Economy

Economic News

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Spain Jobless Lowest Since Jan 2008

Spain’s registered unemployment fell by 28.739 thousand from the previous month to 2.291 million in June 2026, marking the first time the total has dropped below the 2.3 million threshold since January 2008.Still, the decline was softer than the market expectations of a 40.8 thousand drop.Notably…

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Economy
trading-economics

US Hiring Expected to Cool in June

The US economy is expected to have added 110K jobs in June 2026, marking the smallest monthly increase in employment in four months, following three consecutive months of stronger-than-expected gains in nonfarm payrolls.In May, payrolls rose by 172K, although some analysts suggest that hiring relat…

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Economy
NEWS zawya

ZAWYA: UNDP and AmCham Kuwait convene businesses on sustainable procurement

Kuwait: The United Nations Development Programme (UNDP) in Kuwait and the American Business Council - Kuwait (ABCK) - AmCham Kuwait convened private sector businesses for an introductory session on Sustainable Public Procurement (SPP), aimed at helping businesses understand how procurement is evolv…

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Economy
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ZAWYA: Higher deals keep UAE real estate sector robust

N. SaeedThe UAE real estate sector showed robust growth in the first quarter of 2026, driven by rising transaction volumes across Abu Dhabi and Dubai, the central bank said.Sustained demand from international investors and a growing local population supported this expansion, it said in its quarterl…

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Economy
NEWS reuters

German coalition plans €10 billion annual tax relief

Germany's coalition government plans tax relief worth €10 billion ($11.39 billion) annually, it said on Thursday.The funding for the tax reform will come primarily from changes to the wealth tax, according to a joint document.($1 = 0.8777 euros)

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Economy
NEWS reuters

China, EU to have second trade, investment consultation mechanism meet this autumn

China and the EU have agreed to hold one or two minister-level meetings of the China-EU trade and investment consultation mechanism every year, China's commerce ministry said on Thursday.The Chinese side has invited the EU trade chief to visit China this autumn for the second meeting of the consult…

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Economy
NEWS reuters

UK business morale slumps as Iran war pushes up costs, survey shows

British business confidence fell to its lowest since 2022 as the Iran war, which pushed up costs, saps expectations for future sales, a survey of accountants showed on Thursday.The Institute of Chartered Accountants in England and Wales said that ​its quarterly Business Confidence Monitor fell to i…

Reuters en
Economy

ParTec AG: Europe’s AI Leadership and Sovereignty Reinforced by JUPITER, Europe’s fastest Supercomputer – ParTec Provides Core Architecture and System Software

ParTec AG/ Key word(s): AllianceParTec AG: Europe’s AI Leadership and Sovereignty Reinforced by JUPITER, Europe’s fastest Supercomputer – ParTec Provides Core Architecture and System Software02.07.2026 / 09:01 CET/CESTThe issuer is solely responsible for the content of this announcement.ParTec AG…

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EconomyStocks DE
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Spain's June jobless falls 1.24% from May to 2.29 mln

The number of people registering as jobless in Spain fell by 1.24% in June from a month earlier, or by 28,739, leaving a total of 2.29 million people out of work, data from the Labour Ministry showed on Thursday.Spain gained 92,531 net formal jobs in June to 22.21 million jobs, on a calendar-adjust…

Reuters en
Economy
trading-economics

France Budget Deficit Narrows in Jan-May

France's state budget deficit narrowed to EUR 93.3 billion in January–May 2026 from EUR 94.0 billion in the same period last year, as revenue growth outpaced spending.General budget revenues increased 6.0% year-on-year to EUR 149.5 billion, while expenditures rose 3.5% to EUR 222.1 billion.Excludin…

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BondsEconomy

FIFA World Cup Hirings Might Distort U.S. Employment Data — Market Talk

U.S. employment data in June may be distorted by temporary hirings related to the FIFA World Cup, Barclays Private Bank and Wealth Management's Julien Lafargue says in a note. "The data may also be distorted as hiring linked to the FIFA World Cup may have temporarily boosted employment in sectors s…

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Economy
reuters

Japan government panel member calls for moderate BOJ rate hikes

By Leika KiharaThe Bank of Japan should continue to raise interest rates at a moderate pace to rectify excessive yen declines, Toshihiro Nagahama, a government panel member known as an economic aide to dovish Prime Minister Sanae Takaichi, said on Thursday.Nagahama also said the Takaichi administra…

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BondsEconomy
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French budget balance -93.31 bln euros at end-May

France's Finance Ministry published on Thursday the following monthly budget data for May.Figures in billions of euros unless otherwise stated.*The Treasury special accounts track the balance of inflows and outflows for targeted revenues and outlays, for example receipts from local government.

Reuters en
Economy
trading-economics

Romania Producer Inflation Hits Over 3-Year High

Romania’s annual producer inflation climbed 12.05% year-on-year in May 2026, following an upwardly revised 10.34% rise in the previous month, marking the highest reading since April 2023.Prices accelerated in the manufacturing sector (8.89% vs 8.29% in April), driven by faster inflation in beverage…

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Economy
dow-jones

Swiss Inflation Edges Lower After Energy Prices Cool

By Ed FranklSwiss inflation edged lower in June, the first decline since higher energy prices prompted prices to accelerate after the outbreak of the war in Iran.The annual rate of inflation was 0.5%, lower than the 0.6% of both April and May, Swiss data agency FSO said Thursday. Inflation in the p…

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Economy
NEWS zawya

ZAWYA: Cloud Box Technologies partners with multiple universities launching AI lab

Dubai, United Arab Emirates: Cloud Box Technologies, a leading systems integrator and IT services specialist in the Middle East, announces a strategic Memorandum of Understanding (MoU) with multiple universities in the UAE to establish AI Lab, an advanced AI-focused Centre of Excellence (CoE). The…

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Economy