Browsing: Business

IEA’s 2025 report forecasts rising oil and gas demand through 2050, warning global policies are far from meeting key climate and net-zero targets.

UK toy sales rose 8% in early 2025 as adult consumers fueled growth, led by Lego and Pokémon in one of Europe’s strongest retail market recoveries.

UK unemployment rose to five percent in the latest ONS data, the highest since 2021, signaling a cooling labor market and slower economic momentum.

The EU is easing rollout of its landmark AI Act after months of pressure from Big Tech firms seeking more time for compliance with new regulations.

OPEC plus nations, including Saudi Arabia and Russia, will pause oil output increases in early 2026 to maintain market balance and review global demand.

Italy seizes €1.3bn from Campari owner Lagfin in a tax fraud probe over undeclared gains during a corporate merger, confirming no charges against Campari.

Mauritania and France signed a €39.2m deal to fund 10 solar power plants with battery storage to boost energy access and improve grid reliability.

ECB keeps rates unchanged at 2% as inflation nears target and eurozone growth remains stable amid global challenges.

EU pasta output reached 6 million tonnes in 2024, valued at €9.1 billion, with Italy producing 69 percent and leading both production and exports.

Russia sets a 66 percent increase target for non-energy exports by 2031, focusing on trade diversification across Asia, Africa, and Latin America.