Browsing: Business

– At the start of July, official figures revealed that Sweden’s industrial production experienced a 1.5% decrease in June compared to the same month last year. After seasonal adjustment, output also dipped by 0.4% from May, indicating a softer month

– During the summer months, Europe experienced extreme heat and drought conditions that, according to Triodos Bank, may result in a roughly 1% reduction in the European Union’s economic output in 2026. This potential decline amounts to approximately €180 billion

– In an important move toward boosting European strategic independence, space authorities in Brussels have signed a binding implementation agreement with the SpaceRISE consortium to develop the IRIS² satellite constellation. After concluding detailed technical and financial negotiations that began in

– In July, activity within Eurozone factories experienced a notable uptick, with production expanding at its fastest rate since March 2022. The S&P Global manufacturing purchasing managers’ index (PMI) increased to 51.9 from 51.4 in June. Any reading above 50

– In Brussels, the European Union has officially established the Scaleup Europe Fund, aiming to raise €5 billion. The European Commission finalized the fund’s legal framework on August 4, 2026. This initiative is housed within the European Innovation Council Fund.

– In early 2026, Britain’s economic activity continued its expansion, though ongoing inflation, investment, and employment trends indicated sustained pressures. EY projects the UK’s gross domestic product will grow by 0.9% this year and by 1.2% in 2027. The consultancy

– UK solar power capacity reached 22.8 gigawatts at the close of June 2026. According to the Department for Energy Security and Net Zero, approximately 2.076 million installations have been completed across the nation. During June, households, commercial entities, and

– Brent crude climbed above $90 a barrel on July 29 as oil markets reacted to tighter supplies and renewed Middle East conflict. Brent settled at $90.74, gaining $6.65, or 7.9%, during the session. West Texas Intermediate rose $5.20, or

– In a decisive move, the UK government has allocated £8.4 billion in capital to kickstart the fourth major phase of its Dreadnought nuclear submarine program. Official disclosures from the Prime Minister’s Office reveal that this investment will accelerate assembly

– In July, Belgian consumer prices experienced an unexpected increase, raising the headline inflation rate to 3.56 percent from 3.40 percent in June, according to official figures released Thursday. The national statistics agency Statbel revealed that Belgium’s annual inflation rate