Browsing: Business

– According to official statistics, Denmark experienced a slowdown in its annual consumer price inflation rate, which decreased to 1.7% in July from 1.9% in June. The data from Statistics Denmark also indicated a 1.3% monthly rise in consumer prices.

– Official data indicates that Sweden’s industrial production contracted by 1.5% in June compared to the same month in the previous year. Additionally, after seasonal adjustment, output saw a decrease of 0.4% from May. According to Statistics Sweden, the industrial

– According to Triodos Bank, Europe’s extreme summer temperatures and drought conditions could cause a decline of approximately 1% in the European Union’s economic output in 2026. The predicted loss amounts to about €180 billion, nearly matching the European Commission’s

– The European Commission has authorized the full deployment of the IRIS² satellite system after signing a broader implementation agreement with the SpaceRISE consortium. This significant multilateral deal adds 66 Low Earth Orbit spacecraft to the fleet, increasing the total

– In July, manufacturing output across the Eurozone expanded at its quickest pace in nearly four and a half years. The S&P Global purchasing managers’ index for manufacturing rose to 51.9 from 51.4 in June. Values above 50 signal growth,

– The European Union has initiated the Scaleup Europe Fund aiming to raise €5 billion. The European Commission finalized the necessary legal procedures for the fund on August 4, 2026. Operating within the European Innovation Council Fund, it aims to

– As the UK moves into the latter half of 2026, economic growth remains evident, although several indicators suggest weakened momentum. According to EY, the gross domestic product is forecasted to increase by 0.9% this year and by 1.2% in

– UK solar capacity reached 22.8 gigawatts at the close of June 2026, marking a sustained period of record-breaking installations. The Department for Energy Security and Net Zero reported approximately 2.076 million systems nationwide. During that month, developers, commercial entities,

– Oil prices surged notably on July 29, with Brent crude closing above $90 a barrel as concerns over supply intensified. Brent ended at $90.74, reflecting an increase of $6.65, or 7.9%, marking its most significant daily gain in several

– The United Kingdom has announced an infusion of £8.4 billion into its leading naval defense project, which is set to drive the development of four Dreadnought-class nuclear-powered submarines. Official statements from the Prime Minister’s Office reveal that this substantial