Browsing: Business

– The United Arab Emirates is set to increase its investment in Greece by an additional €15 billion through a collaborative effort between the two nations. This development was announced on October 22 during the official visit of Sheikh Khaled

– The Bank of Italy projects that the country’s gross domestic product will expand by 1% in 2026, exceeding earlier estimates. Following this, growth is expected to decrease to 0.7% in 2027 before slightly rising to 0.8% in 2028. The

– European Union borrowing is projected to hit approximately €1 trillion by the end of 2027, according to the latest annual report from the European Court of Auditors. The total of outstanding EU debt increased over 20% to €738.9 billion

– The World Trade Organization has revised its projection for global merchandise trade growth in 2026, now estimating an increase of 3.9 percent. This marks a significant upward revision from the 1.9 percent forecast issued in March. The organization attributed

– France and Germany have called on the European Commission to develop a swift trade instrument designed to address serious market disruptions. French President Emmanuel Macron and German Chancellor Friedrich Merz submitted their proposal to Commission President Ursula von der

– On October 5, the UK five-year fixed mortgage rates reached 6.00%, marking a return to levels not seen in approximately three years. The average two-year fixed rate increased to 5.98%, reaching its highest point since mid-December 2023. This rise

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

– Euro area unemployment held at 6.4% in August 2026, unchanged from July, according to Eurostat. The rate stood at 6.3% in August 2025. Across the European Union, unemployment remained at 6.1% for a second month. That compared with 6.0%

– European Union house prices increased by 4.7% in the second quarter of 2026 compared to the same period last year. During this time, rents went up by 3.0%, marking a further extension of their upward trend across the bloc.

– Russia has established a target to produce 662 million tonnes of coal annually by 2050 as part of a newly ratified sector development plan. This figure is included in the scenario outlined within Russia’s revised coal expansion strategy. In