Browsing: Business

– The UAE has increased its joint investment initiative with Greece by an extra €15 billion, nearly quadrupling the size of the initial program. The announcement was made on Thursday, October 22, during an official visit to Athens by Sheikh

– According to fresh estimates from the Bank of Italy, the nation’s economy is projected to expand by 1% in 2026. The central bank increased its prediction for this year in its latest Economic Bulletin, issued on October 16. It

– European Union borrowing is expected to reach approximately €1 trillion by the end of 2027, according to the most recent annual evaluation from the European Court of Auditors. As of the end of 2025, EU borrowing had climbed to

– World Trade Organization has upgraded its global merchandise trade growth forecast for 2026 to 3.9 percent, more than doubling the previous March estimate of 1.9 percent. The revision was driven by increased trade activity in the first half of

– France and Germany have put forward a novel EU trade tool aimed at enabling quicker responses to significant market disruptions. French President Emmanuel Macron and German Chancellor Friedrich Merz introduced the initiative to European Commission President Ursula von der

– UK mortgage costs increased once again in early October, reaching 6.00% for the average five-year fixed rate. This marked the highest point since September 2023. Meanwhile, average two-year fixed rates climbed to 5.98%, their peak since December 2023. Moneyfacts

– Russia is projecting its 2026 grain harvest to reach approximately 140 million tonnes as farmers wind down the season. Deputy Prime Minister Dmitry Patrushev stated that farmers had collected more than 126 million tonnes by October 2. By that

– Euro area unemployment remained steady at 6.4% in August 2026, the same as in July. Eurostat reported that the rate was 6.3% in August 2025. Within the European Union, the unemployment figure held at 6.1% for a second straight

– During the second quarter of 2026, house prices throughout the European Union experienced a 4.7% increase from the same period last year. Concurrently, rental rates went up by 3.0%, based on data from Eurostat. When comparing with the first

– Russia has ratified a comprehensive long-term plan for its coal sector, setting an annual production goal of 662 million tonnes by 2050 according to its projected scenario. This initiative extends the country’s coal industry policies through the mid-century. In