Browsing: Business

– The United Arab Emirates is set to boost its financial engagement with Greece by investing an extra €15 billion through a joint initiative between the two nations. This development was announced on October 22 during Sheikh Khaled bin Mohamed

– The Bank of Italy has revised its outlook, now anticipating the country’s gross domestic product will expand by 1% in 2026, exceeding earlier predictions. The forecast indicates a slowdown to 0.7% in 2027, with a slight increase to 0.8%

– 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 rose more than 20% to €738.9 billion at the end of 2025.

– The World Trade Organization has elevated its 2026 forecast for worldwide merchandise trade expansion to 3.9 percent, marking a notable rise from the 1.9 percent projection issued in March. The organization attributed this upward revision to robust trade activity

– The European Commission faces renewed calls to enhance its trade defense tools after France and Germany pressed for quicker and more robust measures against market distortions. French President Emmanuel Macron and German Chancellor Friedrich Merz submitted a joint proposal

– The UK five-year fixed mortgage rates reached 6.00% on October 5, marking a return to levels last observed about three years ago. Meanwhile, the average two-year fixed rate increased to 5.98%, its highest point since mid-December 2023. According to

– Russia anticipates its 2026 grain harvest reaching approximately 140 million tonnes as farmers approach the final stages of the season. Deputy Prime Minister Dmitry Patrushev stated that farmers had already gathered more than 126 million tonnes of grain, with

– Euro area unemployment persisted at 6.4% in August 2026, showing no change from July, according to data published by Eurostat. The same rate was 6.3% in August 2025. The European Union maintained a consistent unemployment rate of 6.1% for

– European Union has observed an increase of 4.7% in house prices during the second quarter of 2026 compared to the same period last year. Rents also saw a rise of 3.0%, sustaining their upward trend throughout the bloc. Eurostat

– Russia has established a target of producing 662 million tonnes of coal annually by 2050 as part of a newly endorsed industry development plan. This target is incorporated within the scenario outlined in Russia’s revised coal expansion strategy. In