Browsing: Business

– On Wednesday, diesel prices stayed high as limited refined-product availability continued to exert upward pressure on fuel markets across the United States and Europe. U.S. ultra-low sulfur diesel futures surged 7.4% on Monday, closing at $4.19 a gallon, marking

– Gold extended its upward trend for a third consecutive session on Tuesday, building on last week’s sharp rebound. Spot gold increased by 1% to $4,432.74 an ounce by 0217 GMT, reaching its highest level since June 5 and surpassing

– Official data revealed that Denmark’s annual inflation rate for consumers eased to 1.7% in July from 1.9% in June. Statistics Denmark reported a 1.3% rise in the consumer price index since June. The core inflation rate remained steady at

– According to recent analysis from Triodos Bank, Europe’s record-breaking summer heat and ongoing drought conditions could result in a nearly 1% reduction in EU economic output by 2026. The predicted loss approximates €180 billion and approaches the European Commission’s

– The cost of fresh vegetables in South Korea has experienced a significant increase as prolonged extreme temperatures have limited shipments and caused damage to farm yields nationwide. Data from Korea Agro-Fisheries & Food Trade Corp. indicated that spinach was

– On Friday, the European Commission finalized a significant enlargement of the European Union’s leading satellite communications system, concluding several months of commercial negotiations with the SpaceRISE industrial consortium. A newly signed implementation agreement marks the transition of the IRIS²

– In June, South Korea achieved a historic $49.73 billion current account surplus, driven mainly by a significant increase in semiconductor exports. The Bank of Korea reported that this figure surpassed the previous monthly high of $38.61 billion recorded in

– In July, manufacturing output across the Eurozone experienced its fastest growth in nearly four and a half years, despite persistent weakness in new orders. The S&P Global Eurozone Manufacturing Purchasing Managers’ Index increased from 51.4 in June to 51.9,

– The European Union has launched the Scaleup Europe Fund, aiming to raise €5 billion to support key technology firms. The European Commission finalized the legal process for the fund on August 4, integrating it into the European Innovation Council

– Headline inflation within OECD economies eased to 4.2% in June 2026 from 4.6% in May, ending three consecutive months of increases. This indicator measures annual changes in consumer prices across the member countries of the organization. In June, inflation