Browsing: Business

– The UAE has enhanced its collaborative investment effort with Greece by committing an extra €15 billion, nearly quadrupling the initial scheme. This development was revealed on Thursday, October 22, during an official visit to Athens by Sheikh Khaled bin

– According to the latest forecasts from the Bank of Italy, the country’s economy is expected to expand by 1% in 2026. The central bank upgraded its outlook for this year in its recent Economic Bulletin, published on October 16,

– European Union borrowing could reach approximately €1 trillion by the year 2027, based on the latest yearly evaluation from the European Court of Auditors. As of the end of 2025, EU debt stood at €738.9 billion, up from €601.3

– The World Trade Organization has upgraded its projection for global merchandise trade expansion in 2026 to 3.9 percent, a significant increase from the earlier March estimate of 1.9 percent, driven by stronger trade momentum in the first half, shifts

– France and Germany have introduced a new instrument aimed at expediting EU responses to significant market distortions. French President Emmanuel Macron and German Chancellor Friedrich Merz presented this proposal to European Commission President Ursula von der Leyen, seeking to

– UK mortgage expenses climbed once again in early October, with average five-year fixed rates reaching 6.00%, marking their highest point since September 2023. Meanwhile, the average two-year fixed rates also surged to 5.98%, the highest since December 2023. According

– Russia anticipates its 2026 grain harvest will reach approximately 140 million tonnes as farmers draw the season to a close. Deputy Prime Minister Dmitry Patrushev reported that farmers had gathered more than 126 million tonnes by October 2, with

– Euro area unemployment remained at 6.4% in August 2026, matching the rate recorded in July. Eurostat said the rate stood at 6.3% in August 2025. Across the European Union, unemployment held at 6.1% for a second consecutive month. The

– In the second quarter of 2026, house prices across the European Union experienced a rise of 4.7% compared to the same period the previous year, with rents also increasing by 3.0%, as reported by Eurostat. When comparing to the

– Russia has officially authorized a comprehensive long-range plan for its coal sector, establishing an annual production goal of 662 million tonnes by the year 2050 in line with its projected scenario. This initiative extends the nation’s coal policies through