Browsing: Business

– The cost of fresh vegetables has surged in South Korea as ongoing extreme temperatures have led to decreased shipments and harmed agricultural production nationwide. Data from Korea Agro-Fisheries & Food Trade Corp. indicates that on Aug. 7, spinach was

– On Friday, the European Commission completed a significant expansion of the EU’s leading satellite communications system after months of commercial negotiations with the SpaceRISE industrial consortium. This new implementation agreement transitions the Infrastructure for Resilience, Interconnectivity and Security by

– In June, South Korea achieved a historic current account surplus of $49.73 billion, driven predominantly by a significant increase in semiconductor exports. The Bank of Korea announced that this figure surpasses the previous monthly record of $38.61 billion set

– In July, manufacturing output across the Eurozone accelerated to its highest level in nearly four and a half years, even as demand remained subdued. The S&P Global Eurozone Manufacturing Purchasing Managers’ Index increased to 51.9 from 51.4 in June,

– The European Union has unveiled the Scaleup Europe Fund, with a target of €5 billion dedicated to strategic technology enterprises. The European Commission finalized the legal steps for the fund on August 4, integrating it into the European Innovation

– The inflation rate across OECD countries decreased to 4.2% in June 2026 from 4.6% in May, marking the end of three consecutive months of increases. This indicator measures the yearly change in consumer prices among member nations. In June,

– Although the UK economy has avoided slipping into recession, new forecasts indicate increasing pressure from global energy disruptions. EY has upgraded its growth projection for 2026 to 0.9% from 0.8% in May, while maintaining its baseline for 2027 at

– U.S. stocks experienced a rally on Monday, with Big Tech shares leading gains and oil prices falling sharply. The Dow Jones Industrial Average increased by 693.38 points, or 1.32%, closing at a record of 53,178.41. The S&P 500 rose

– UK solar capacity reached 22.8 gigawatts by the end of June 2026, reflecting a significant acceleration in deployment. Data from the Department for Energy Security and Net Zero indicate around 2.076 million installations nationwide. In June alone, developers added

– Data from official national economic tracking released on Friday confirms that the Canadian economy experienced a 0.3 percent increase in May, marking a continuation of the economic recovery into a second month and surpassing earlier government forecasts. The monthly