Browsing: Business

EU-Mercosur trade rules shifted on May 1 as the interim accord took provisional effect and began phased tariff reductions for exporters.

Germany’s inflation rate rose to 2.9% in April as energy prices surged, while core and services inflation eased, official data showed.

Europe faces a tighter jet fuel market after Middle East supplies stopped in April, driving prices higher and now reshaping import flows.

EU and US launched a critical minerals pact in Washington, creating a formal framework for trade coordination and supply chain resilience.

EU institutions agreed a roadmap to complete the One Europe One Market agenda by 2027, setting deadlines for trade, energy and digital rules.

EIB approved €10 billion in new financing, with nearly €2 billion for clean energy, grids and efficiency projects across Europe this year.

Austria is set to spend 17.6 billion euros on research in 2026, equal to 3.34% of GDP, keeping the country among the EU leaders this year.

UK unemployment fell to 4.9% in the latest quarter as pay growth slowed, vacancies dropped and payroll employment edged lower in March.

EU exports fell 9.3% in February while imports dropped 3.5%, narrowing the bloc’s external goods surplus to 9.1 billion euros year on year.

WEF says AI, geostrategic competition and demographic pressure are reshaping the new economy and raising the stakes for productivity.