Browsing: Business

– Official figures indicated that Denmark’s yearly inflation rate slowed to 1.7% in July from 1.9% in June. Statistics Denmark also reported a 1.3% rise in consumer prices for the month. Meanwhile, core inflation remained steady at 2.3%, consistent with

– According to official statistics, Sweden’s industrial output decreased by 1.5% in June compared to the same month in the previous year. Seasonal adjustment showed a 0.4% decline from May. Statistics Sweden reported that the industrial Production Value Index was

– According to Triodos Bank, Europe’s record-breaking summer temperatures and drought conditions might decrease the European Union’s economic output by approximately 1% in 2026, equating to around €180 billion. This projected loss nearly matches the European Commission’s forecast for 1.1%

– The European Commission has authorized the large-scale deployment of the IRIS² satellite system after finalizing an expanded implementation contract with the SpaceRISE consortium. This historic multilateral pact adds 66 Low Earth Orbit satellites to the project, increasing the total

– Eurozone manufacturers boosted their output in July at the quickest pace seen in nearly four and a half years, with the S&P Global manufacturing purchasing managers’ index increasing to 51.9 from 51.4 in June. Readings above 50 signify expansion,

– The European Union has initiated the Scaleup Europe Fund with a target of raising €5 billion. The European Commission finalized the legal steps for the fund on August 4, 2026, which will operate under the European Innovation Council Fund

– The UK economy started the second half of 2026 with continued growth, although several indicators pointed to a slowdown in momentum. EY predicts a 0.9% increase in gross domestic product for 2026 and a 1.2% rise in 2027, revising

– UK solar capacity reached 22.8 gigawatts at the end of June 2026, marking a new record for installation activity. The Department for Energy Security and Net Zero reported approximately 2.076 million systems nationwide. During that month, developers, businesses, and

– Oil prices surged sharply on July 29, with Brent crude closing above $90 a barrel amid mounting supply concerns. Brent settled at $90.74, rising $6.65, or 7.9%, marking its most significant daily gain in weeks. West Texas Intermediate increased

– Britain has unveiled an £8.4 billion funding injection into its flagship naval defense enterprise, driving forward the build of four Dreadnought-class nuclear-powered submarines. Official updates from the Prime Minister’s Office outline that the multi-billion-pound package aims to modernize national