Browsing: Business

– In Athens on October 22, the United Arab Emirates announced plans for an additional €15 billion investment in Greece, as part of a joint venture aimed at strengthening bilateral economic ties. The statement was made during Sheikh Khaled bin

– In its October 16 Bank of Italy Economic Bulletin, the institution announced an upward revision of the country’s 2026 gross domestic product growth forecast to 1%, surpassing previous predictions. The projected expansion is expected to slow down to 0.7%

– European Union borrowing could reach approximately €1 trillion by the end of 2027, according to the latest annual report from the European Court of Auditors. By the end of 2025, outstanding EU debt had increased by over 20%, reaching

– In its latest update, the World Trade Organization has increased its 2026 forecast for worldwide merchandise trade expansion to 3.9 percent, marking a significant upward revision from the previous 1.9 percent estimate issued in March. The WTO attributed this

– In Brussels, on October 6, France and Germany have called upon the European Commission to establish a swift-response mechanism for addressing severe market disruptions. French President Emmanuel Macron and German Chancellor Friedrich Merz submitted their joint proposal to Commission

– In the UK, as of October 5, average UK five-year fixed mortgage rates have reached 6.00%, marking a return to levels last seen nearly three years ago. The average two-year fixed rate increased to 5.98%, hitting its highest point

– Russia anticipates its 2026 grain yield to approximate 140 million tonnes as farmers enter the final phase of harvesting. Deputy Prime Minister Dmitry Patrushev reported that farmers had already gathered over 126 million tonnes of grain. By October 2,

– Euro area unemployment persisted at 6.4% in August 2026, with no change from July, according to data from Eurostat. The rate was slightly lower at 6.3% in August 2025. Meanwhile, across the European Union, the unemployment rate stayed steady

– European Union property prices experienced a 4.7% increase in the second quarter of 2026 compared to the same period last year. Rents also rose by 3.0%, prolonging the upward trend observed across the bloc. According to Eurostat, house prices

– Russia has outlined a plan to reach an annual coal output of 662 million tonnes by 2050 as part of a newly approved sector initiative. This figure is integrated into the updated coal development strategy in Russia’s revised plan.