Browsing: Business

– Eurostat’s latest report indicates that industrial activity within the euro area remained flat in June 2026 compared to May, whereas the European Union experienced a 0.2% increase in output. These seasonally adjusted figures follow a 0.3% growth in both

– Italy’s annual consumer inflation rate decreased to 2.9% in July 2026, down from 3.0% in June. According to final national data published on Aug. 12, consumer prices increased by 0.3% from June. Preliminary data at the end of July

– Statistics Denmark announced that Denmark’s annual inflation rate slowed to 1.7% in July from 1.9% in June. Consumer prices increased by 1.3% from June, driven by notable seasonal rises in multiple travel-related sectors. The core inflation rate remained unchanged

– Official figures from Statistics Sweden indicate that Sweden’s industrial sector experienced a 1.5% decrease in production in June compared to the same month last year. Additionally, after seasonal adjustments, output dipped 0.4% from May, signaling a softer month for

– According to Triodos Bank, Europe’s summer heatwaves and drought conditions could reduce the European Union’s economic output by approximately 1% in 2026. This loss, roughly €180 billion, coincides with a year already characterized by modest economic growth. The European

– In a pivotal move toward Europe’s strategic independence in space, authorities based in Brussels finalized a binding implementation agreement with the SpaceRISE consortium to expand the IRIS² satellite constellation. The negotiations, which focused on technical and financial details, began

– The eurozone’s factory sector experienced an uptick in activity during July, with production levels reaching their fastest rate since March 2022. The S&P Global manufacturing purchasing managers’ index increased to 51.9 from 51.4 in June. A reading above 50

– 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 financial vehicle operates within the European Innovation Council Fund. EQT will

– The UK economy continued its expansion into early 2026, yet persistent inflationary pressures, along with investment and employment figures, highlight ongoing challenges. EY projects the nation’s gross domestic product will grow by 0.9% this year and 1.2% in 2027,

– UK solar power capacity reached 22.8 gigawatts at the close of June 2026. Data from the Department for Energy Security and Net Zero shows approximately 2.076 million solar installations nationwide. During June, households, businesses, and developers installed 27,391 new