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Italy grows more than expected in second quarter, 2026 outlook improves

Italy grows more than expected in second quarter, 2026 outlook improves

ROME, July 30 (Reuters) - The Italian economy grew by 0.2% in the second quarter from the previous three months, preliminary data showed on Thursday, a slightly stronger reading than expected that supports the outlook for this year.
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Italy's economy grows more than expected in second quarter

Italy's economy grows more than expected in second quarter

ROME, July 30 (Reuters) - The Italian economy grew by 0.2% in the second quarter of this year from the previous three months, preliminary data showed on Thursday, a slightly stronger reading than expected.
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Euro zone economy grows faster than expected on AI spending, confident consumers

Euro zone economy grows faster than expected on AI spending, confident consumers

By Balazs Koranyi FRANKFURT, July 30 (Reuters) - The euro zone economy grew faster than expected last quarter as surging investment in AI, ample government spending and several one-off factors more than offset a drag from high energy costs and the war in Iran.
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German economy grows more than expected in Q2, analysts warn of geopolitical risks

German economy grows more than expected in Q2, analysts warn of geopolitical risks

By Maria Martinez BERLIN, July 30 (Reuters) - Germany's gross domestic product grew more than expected in the second quarter despite rising prices caused by the Iran conflict, but risks loom on the horizon as hostilities flare up again.
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Euro zone grows a touch above forecasts on AI spending, confident consumers

Euro zone grows a touch above forecasts on AI spending, confident consumers

By Balazs Koranyi FRANKFURT, July 30 (Reuters) - The euro zone economy grew a touch faster than modest expectations last quarter as surging investment in AI, ample government spending and several one-off factors helped offset a drag from the war in Iran and soaring energy costs.
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European bank rally rolls on as Deutsche Bank, UBS report profit jump

European bank rally rolls on as Deutsche Bank, UBS report profit jump

By Tom Sims, Ariane Luthi and Tommy Reggiori Wilkes FRANKFURT/ZURICH/LONDON, July 29 (Reuters) - Deutsche Bank and UBS beat forecasts again with second-quarter earnings on Wednesday, buoyed by a surge in trading activity and strong retail business as Europe's lenders extend a more than two-year-long
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Japan cuts this year's growth outlook as higher energy costs weigh

Japan cuts this year's growth outlook as higher energy costs weigh

By Makiko Yamazaki TOKYO, July 30 (Reuters) - Japan's government cut its economic growth forecast for the current fiscal year on Thursday, as higher oil prices linked to Middle East tensions squeeze household spending and corporate profits.
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Four decades after Chernobyl, a generational divide reshapes Italy's nuclear debate

Four decades after Chernobyl, a generational divide reshapes Italy's nuclear debate

Nearly 40 years after Italy abandoned nuclear power following the Chernobyl disaster, Premier Giorgia Meloni’s government is laying the groundwork for a return to atomic energy
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India economic growth to slow sharply as weak investment, oil shock weigh: Reuters poll

India economic growth to slow sharply as weak investment, oil shock weigh: Reuters poll

By Vivek Mishra and Anant Chandak BENGALURU, July 28 (Reuters) - India's economic growth is expected to slow sharply this fiscal year from last year's robust expansion and recover only modestly the following year, a Reuters poll of economists found, as weak private investment and higher oil prices
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AI spending boosts US core capital goods orders, shipments in June

AI spending boosts US core capital goods orders, shipments in June

By Lucia Mutikani WASHINGTON, July 27 (Reuters) - New orders for key U.S.-manufactured capital goods increased strongly in June while shipments surged as businesses ramped up spending on artificial intelligence, suggesting the economy maintained a fairly strong pace of growth in the second quarter.
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US goods trade deficit contracts, still expected to subtract from Q2 GDP growth

US goods trade deficit contracts, still expected to subtract from Q2 GDP growth

By Lucia Mutikani WASHINGTON, July 28 (Reuters) - The U.S. trade deficit in goods narrowed in June amid a broad decline in imports, but the improvement was probably insufficient to prevent trade from again subtracting from economic growth in the second quarter.