Browsing: Business
– Eurozone manufacturing strengthened in July as factory output reached its fastest pace in nearly four and a half years. The S&P Global manufacturing PMI rose to 51.9 from 51.4 in June. A reading above 50 signals expansion. The final
– The European Union has officially launched the Scaleup Europe Fund, setting a target of raising €5 billion. The European Commission finalized the legal framework for the fund on August 4. Operating within the European Innovation Council Fund, it concentrates
– In June 2026, the OECD reported that annual inflation slowed to 4.2%, a decrease from 4.6% observed in May. This marked the end of three consecutive months of rising inflation figures. While consumer price growth decelerated in 20 member
– The UK economy remains outside recession, but softer investment and hiring have increased scrutiny of its growth outlook. EY expects gross domestic product to expand 0.9% in 2026 after raising its May projection by 0.1 percentage point. The firm
– The stock market surged on Monday with technology shares pushing gains and crude oil prices declining. The Dow Jones Industrial Average increased by 693.38 points, or 1.32%, reaching a new record of 53,178.41. The S&P 500 climbed 1.48% to
– UK solar power capacity reached 22.8 gigawatts at the end of June 2026, marking another increase in national deployment. The Department for Energy Security and Net Zero counted about 2.076 million installations across the country. Households and businesses added
– On Friday, official national economic data confirmed that the Canadian economy expanded by 0.3 per cent in May, signaling a continuation of the economic recovery into a second straight month and surpassing previous government predictions. The monthly Gross Domestic
– A significant step to boost hydrocarbon exploration across Indian ocean basins was approved on Friday by the Union Cabinet led by Prime Minister Narendra Modi. The government announced that it has approved a groundbreaking national project with a budget
– The British government revealed on Wednesday a significant financial commitment aimed at advancing its nuclear deterrent capabilities through a £8.4 billion investment in submarine programme operations. This strategic allocation is designed to modernize the UK’s ongoing at-sea nuclear force.
– Unexpected growth in consumer prices in Belgium during July has reversed recent easing trends, adding to the financial strain on households and businesses. The latest monthly consumer index figures published on Thursday by Statbel, Belgium’s national statistical authority, show