Browsing: Business

– In June, South Korea recorded a historic $49.73 billion surplus in its current account, driven primarily by a significant surge in semiconductor exports. The Bank of Korea announced that this figure surpassed the previous monthly record of $38.61 billion

– In July, the Eurozone’s manufacturing output expanded at its quickest rate in nearly four and a half years, despite persistent weakness in new orders. The S&P Global Eurozone Manufacturing Purchasing Managers’ Index increased from 51.4 in June to 51.9,

– The European Union has officially launched the Scaleup Europe Fund, setting a goal of raising €5 billion to support key technological firms. The European Commission finalized the legal steps necessary for the fund’s establishment on August 4, which placed

– Headline inflation across OECD nations eased to 4.2% in June 2026 from 4.6% in May, marking the end of a streak of three consecutive monthly increases. The indicator measures annual consumer price changes within the member countries of the

– Although the UK economy continues to avoid a recession, new forecasts indicate mounting pressure from global energy disruptions. EY has increased its projection for 2026 growth to 0.9%, up from 0.8% in May, while keeping its baseline estimate for

– U.S. equities experienced a rally on Monday, with major tech stocks advancing and crude oil prices dropping sharply, leading the Dow Jones Industrial Average to surge by 693.38 points, or 1.32%, closing at a record 53,178.41. The S&P 500

– UK solar capacity reached 22.8 gigawatts at the end of June 2026, marking a significant upward trend in deployment. According to the Department for Energy Security and Net Zero, there have been approximately 2.076 million installations across the country.

– On Friday, official national economic statistics confirmed that the Canadian economy experienced a growth of 0.3 per cent in May, marking the continuation of an ongoing economic recovery into its second consecutive month and exceeding earlier government predictions. The

– A wave of risk aversion swept through global financial markets, driving digital assets lower as Bitcoin breached the $63,000 mark. Data from cryptocurrency exchange Binance indicates that the leading token by market capitalization fell 3.02% over 24 hours to

– The British government on Wednesday committed £8.4 billion ($11.2 billion) to advance its Dreadnought-class nuclear submarine initiative, securing long-term capital for the country’s continuous at-sea nuclear deterrent. An official statement from the Prime Minister’s Office confirmed that the funding