Economy
The eurozone's services sector remained in contraction in June, but the pace of decline slowed significantly as inflationary pressures eased at a record rate, helping stabilize business activity across the currency bloc. According to the latest S&P Global Purchasing Managers' Index (PMI)......
Germany's services sector remained in contraction for a third consecutive month in June, although the pace of decline eased as cost pressures moderated and business activity proved more resilient than initially estimated. The latest HCOB Germany Services Purchasing Managers' Index (PMI), compiled......
Canada's manufacturing sector maintained its growth momentum in June, extending a six-month expansion streak even as supply chain disruptions and higher input costs continued to weigh on producers. According to the latest data from S&P Global, the Canada Manufacturing Purchasing Managers'......
The German government has introduced a broad package of structural reforms aimed at strengthening the country’s economic performance, improving labour market efficiency and reducing administrative burdens, as Chancellor Friedrich Merz seeks to position Europe’s largest economy for long-term......
Deutsche Bank has reached a new wage agreement with labour unions covering thousands of employees at its Postbank division, concluding months of negotiations over pay increases in Germany’s banking sector. The deal provides structured salary rises for employees over a 28-month period, easing tensions......
The European Central Bank (ECB) has reaffirmed its commitment to maintaining current bank capital requirements, rejecting growing calls from the banking industry for regulatory easing. The institution argues that robust capital buffers remain essential to safeguarding financial stability and have not......
Global air passenger traffic declined again in May 2026, marking a second consecutive monthly contraction, according to the latest data released by the International Air Transport Association (IATA). The downturn comes amid rising operational costs, geopolitical instability, and increasing ticket prices......
The international credit insurance company Coface has reaffirmed its positive assessment of Morocco’s economic outlook, emphasizing the country’s ability to maintain stable financial and macroeconomic balances despite ongoing global uncertainty caused by geopolitical tensions and slowing......
Central banks around the world are expected to gradually reduce the share of the US dollar in their foreign exchange reserves over the next decade, marking a significant shift in global reserve management strategies, according to a recent survey conducted by financial think tank OMFIF. The study suggests......
Morocco has reinforced its status as one of the world's leading automotive manufacturing centers, becoming Renault Group’s second-largest production hub after France. Supported by modern infrastructure, an expanding supplier network, and strategic access to international markets, the country......
The Indian rupee is expected to remain under pressure against the U.S. dollar over the coming months, despite recent policy measures by the Reserve Bank of India (RBI) aimed at attracting foreign capital and strengthening the country's external position. According to a Reuters survey of currency......
Ireland attracted commitments for 10,400 new jobs from foreign multinational companies during the first six months of 2026, reflecting continued investor confidence despite recent challenges in the global technology sector. The figures, released by IDA Ireland, show a modest increase from the 10,000......
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