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Travel News

Spain breaks tourism record: 58.1 million visitors by July

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Economy

Japan's 10-year bond yield hits 30-year high as growth data misses

Japan's 10-year government bond yield climbed to its highest level since 1996 on Monday as fresh data showed the world's fourth-largest economy grew far more slowly than expected in the second quarter.

Economy

Europe's extreme heatwave could cost EU economies €180 billion

Extreme heat could cost EU economies around €180 billion this year, roughly 1% of GDP and almost exactly the growth the bloc had been expecting for 2026, with France facing the heaviest blow of the big member states.

Economy

Europe’s fastest-growing economies in Q2 2026: Who led and who lagged?

Eurozone GDP delivered a better-than-expected performance in the second quarter of 2026. But beneath the headline, Europe’s growth story looks increasingly uneven across member states.

Economy

China's economic growth hits slowest pace in more than three years

China's economy grew 4.3% year on year in the second quarter, its weakest pace since late 2022, as weak domestic demand and a prolonged property downturn outweighed strong exports, increasing pressure on Beijing to provide more economic support.

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Economy

Extreme heat in Europe: Which countries face the biggest costs?

France, Spain and Italy are among the European economies most exposed to the growing economic costs of extreme heat, which could reduce output by as much as 7% in some countries by 2030, Allianz Trade estimates.

Economy

UK economy shrinks in April as the Iran war energy shock takes a toll

Britain's economy contracted by 0.1% in April, the first monthly fall since August 2025, as the conflict in the Middle East pushed up energy costs and prompted households to rein in their spending.

Economy

Eurozone economy shrinks by 0.2% in the first quarter of 2026

The 21-member euro area has entered negative territory for the first time in over a year, with a dramatic Irish contraction masking more nuanced performances across the bloc's major economies.

Economy

World Cup 2026: The biggest economic prize in sport - or just hype?

With the kick-off less than ten days away, the largest World Cup in history is set to inject tens of billions into the hosting economies. Yet, analysts are estimating that the relative impact will be marginal.

Economy

Winners and losers: Real household income growth across Europe in 2025

Poland and Portugal saw the strongest real household income growth in Europe over the last two years. Among major economies, Spain led the way.

Business

Nvidia vs Europe: how Big Tech compares to European economies

Nvidia’s market capitalisation ($5.7 trillion) has overtaken Germany’s GDP ($5.45 trillion). The combined value of the five largest US companies now exceeds the total GDP of Europe’s five largest economies.

Economy

Inflation hits 3% in euro area as Iran war spreads oil price shock

Soaring oil prices linked to the Iran war pushed inflation higher in the euro area in April, while growth continued to underperform — a worrying combination for both consumers and policymakers at the European Central Bank.

Economy

ECB rate dilemma: Eurozone growth stalls as Iran war fuels inflation

The European Central Bank faces heightened uncertainty ahead of next week’s rate decision, with President Christine Lagarde warning the "stop-start nature" of the Iran war is making the economic outlook harder to assess.

Economy

Richest countries in 2026: France and Germany fail to make the top 10

Measures of “richest countries” can be misleading. A new prosperity index — looking at income, GDP and how wealth translates into quality of life, social cohesion and long-term development — does not place the US, Germany, or France in the top ten.

Economy

Germany halves GDP forecast from 1% to 0.5% due to Iran war fallout

The German government has officially halved its economic growth forecast for 2026, citing the severe impact of energy shocks stemming from the Iran war. This revision reflects a significant cooling for Europe's largest economy.

Business

Which European countries will be the richest by 2030?

IMF projections show significant increases in GDP per capita in euro terms across Europe by 2030, but the rankings do not change significantly in terms of purchasing power.

Economy

Can Hungary's new government fix an economy in crisis?

Investors are optimistic about the new government's expected economic policies, but an energy crisis and a scramble for EU funds could slow its immediate success.