Browsing: Business

– Expanding on its previous efforts, the UAE has increased its joint investment initiative with Greece by an extra €15 billion, nearly quadrupling the original programme size. The announcement was made on Thursday, October 22, during an official visit to

– The overall outlook for Italy’s economy appears cautiously optimistic, with the Bank of Italy forecasting a 1% expansion in 2026. This latest projection, outlined in its Economic Bulletin published on October 16, shows an upward adjustment for this year.

– European Union debt levels are expected to reach approximately €1 trillion by the end of 2027, based on the latest annual review from the European Court of Auditors. As of the end of 2025, EU borrowing stood at €738.9

– Amid ongoing global economic shifts, the World Trade Organization has upgraded its projection for worldwide merchandise trade growth in 2026 to 3.9 percent. This revised forecast more than doubles the earlier March estimate of 1.9 percent. The improvement is

– As part of ongoing efforts to strengthen the European Union’s trade defenses, France and Germany have introduced a new proposal aimed at enabling faster responses to significant market distortions. In a meeting with French President Emmanuel Macron and German

– UK mortgage expenses increased once more in early October, with average five-year fixed rates reaching 6.00%. This marked their peak since September 2023. Concurrently, average two-year fixed rates rose to 5.98%, the highest since December 2023. Data from Moneyfacts

– Russia anticipates its 2026 grain harvest will total around 140 million tonnes as farmers wrap up the season. Deputy Prime Minister Dmitry Patrushev stated that farmers had collected more than 126 million tonnes by October 2, with approximately 90%

– Euro area unemployment persisted at 6.4% in August 2026, the same level observed in July. Eurostat reported the figure was 6.3% in August 2025. Across the European Union, the unemployment rate remained at 6.1% for a second consecutive month.

– In the broader European housing market, house prices experienced an increase of 4.7% during the second quarter of 2026 compared to the same period last year, as reported by Eurostat. Alongside this, rental costs went up by 3.0%, indicating

– Russia has sanctioned a comprehensive long-range plan for its coal sector, aiming for an annual production of 662 million tonnes by the year 2050 in accordance with its projected scenario. This initiative extends the country’s coal policies into the