Euro Area consumer confidence was confirmed at -17.7 in June 2026, up from -19 in May, marking the second consecutive month of improvement.In the broader European Union, consumer sentiment also increased to -17 from -18.2 the month before, as consumers grew less pessimistic about the economy and th…
The latest Money and Credit report showed that mortgage approvals declined to 56,200 from 66,000 in April, coming in below the average of 63,300 over the previous six months.Approvals for remortgaging - which only capture remortgaging with a different lender - also fell, to 33,300 in May from 51,20…
Major Chinese electric vehicle battery makers on Monday pledged to pay their suppliers more quickly, as part of wider efforts to ease financial strain across the auto industry.Price wars and weakening demand have squeezed margins across China's vehicle industry, where suppliers have suffered from i…
LONDON, June 29 (Reuters) - The European Union sold 2.818 million spot EU carbon permits on EEX at 79.01 euros per tonne each on Monday, the exchange said.Date Market area Auction type Auction Price Amount auctioned Cover ratio29-Jun-2026 EU EUA…
Majda MuhsenKuwait National Petroleum Company (KNPC) is preparing to issue a tender for a major flare gas recovery project at the Mina Al Ahmadi Refinery and Gas Plant, local Arabic-language daily Aljarida reported on Sunday.The report said the project, which is included in KNPC's fiscal 2025-26 ca…
Net mortgage approvals for UK house purchases fell to 56,205 in May 2026, down from a revised 66,034 in April and below market expectations of 62,900.This marked the lowest level since December 2023 and well under the six-month average of 63,300, as rising mortgage rates and weakened consumer confi…
By Deborah KyvrikosaiosIn a vineyard on the Greek island of Santorini, winemaker Yiannis Boutaris gestures to a dried-up ‘kouloura’ vine trained into the shape of a basket to protect the grapes from the gruelling summer sun. The plant endured for 90 years but was finally killed by heat and drought…
The Spanish government expects the country's economy to grow by 2.6% in 2026, up from a prior forecast of 2.2% annual growth, the Economy Ministry said on Monday.
Slovenia's retail sales rose 1.8% year-on-year in May 2026, slowing from a downwardly revised 3.3% increase in the previous month.It marked the lowest reading since February, largely driven by a 2.3% decline in food retail segment.Meanwhile, motor fuel sales climbed 13.3%, while non-food retail sal…
Net borrowing of consumer credit by individuals in the UK eased to £1.66 billion in May of 2026 from the downwardly revised £1.71 billion in the prior month and missing market forecasts of £1.8 billion.This was slightly below the previous 6-month average of £1.9 billion.Within this, net borrowing t…
Riyadh, Saudi Arabia – JLL, a leading global professional services firm specialising in real estate and investment management, has been appointed as the exclusive leasing agent for Al Bustan Business Park, a new Grade A commercial development by Olayan Financing Company.Located in Northern Riyadh’s…
Dubai, UAE – The Dubai Financial Audit Authority (FAA) announced that its Academy has been accredited by the National Association of State Boards of Accountancy (NASBA) as an approved Continuing Professional Education (CPE) Sponsor. This marks a significant achievement that further strengthens the…
UK mortgage approvals dropped sharply in May as the earlier rush to lock in loans ahead of interest-rate hikes faded, according to Bloomberg.
Cairo – The rapid expansion of AI-driven data centers is not only increasing electricity demand, but making it significantly harder to predict, challenging how power systems are planned and delivered. A large majority of electricity executives expect more extreme and less predictable demand spikes…
By Dharamraj DhutiaSome Indian banks could see stronger interest margins in the July-September quarter as the central bank's measures boost rupee liquidity and reduce the cost of borrowing for funds that mature within a year, four bankers said.Certificates of deposit (CDs), which banks use to raise…
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European Central Bank Governing Council member Martins Kazaks said the ECB doesn’t need to raise borrowing costs several times quickly, according to Bloomberg.Kazaks made the comments in an interview with Econostream Media.
Copyright RTT News/dpa-AFX
Copyright RTT News/dpa-AFX
Copyright RTT News/dpa-AFX
