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The European Commission set out two strategies to ensure Europe stays ahead, driving adoption in key industries and putting Europe at the forefront of AI-driven science Under the Indonesia-EU trade deal, tariffs on 96 percent of goods will be reduced to zero over five years The statistics office reported that industrial production performed worse than previously estimated Germany, the euro area’s largest economy, recorded its third straight month of output growth in August The government instructed departments to submit proposals to reduce the administrative burden on businesses Transport costs surged 3.2 percent, driven by a 30.2 percent increase in airfares Borrowing is set to soar to €174.3 billion, more than triple the €50.5 billion borrowed in 2024 under the previous government Welsh finance secretary Mark Drakeford defended the move, highlighting that tourist levies are common across the globe Investments aim to modernize railways, inland waterways, and maritime routes across the TEN-T network There was a monthly decrease of 63.5 percent in U.K. residential transactions in April 2025, compared with March 2025 AI factory will enable Europe’s industrial leaders to accelerate every manufacturing application The U.K.’s fastest AI supercomputer powered by 5.5k GH200s is set to be fully operational this summer Strengthening calls for additional interest rate cuts from ECB Germany's manufacturing rebound and easing inflation signal a positive shift in Europe's economic engine The bank noted that falling ECB deposit rates and reduced bond holdings will help mitigate future losses Romania, Spain, Greece and Portugal recorded the highest employment growth compared with the previous quarter Last week, Lagarde suggested price growth may fluctuate before slowing toward the 2 percent target later Germany and France, the two largest economies within the bloc, have reported unexpected contractions The EU has set additional emergency funding in its budget which includes more than €295 million for worldwide actions Core inflation remained steady at 2.7 percent for the fourth month in a row Despite exceeding 49.5, PMI remained below the 50 threshold for growth Northern Ireland was the best-performing area for the second year running, with prices up 7.1 percent The airport invested £1.1 billion in 2024 and benefited over 1,100 supply chain partners in the UK This represents a 6.7 percent increase over 2022
