increase, driving the headline inflation rate to 3.56 percent in July, up from 3.40 percent in June, according to official figures released Thursday. The national statistics office, Statbel, disclosed

– As Europe advances its digital transformation, longstanding gaps in education threaten to hinder progress, according to a recent study by the European research organization Eurofound. The report indicates that the European Union is on course to miss its 2030