Economy
Euro area services production rises 0.4 per cent in July
EU services production increased by 0.3 per cent, while both areas recorded annual growth of 1.5 per cent.
European Headline: news from across Europe
Europe
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France and Germany tie diesel releases to existing reserve pledges
The quantities remain unclear, while France has indicated it could provide an extra 2 million barrels without making a firm commitment.
Policy
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EU candidates question 15-year voting rights safeguard plan
Proposed safeguards for new members would allow voting rights to be suspended unless a qualified majority of existing members opposed the decision.
Business
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UBS is sole European bank in top 10 of AI adoption ranking
The Swiss lender moved up to sixth in Evident’s annual index, while HSBC fell to 11th. JPMorgan Chase extended its lead.
Markets
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Schneider Electric shares fall more than 9 per cent after PTC deal
The French group has agreed to buy PTC for US$22.6 billion in cash and expects to finance the acquisition with debt and new shares.
Economy
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EU and euro area producer prices rise 1.9 per cent in August
Energy prices rose by 5.6 per cent in the euro area and 5.5 per cent across the EU compared with July.
Tech & Startups
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Noah completes US$38 million seed funding for US expansion
The UK stablecoin infrastructure startup has raised another US$16 million and will open a New York office as part of its expansion.
Travel & Culture
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European tourism forecast to grow 3.1 per cent in 2026
The World Travel & Tourism Council expects international visitor spending in Europe to rise by 5.8 per cent, with regional tourism growth exceeding its global forecast.
