Browsing: Business

– Amid ongoing efforts to strengthen strategic independence in space, Brussels-based space authorities have formalized a binding implementation agreement with the SpaceRISE consortium to expand the IRIS² satellite constellation. Following detailed technical and financial negotiations that began in January 2026,

– Economic activity across the eurozone is showing signs of resilience, supported by a broad increase in private sector output in July. The Eurostat composite output index, which encompasses both manufacturing and services, reached 51.9 in July—its highest point in

– Amid efforts to bolster innovation and technological sovereignty, 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, integrating it within the

– Amidst global economic uncertainties, the UK’s economy managed to avoid slipping into recession in early 2026, although persistent inflation, investment slowdown, and hiring challenges continue to exert pressure. According to EY, the UK’s gross domestic product is projected to

– UK solar power capacity increased to 22.8 gigawatts by the end of June 2026. The Department for Energy Security and Net Zero documented roughly 2.076 million installations nationwide. During June, households, companies, and developers added 27,391 systems, resulting in

– In the context of ongoing geopolitical tensions and supply constraints, crude oil prices experienced notable volatility on July 29. Brent crude surpassed the $90 mark per barrel, responding to concerns over tightening supplies and renewed Middle East hostilities. The

– The United Kingdom’s defense sector is entering a new phase of its nuclear deterrent modernization, supported by a substantial financial commitment. The government has allocated £8.4 billion in capital funding to move forward with the fourth major stage of

– In a context of ongoing price fluctuations, Belgium experienced an unexpected surge in consumer prices, with headline inflation reaching 3.56 percent in July, up from 3.40 percent in June, according to national data published Thursday. The Belgian statistical agency

– Europe’s digital transformation ambitions face significant hurdles due to structural shortcomings in education systems. A recent report by the European research organization Eurofound highlights that the continent is unlikely to meet its 2030 employment target for the technology sector

Structural education deficits threaten to derail Europe’s digital transition goals, as a new study by European research body Eurofound reveals the bloc is on track to miss its 2030 tech employment target by a wide margin. As reported by Emirates