Browsing: Business

Eurozone factory output expanded at its fastest pace in nearly four and a half years in July, while new demand remained weak. The S&P Global Eurozone Manufacturing Purchasing Managers’ Index rose to 51.9 from 51.4 in June. That marked its

The European Union has established the Scaleup Europe Fund, targeting €5 billion for strategic technology companies. The European Commission completed the fund’s final legal steps on August 4. The action placed the vehicle inside the European Innovation Council Fund. EQT

Headline inflation across OECD economies eased to 4.2% in June 2026 from 4.6% in May, ending three straight monthly increases. The measure tracks annual changes in consumer prices across the group’s member countries. Inflation declined in 20 economies, increased in

Oil prices extended their decline on Wednesday, deepening a selloff that pushed both major benchmarks to three-week lows. Brent crude futures fell 92 cents, or 1.2%, to $78.44 a barrel by 3:30 a.m. GMT. U.S. West Texas Intermediate futures dropped

The UK economy remains outside recession, but fresh forecasts show rising pressure from global energy disruption. EY raised its 2026 growth forecast to 0.9%, from 0.8% in May. It kept its 2027 baseline at 1.2%. That forecast assumes the Strait

U.S. stocks rallied Monday as Big Tech shares advanced and oil prices dropped sharply. The Dow Jones Industrial Average climbed 693.38 points, or 1.32%, to a record close of 53,178.41. The S&P 500 rose 1.48% to 7,600.50, finishing just below

The U.S. dollar remained sharply weaker against the Japanese yen on Tuesday after coordinated currency intervention by Japan and the United States. Early Asian trading placed the yen near 157.35 per dollar. It had reached about 155.20 on Monday, its

UK solar capacity reached 22.8 gigawatts at the end of June 2026, extending a sharp rise in deployment. The Department for Energy Security and Net Zero recorded about 2.076 million installations nationwide. Developers added 27,391 systems during June, contributing 132

Oil prices surged on July 29, pushing Brent crude above $90 a barrel as renewed Middle East fighting and tighter U.S. inventories lifted global benchmarks. Brent futures settled at $90.74, up $6.65, or 7.9%. West Texas Intermediate gained $5.20, or

Official national economic tracking data released on Friday confirms the Canadian economy grew 0.3 per cent in May, extending a broader economic recovery into a second consecutive month and surpassing earlier government forecasts. According to monthly Gross Domestic Product figures