Greek retail sales by volume fell 0.1% in April compared to the same month a year earlier after a 3.0% rise in March, statistics service ELSTAT said on Tuesday.Sales volume of the food sector was up 4.1% year-on-year, with the sales volume of the non-food sector (except automotive fuel) decreasing…
European Central Bank policymakers welcomed the recent drop in oil prices on Tuesday but warned that energy costs remain high and the shock will linger in the economy for some time, fuelling price pressures.The ECB raised interest rates last month and policymakers are contemplating whether to follo…
Slovenia's consumer prices rose 3.6% annually in June, unchanged from the previous month, while they rose 0.8% month-on-month, the country's statistics office said on Tuesday.The biggest contribution to annual prices came from higher housing, water, electricity, gas and other fuel costs, while the…
By Maria MartinezThe number of unemployed people in Germany fell unexpectedly in June, labour office figures showed on Tuesday.In seasonally adjusted terms, the jobless figure fell by 1,000, while analysts and economists had predicted an increase of 7,000 in a Reuters poll.The overall adjusted numb…
China's commerce ministry said Tuesday that it will impose a preliminary antidumping ruling against Canadian pea starch, alleging the imports cause "material injury" to the domestic industry.Importers of Canadian pea starch must deposit a 73.5% security margin with Chinese customs from July 1, said…
LONDON, June 30 (Reuters) - The European Union sold 2.818 million spot EU carbon permits on EEX at 78.13 euros per tonne each on Tuesday, the exchange said.Date Market area Auction type Auction Price Amount auctioned Cover ratio30-Jun-2026 EU EUA…
CAIRO, EGYPT: Accor, a world-leading hospitality group, and Margins Developments, one of Egypt's leading real estate developers, announce the signing of Novotel & Novotel Residences New Cairo Lusail, a landmark mixed-use destination combining hospitality, branded residences and modern living withi…
By Edith HancockThe European Union will limit the amount of tariff-free steel its member states can import from Wednesday, part of officials' efforts to protect the bloc's steel industry from overcapacity.The new system would set tariff-free steel import volumes at 18.3 million metric tons, while t…
Eurozone inflation is set to remain "significantly above" the European Central Bank's 2% target, Bundesbank President Joachim Nagel says. "I think the energy price shock that started with that conflict in the Middle East is not over," he told CNBC in an interview on the sidelines of the ECB's forum…
U.K. government bonds, or gilts, stay calm as investors await news on the possible new leader of the Treasury to replace the incumbent Rachel Reeves. "Markets are looking through immediate fiscal concerns around a likely Andy Burnham premiership," Validus Risk Management's Pierre Roke says in a not…
N SaeedKuwait has allowed its main public oil company to run on a pure commercial basis without interference from the country’s public auditors in a bid to upgrade its performance.An Emiri decree amending some provisions of Law No. 6 of 1980 establishing the Kuwait Petroleum Corporation (KPC) follo…
Abu Dhabi, UAE: The UAE, represented by the UAE Space Agency, will lead the meetings of the International Charter: Space and Major Disasters, which will be held virtually on 22 and 23 June 2026. This comes as part of the UAE’s leadership of the Charter, which runs from April to October 2026.The UAE…
South Africa's one-year-ahead inflation expectations for households surged to 4.2% in Q2 2026 from an all-time low of 3.6% in the previous period.The survey, conducted between May 18 and June 4, preceded the signing of the agreement to reopen the Strait of Hormuz, which has since eased global oil p…
Palestine's economy contracted 4.8% year-on-year in the first quarter of 2026, following a 3.0% expansion in the previous period.It marked the first annual contraction since Q3 2024, as final consumption fell 5.7%, reflecting declines in household spending (-2.1%), government consumption (-27.8…
Slovakia's annual inflation rate stood at 3.6% in June 2026, unchanged from the previous month.While inflation remained at its highest level since March 2024, price pressures eased for food and non-alcoholic beverages (0.5% vs 0.9% in May), housing and utilities (9.9% vs 10.0%), transport (4.7% vs…
Dubai, UAE: 1001, a GCC- and London-based company building sovereign AI for critical infrastructure, today announced a $30 million Series A led by Lux Capital. PIF-owned Sanabil Investments, 9Yards and Hanabi joined the round, and existing backers General Catalyst, CIV and Stanford AI researcher Ch…
(08:33 GMT) *EU Brings In New Steel Tariffs (08:33 GMT) *EU to Limit Tariff-Free Steel Imports, Apply 50% Duty Above Quota (08:33 GMT) *EU's Steel Tariff Regime Comes Into Effect July 1 (08:46 GMT) EU to Limit Tariff-Free Steel Imports, Apply 50% Duty Above QuotaBy Edith HancockThe European Union w…
Producer prices in Bulgaria rose 17.5% year-on-year in May 2026, accelerating sharply from a 15.2% increase in April and marking the fastest pace since December 2022.The increase was driven primarily by electricity, gas, steam and air conditioning supply, where inflation accelerated to 21.5% from 1…
Germany’s 10-year Bund yields were slightly higher at 2.88% at the end of June, trading just above a four-month low.They were on track for a 5bps monthly decline and a 12bps quarterly fall, as oil prices pulled back from recent peaks after the US-Iran ceasefire reopened the Strait of Hormuz, easing…
South Africa recorded foreign direct investment (FDI) inflows of ZAR 20.3 billion in Q1 2026, down from ZAR 41.3 billion in the previous quarter, central bank data showed.This was largely driven by non-resident parent entities granting loans to domestic subsidiaries, complemented by a smaller incre…
