Browsing: Business

– The United Arab Emirates has announced its plan to channel a further €15 billion into Greece through a bilateral investment initiative between the two nations. This development was revealed on October 22 during the official visit of Sheikh Khaled

– The Bank of Italy has increased its forecast for Italy’s gross domestic product growth in 2026 to 1%, surpassing its previous prediction. The growth rate is anticipated to slow to 0.7% in 2027 before slightly increasing to 0.8% in

– European Union borrowing could reach about €1 trillion by the end of 2027, the European Court of Auditors said in its latest annual report. Outstanding EU borrowing increased more than 20% to €738.9 billion at the close of 2025,

– The World Trade Organization has revised its forecast for worldwide merchandise trade growth in 2026, increasing it to 3.9 percent from the previous estimate of 1.9 percent issued in March. The organization attributed this upward revision to robust first-half

– France and Germany have called on the European Commission to establish a swift-response mechanism for addressing serious market distortions. French President Emmanuel Macron and German Chancellor Friedrich Merz submitted their proposal to Commission President Ursula von der Leyen. Their

– On October 5, the average UK five-year fixed mortgage rates climbed to 6.00%, marking a return to levels last seen approximately three years ago. Concurrently, the average two-year fixed rate rose to 5.98%, reaching its highest point since mid-December

– Russia anticipates its 2026 grain yield to be approximately 140 million tonnes as farmers enter the final phase of the harvest season. Deputy Prime Minister Dmitry Patrushev stated that harvesters had already gathered over 126 million tonnes of grain,

– Euro area unemployment persisted at 6.4% in August 2026, showing no change from July, as reported by Eurostat. The same rate was 6.3% in August 2025. Meanwhile, across the European Union, the unemployment rate held steady at 6.1% for

– European Union house prices saw an increase of 4.7% in the second quarter of 2026 compared to the same period the previous year, while rents grew by 3.0%, further sustaining their upward trend within the bloc. According to Eurostat,

– Russia has formalized a goal to produce 662 million tonnes of coal annually by 2050 as part of a newly endorsed industry development strategy. This figure is included within the projected scenarios of Russia’s revised coal growth blueprint. In