Browsing: Business

– The UAE has broadened its collaborative investment effort with Greece with an additional €15 billion, nearly quadrupling the initial amount. The announcement was made on Thursday, October 22, during an official visit to Athens by Sheikh Khaled bin Mohamed

– The Bank of Italy forecasts a 1% expansion for Italy’s economy in 2026, as revealed in recent projections. The central bank elevated its outlook for this year in its latest Economic Bulletin, published on October 16, expecting growth to

– European Union borrowing is expected to approach €1 trillion by 2027, according to the latest annual report from the European Court of Auditors. At the end of 2025, EU borrowing stood at €738.9 billion, compared to €601.3 billion the

– The World Trade Organization has increased its projection for global merchandise trade expansion in 2026 to 3.9 percent, surpassing the March estimate of 1.9 percent. The upgrade was supported by stronger trade performance in the first half, supply chain

– France and Germany have put forward a new EU trade mechanism aimed at enabling quicker responses to significant market disruptions. French President Emmanuel Macron and German Chancellor Friedrich Merz shared the plan with European Commission President Ursula von der

– UK mortgage costs increased once again in early October, with five-year fixed rates reaching 6.00%, marking their highest point since September 2023. Meanwhile, average two-year fixed rates also grew to 5.98%, the highest since December 2023. This rise was

– Russia anticipates its 2026 grain harvest will reach approximately 140 million tonnes as farmers wrap up the season. Deputy Prime Minister Dmitry Patrushev reported that farmers had collected over 126 million tonnes by October 2, with roughly 90% of

– Euro area unemployment persisted at 6.4% in August 2026, consistent with July’s figure. Eurostat indicated the rate was 6.3% in August 2025. In the European Union, unemployment remained at 6.1% for the second month in a row. The EU

– Housing prices throughout the European Union increased by 4.7% in the second quarter of 2026 compared to the same period last year, with rents also climbing 3.0%, according to Eurostat. When comparing to the first quarter, the EU saw

– Russia has approved a comprehensive long-term coal industry strategy aiming for an annual output of 662 million tonnes by 2050, aligned with its projected scenario. This plan extends the country’s coal policy into the middle of the century, with