Browsing: Business

On Friday, official data from Statistics Canada confirmed that the Canadian economy grew by 0.3 per cent in May, marking a second consecutive month of economic improvement and surpassing earlier government predictions. The monthly Gross Domestic Product figures revealed that real output rose in 13 out of 20 key industrial sectors, driven by widespread gains in goods-producing industries and sustained demand across service sectors. This actual increase exceeded the preliminary flash estimate of 0.1 per cent growth, fueling positive momentum for the nation’s economic output following April’s revised growth of 0.6 per cent.

The Union Cabinet, led by Prime Minister Narendra Modi, approved a historic national project on Friday aimed at intensifying hydrocarbon exploration within Indian ocean basins. The government’s official statement from the Press Information Bureau confirmed approval of the Rs 84,084 crore offshore oil and gas exploration initiative, named the Samudra Manthan national program. Managed by the Ministry of Petroleum and Natural Gas, this central sector scheme will be implemented through the fiscal year 2030 to 2031.

The British government on Wednesday unveiled a significant strategic investment of £8.4 billion aimed at advancing the UK’s nuclear submarine operations to enhance its at-sea nuclear deterrent. An official statement from the Prime Minister’s Office detailed that this multi-billion-pound funding will facilitate the construction of four Dreadnought-class nuclear-powered submarines and create thousands of high-skilled employment opportunities for young workers over the next ten years. This long-term defense funding marks a crucial shift in the country’s security procurement, ensuring sustained financial support for vital maritime defense capabilities well into the future.

Belgium’s consumer price inflation unexpectedly accelerated in July, ending a brief period of moderation and adding pressure on households and businesses. According to the latest monthly consumer index data released on Thursday by Statbel, the Belgian national statistical agency, the country’s annual inflation rate surpassed expectations, climbing to 3.56 percent in July from 3.40 percent in June. This figure exceeded the 3.37 percent projection previously made by the Federal Planning Bureau, indicating ongoing inflationary pressures across key sectors such as recreation, utilities, and transportation.

Starbucks stock pops as efforts to revive third place pay off 2026 outlook improves, sending shares up more than five percent in extended trading on the Nasdaq stock market. The Seattle-headquartered retailer delivered consolidated net revenues of $9.3 billion for the 13-week period ended June 28, 2026, driven by an 8.1 percent surge in North American store sales and sustained margin expansion across global operating segments. Global comparable store sales increased 7.9 percent year-over-year during the quarter, propelled by a 4.2 percent rise in customer transaction volume alongside a 3.5 percent increase in average ticket size. Non-GAAP adjusted earnings per share reached $0.85, comfortably topping consensus analyst expectations of $0.65 compiled by market data providers at Yahoo Finance. GAAP operating margin expanded by 60 basis points to 10.5 percent, benefiting from sales leverage, operational supply chain efficiencies, and tariff duty refunds during the quarterly period.

During an official working visit to Bratislava, President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Leader of the United Arab Emirates, held talks with His Excellency Robert Fico, Prime Minister of the Slovak Republic. The discussions confirmed that the UAE President engaged in high-level diplomatic exchanges focused on broadening strategic cooperation with Slovakia. The summit emphasized strengthening economic partnerships, fast-tracking development projects, and fostering joint initiatives in renewable energy and advanced technology sectors to promote shared economic growth.

According to a comprehensive analysis published by the European Union research agency Eurofound, the European Union is on track to fall short of its Digital Decade objective of employing 20 million information and communications technology specialists by 2030. Reports from Emirates News Agency confirmed that the EU is projected to miss its 2030 ICT target by 5 million workers despite ongoing multi-year job growth across the regional tech sector. The Eurofound report, titled IT Sector in Focus: Evolution of the EU Digital Workforce, highlights that educational systems—both primary and vocational—across most European nations are not keeping up with current and forecasted enterprise demand for specialized digital skills.

Lawmakers must close the crypto conflict of interest loopholes or scrap the CLARITY Act, ethics watchdogs tell Congress today. The post Senate crypto bill faces pushback over conflict of interest rules appeared first on Gulf Daily Report: The Gulf’s daily news, fully reported..

The European Central Bank keeps interest rates precisely steady this July to evaluate regional inflation and broader energy risks. The post European Central Bank keeps interest rates steady amid risks appeared first on Gulf Daily Report: The Gulf’s daily news, fully reported..

AHMEDABAD, India/ RankWire.AI / — The United Arab Emirates and India moved to expand economic cooperation across future-focused industries as more than 500 government officials, investors, and business leaders gathered for a new edition of the Investopia Dialogues in Ahmedabad, Gujarat. The event marked the fifth consecutive edition of the global investment platform held in […] The post UAE and India launch Investopia Dialogues to boost investment appeared first on Gulf Daily Report: The Gulf’s daily news, fully reported..