Browsing: Business

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

– According to fresh forecasts from the Bank of Italy, the country’s economy is expected to expand by 1% in 2026. The central bank adjusted its outlook upward in its latest Economic Bulletin, issued on October 16, indicating a more

– European Union borrowing is projected to reach approximately €1 trillion by the end of 2027, based on the latest annual review from the European Court of Auditors. At the close of 2025, EU debt stood at €738.9 billion, up

– The World Trade Organization has upgraded its forecast for global merchandise trade expansion in 2026 to 3.9 percent. This new projection more than doubles the 1.9 percent estimate released in March. The upgrade was supported by stronger trade performance

– France and Germany have put forward a new trade instrument for the EU, aiming to enable quicker responses to serious market disruptions. French President Emmanuel Macron and German Chancellor Friedrich Merz presented their plan to European Commission President Ursula

– UK mortgage costs experienced another rise in early October, with the average five-year fixed rate reaching 6.00%. This marked the highest level since September 2023. At the same time, average two-year fixed rates climbed to 5.98%, the highest since

– Russia projects its 2026 grain yield to reach approximately 140 million tonnes as farmers wind down the season. Deputy Prime Minister Dmitry Patrushev reported that farmers had collected more than 126 million tonnes by October 2, having threshed about

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

– During the second quarter of 2026, house prices across the European Union grew by 4.7% compared to the same period the previous year. Rents also saw an uptick of 3.0%, according to Eurostat. When comparing to the first quarter,

– Russia has approved a comprehensive long-term plan for its coal industry, establishing an annual output target of 662 million tonnes by 2050 within its envisioned scenario. This strategy extends the country’s coal policies through the middle of the century.