Economy

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AI Economy Faces Key Growth Bottlenecks, OpenAI Economist Says — Market Talk

Increasingly powerful artificial intelligence tools won't inevitably translate to faster economic growth, OpenAI Chief Economist Ronnie Chatterji says at the ECB Forum on central banking in Sintra. Without innovation, investment and adaptation at all levels of the economy, higher output is likely t…

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Economy

Europe to Play Key Role in Artificial Intelligence Growth Story, OpenAI Economist Says — Market Talk

1035 GMT - Europe will have a big role to play in the next stage of the artificial intelligence economy, OpenAI Chief Economist Ronnie Chatterji says at the ECB Forum on central banking in Sintra. Europe has lagged the U.S. in foundational AI research, but the next stage of innovation lies in diffu…

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U.S. Political, Economic Calendar - Week Ahead

All dates are in ET Time. Tuesday, June 30, 2026 Exp Prev ET/GMT 0855/1255 06/27 Johnson Redbook Retail Sales Index Ret Sales Mo-to-Date, Y/Y% +9.5% Latest Wk, Y/Y…

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Economy
NEWS reuters

Factory activity was strong in June despite war-driven cost pressures, PMIs show

By Jonathan Cable and Leika KiharaEuro zone manufacturing output closed out its best quarter since early 2022 last month while an AI boom powered Asian producers, business surveys showed on Wednesday, offering some relief from the U.S.-Israeli war with Iran.Cost pressures did dip but they remain el…

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Economy
trading-economics

Portugal Unemployment Rate Falls to 5.5% in May

Portugal’s unemployment rate fell to 5.5% in May 2026 from 5.7% in the previous month, and compared with 6.2% a year earlier.The number of unemployed stood at 314,600, a decrease of 8,300 from the previous month.A persistent gender gap remained, with the unemployment rate for women at 6%, compared…

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Economy
NEWS reuters

Germany wants to make new funding commitment to Ukraine at NATO summit, Merz says

Germany intends to make a new funding commitment to Ukraine at the upcoming NATO summit, German Chancellor Friedrich Merz said on Wednesday."The German government proposes that, as European NATO allies, we make a new funding commitment to Kyiv," he said at a joint press conference with Defence Mini…

Reuters en
Economy
trading-economics

Portugal Industrial Output Drops in May

Portugal’s industrial production fell 2.3% year-over-year in May 2026, following no change in April, led by energy (-9.7% vs -17.2%), durable consumer goods (-1.5% vs 5.9%), and non-durable consumer goods (-3.1% vs 2.4%).Growth also slowed for intermediate goods (0.8% vs 5.7%) and capital goods (0…

Trading Economics en
Economy
trading-economics

Netherlands Q1 Current Account Widens

The Netherlands’ current account surplus widened to €26.28 billion in the first quarter of 2026 from a downwardly revised €23.28 billion in the corresponding quarter of the previous year.The goods account surplus widened to €22.40 billion from €22.0 billion, while the services account surplus also…

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Economy
NEWS reuters

Portugal jobless rate slips to 5.5% in May

Portugal's monthly unemployment rate slipped to 5.5% in May from 5.7% in April and from 6.2% registered a year ago, the National Statistics Institute (INE) said in its flash estimate on Wednesday.The labour underutilisation rate stood at 9.4%, below the 9.7% posted in the previous month.The youth u…

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Economy

REG - 80 Mile PLC - Drilling Commences at the Disko-Nuusuaq Project

RNS Number : 6199K 80 Mile PLC 01 July 2026  01 July 2026Drilling Commences at the Disko-Nuusuaq ProjectFigure 1 - Sighting of drill rig by SRK Geologists80 Mile PLC ('80 Mile' or the 'Company'), the AIM, FSE, and OTC listed exploration and development company with projects in Greenland, Finland…

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Economy
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Eurozone Unlikely to Face Significant Second-Round Inflation Effects — Market Talk

Inflation in the eurozone is falling significantly, Stephanie Schoenwald at KfW Research says in a note. With the peak of the energy shock now behind us, significant second-round effects on the labor market can be largely ruled out, she says. Eurozone inflation slowed faster than expected in June t…

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Economy
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Eurozone Inflation Declines as Energy Shock Fades in Relief for ECB — Update

By Ed FranklCooling energy prices helped push eurozone inflation lower in June, increasing the likelihood the European Central Bank will refrain from raising its key interest rate for a second meeting in a row later this month.Inflation in the 21-nation currency area fell to 2.8% from 3.2% in May…

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Economy

Youth, task forces and AI debt - notes from the week: Mike Dolan

By Mike DolanIn a week of reflection on both a mad first half of 2026 and the 250th anniversary of the U.S., the political and economic news flow has remained relentless, even if it has lately been drowned out by an AI investment frenzy that has shifted this year from the big spenders to the chipma…

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Economy