Producer prices in Hungary decreased by 0.7% year-on-year in May 2026, reversing a 0.3% rise in the previous month.Non-domestic output prices continued to drop (-1.8% vs -0.5% in April), while growth in domestic output prices eased (1.9% vs 2.2%).By sector, manufacturing costs fell further (-2.2% v…
Oil prices could stay higher than prewar levels as energy firms and governments rebuild their inventories, European Central Bank Chief Economist Philip Lane says. Brent crude prices have fallen back to prewar levels in the last week. But demand for oil for restocking purposes could keep the oil pri…
Household consumption of goods in France grew by 0.5% month-on-month in May 2026, exceeding market estimates of 0.2% and recovering from a 0.5% fall in the previous month.Energy expenditures rebounded (2.3% vs -3.2% in April), driven by the sharp rebound in gas and electricity consumption following…
Growth was driven by an increase in all three sectors, the ONS said, with the largest contribution from the services sector, which grew 0.8%.Liz McKeown, director of economic statistics at the ONS, said: "Services were the main driver of growth in the latest quarter, with strengths in computer prog…
TOKYO (dpa-AFX) - Japan's industrial production expanded for the second straight month in May, though at a slower than expected rate, official data showed on Tuesday.Industrial production rose 0.5 percent month-on-month in May, the same as in the previous month, the Ministry of Economy, Trade and I…
By Don Nico ForbesFrench inflation eased more than expected in June, suggesting price pressures are beginning to soften amid falling energy costs due to easing tensions between the U.S. and Iran.Consumer price growth slowed to 2.0% on year from 2.8% in May, according to EU-harmonized data published…
French consumer prices rose less than expected in June, preliminary data from statistics agency INSEE showed on Tuesday.France's harmonized inflation rate, adjusted for comparison with other euro zone countries, was 2% year-on-year in June.A Reuters poll of 17 analysts had on average expected a rat…
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Staff WriterABU DHABI - The UAE Fuel Price Committee has approved lower fuel prices for July 2026, with prices falling from June levels, reflecting changes in global markets.The approved prices are as follows:Super ''98'': AED3.40 per litre.Special ''95'' : AED3.29 per litre.E-Plus ''91'': AED3.21…
The upcoming Bank of Japan tankan survey could indicate a further upward shift in corporate inflation expectations, says Mizuho Securities economist Ryosuke Katagi. Given that oil prices have been high since the previous March survey, companies could raise their price outlooks in the June report, h…
The UK economy expanded by 0.9% year-over-year in Q1 2026, revised down from the preliminary estimate of 1.1% and matching the revised pace recorded in the previous quarter.Growth was driven by a 1.2% increase in services output, while production declined 0.1% and construction fell 1.6% from a year…
Staff WriterA consortium led by France’s EDF power solutions has signed a deal with Oman’s Authority for Public Services Regulation to build a 2,000-megawatt (MW) Jabal Abyad Pumped Hydro Energy Storage (PHES) project in Oman that would become the largest hydro plant in the Middle East.The other me…
By Amanda LeeSingapore households' energy costs are set to rise, which could damp consumer spending and weigh on economic growth.Like many countries in the region, Singapore relies heavily on energy imports from the Middle East. "Natural gas prices had increased sharply from the end of February and…
The Danish economy expanded by 1.5% quarter-on-quarter in the first quarter of 2026, falling short of initial estimates for a 1.9% growth but accelerating from a 0.5% expansion in the previous period.Despite the revision, the growth remained broad-based, with sectors beyond pharmaceuticals, includi…
Kenya's inflation rate (KECPI=ECI) slowed to 6.4% year on year in June from 6.7% in May, the statistics office said on Tuesday.
Hungary posted a foreign trade surplus (HUTRD=ECI) of €501.8 million in May, the Central Statistics Office (KSH) said on Tuesday.Exports rose by an annual 7.4% in euro terms in May, while imports grew by 6.3% year-on-year, the KSH said.
Takashimaya Co Sees FY Net Y38.00B
Crypto exchange users in Australia will soon face stricter rules on all transfers as the country’s travel rule is set to come into force on Wednesday, aligning it with similar rules in the EU, US and UK.From July, all crypto sent and received on locally-regulated crypto exchanges will require users…
The UK Civil Aviation Authority said on Tuesday that it had proposed a temporary cap of £28.398 ($37.56) per passenger on charges levied by Heathrow Airport on airlines for 2027, with a consultation on final prices running until July 28.($1 = 0.7561 pounds)
