Browsing: Business

– Data from Statistics Denmark indicates that Denmark’s yearly consumer price inflation declined to 1.7% in July from 1.9% in June. The official figures also reveal a 1.3% month-on-month rise in consumer prices. The core inflation rate remained steady at

– According to official data, Sweden’s industrial activity decreased by 1.5% in June compared to the same month last year. Seasonal adjustments also showed a 0.4% decline from May. Statistics Sweden reported that the Industrial Production Value Index stood at

– According to Triodos Bank, Europe’s record-breaking summer temperatures and drought conditions could lead to a roughly 1% decrease in the European Union’s economic output by 2026. The projected loss amounts to about €180 billion, nearly matching the European Commission’s

– The European Commission has approved the comprehensive deployment of the IRIS² satellite constellation after finalizing an expanded implementation agreement with the SpaceRISE consortium. This significant multilateral deal adds 66 Low Earth Orbit satellites to the existing fleet, bringing the

– Manufacturers across the Eurozone saw their production rise in July at the quickest pace in nearly four and a half years. The S&P Global purchasing managers’ index for manufacturing climbed to 51.9 from 51.4 in June. Values above 50

– The European Union has initiated the Scaleup Europe Fund with a target of raising €5 billion. The European Commission finalized the necessary legal procedures for this fund on August 4, 2026. Operating within the European Innovation Council Fund, the

– As the second half of 2026 unfolds, the UK’s economy continues to grow, though several signs point to diminished momentum. According to EY, the gross domestic product (GDP) is projected to increase by 0.9% this year and 1.2% in

– UK solar capacity reached 22.8 gigawatts by the end of June 2026, marking a new peak in installation activity. The Department for Energy Security and Net Zero reports approximately 2.076 million systems across the nation. During that month, developers,

– Oil prices surged sharply on July 29, with Brent crude closing above $90 a barrel as fears over supply shortages grew. Brent settled at $90.74, gaining $6.65, or 7.9%, marking its strongest daily increase in several weeks. West Texas

– The UK government has announced a substantial £8.4 billion investment to advance its flagship naval defense project, focusing on the development of four Dreadnought-class nuclear submarines. According to official statements from the Prime Minister’s Office, this significant funding aims