Browsing: Business

– Official figures indicated that Denmark’s annual consumer price inflation decelerated to 1.7% in July from 1.9% in June. Statistics Denmark also revealed a 1.3% month-on-month increase in consumer prices, with core inflation holding steady at 2.3%, consistent with June’s

– Sweden’s industrial activity experienced a 1.5% decrease in June compared to the same month last year, according to official statistics. Additionally, production diminished by 0.4% from May after seasonal adjustments. Statistics Sweden indicated that the industrial Production Value Index

– According to Triodos Bank, Europe’s historic summer heatwaves and drought conditions could lead to a reduction of approximately 1% in the European Union’s economic output by 2026. This projected loss amounts to around €180 billion, a figure that nearly

– Following the signing of an expanded implementation deal with the SpaceRISE consortium, the European Commission has authorized the large-scale deployment of the IRIS² satellite constellation. This historic multilateral accord introduces 66 additional Low Earth Orbit satellites, increasing the total

– In July, manufacturing activity across the Eurozone experienced its fastest growth in nearly four and a half years, driven by factories drawing down accumulated order backlogs. The S&P Global manufacturing purchasing managers’ index increased to 51.9 from 51.4 in

– The European Union has introduced the Scaleup Europe Fund, aiming to raise €5 billion in capital to support high-potential technology companies across the continent. On August 4, 2026, the European Commission finalized the legal procedures necessary for establishing this

– As the second half of 2026 begins, the UK economy continues to grow, albeit with some indicators pointing to a slowdown in momentum. EY forecasts that the gross domestic product will increase by 0.9% this year and by 1.2%

– UK solar installed capacity reached 22.8 gigawatts at the close of June 2026, marking a continued stretch of record-breaking installation activity. The Department for Energy Security and Net Zero reported approximately 2.076 million solar systems nationwide. Over the month,

– Oil prices saw a notable increase on July 29, with Brent crude closing above the $90 mark per barrel amid rising concerns over supply disruptions. Brent finished at $90.74, representing a $6.65 rise, or 7.9%, marking its most substantial

– The United Kingdom has announced a substantial funding package of £8.4 billion aimed at supporting its flagship naval defense project, which involves the development of four Dreadnought-class nuclear-powered submarines. According to official information from the Prime Minister’s Office, this