Browsing: Business

– According to Triodos Bank, Europe’s intense summer heat and drought could reduce the European Union’s economic output by about 1% in 2026. This loss is roughly €180 billion and occurs during a year already marked by modest economic expansion.

– In a major move towards European strategic independence, space authorities in Brussels have signed a binding implementation agreement with the SpaceRISE consortium to deploy the IRIS² satellite constellation. This agreement concludes detailed technical and financial negotiations that began in

– Eurozone manufacturing activity picked up in July, with production increasing at its fastest rate since March 2022. The S&P Global manufacturing purchasing managers’ index rose to 51.9 from 51.4 in June. Any figure above 50 signals expansion. The final

– The European Union has officially established the Scaleup Europe Fund, targeting €5 billion in fundraising. The European Commission finalized the fund’s legal setup on August 4, 2026. The fund operates within the European Innovation Council Fund. EQT will oversee

– The UK’s economy kept expanding in early 2026, although inflation, investment, and employment data reveal ongoing challenges. EY predicts the country’s gross domestic product will grow by 0.9% this year and 1.2% in 2027. The consultancy raised its 2026

– UK solar power capacity reached 22.8 gigawatts at the close of June 2026. The Department for Energy Security and Net Zero reported roughly 2.076 million installations nationwide. During June, households, businesses, and developers installed 27,391 new systems, adding 132

– On July 29, Brent crude prices exceeded $90 per barrel amid market reactions to tighter supply and renewed conflicts in the Middle East. Brent closed at $90.74, up by $6.65, or 7.9%, for the day. West Texas Intermediate also

– The UK government has committed an £8.4 billion investment to launch the fourth major phase of building its Dreadnought nuclear submarine fleet. Officially released details from the Prime Minister’s Office reveal that this funding will support the assembly of

– Belgium saw a surprising increase in consumer prices in July, pushing the headline inflation rate to 3.56 percent, up from 3.40 percent in June, according to national figures released Thursday. The Belgium annual inflation rate surpassed predictions, rising to

– Europe’s digital transformation faces a major obstacle due to gaps in education systems. According to a new study by Eurofound, the bloc is unlikely to meet its 2030 employment goal in technology. As reported by Emirates News Agency, the