Business
Prime Minister Robert Fico said an Austrian contractor will overhaul the Gabčíkovo hydroelectric complex for almost €500 million, with financing arranged outside the state budget. The project aims to modernise the plant and secure energy output without straining public finances.
Business
An AI boom is turning a Swiss canton into a billion‑franc hub for data centres, making it the country’s top domestic story. The growth mirrors a global race for AI compute, drawing regulatory scrutiny and multibillion‑dollar investments worldwide.
Business
Brazil's national postal service, Correios, reported a significant decrease in financial losses for the second quarter of 2026. This development suggests a potential turnaround in the state-owned company's financial stability.
Business
Fast-fashion retailer Shein is set to list its shares on the Hong Kong stock exchange on September 1, aiming for a valuation of up to $27 billion. This much-anticipated debut comes amidst heightened scrutiny regarding the company's environmental impact.
Business
The United Kingdom is on the brink of a new cost-of-living crisis as rising energy bills are projected to significantly increase inflation, posing an immediate challenge to the incoming Prime Minister. The economic pressures are compounded by a contracting services sector and global supply chain issues.
Business
The Portuguese government has approved the sale of its remaining share in electricity transmission firm REN to state investment arm Parpública, triggering criticism from opposition parties and concerns over the role of the sovereign wealth fund. The deal, valued at roughly €1 billion, is seen as a test of Portugal’s fiscal strategy and energy policy ahead of upcoming elections.
Business
The United States has formally accused over 40 countries, including key trading partners, of facilitating China's evasion of Trump-era tariffs. This alleged 'shadow transshipment network' is reportedly costing the US billions annually in lost revenue.
Business
Official data show formal jobs in Brazil rose by 19.1% in the three‑year span since President Luiz Inácio Lula da Silva took office. The surge comes as the country grapples with political polarization, fiscal tightening and volatile capital flows.
Business
South Africa's unemployment rate increased to 33.6% in the second quarter of 2024, marking a four-year high. The rise in joblessness is attributed to a weakening labor market and the broader economic impact of the Iran war.
Business
The European Commission cleared a €7.9 billion grant and loan package for Poland under the Recovery and Resilience Facility, marking the country's largest single inflow of EU funds this year. The allocation comes as Poland cements its position as the EU’s sixth‑largest economy and ties new aid to support for Ukraine.
Business
Egypt's headline inflation jumped to 14.9% in July, driven by higher rents, electricity and fuel costs, marking the first rise since March. The surge revives debate over further interest‑rate hikes as the country battles a widening fiscal deficit and rising external debt.
Business
The Mexican government has cut subsidies to state-owned oil company Pemex, exacerbating the firm's financial struggles. Pemex faces reduced income, low production, and theft, threatening the country's energy security.