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Belgium experienced an unexpected acceleration in consumer price growth in July, reversing recent signs of easing and adding financial strain on households and businesses alike. According to the latest data released on Thursday by Statbel, the Belgian national statistical office, the country’s annual inflation rate climbed to 3.56 percent in July from 3.40 percent in June, surpassing forecasts. The Federal Planning Bureau had previously projected an annual rate of 3.37 percent, indicating ongoing underlying inflationary pressures across sectors such as recreation, utilities, and transportation. On a monthly basis, the consumer price index rose by 0.63 percent, reaching 103.60 points from 102.95 points in June, a gain of 0.65 points.

Specialty coffee giant Starbucks Corporation announced its fiscal third-quarter 2026 financial results on Wednesday, surpassing Wall Street forecasts in both earnings and comparable store sales. Market trading disclosures indicated that Starbucks stock jumps as its efforts to improve third place performance pay off, boosting the 2026 outlook and pushing shares up more than five percent during extended trading on the Nasdaq stock market. The retailer, headquartered in Seattle, reported consolidated net revenues of $9.3 billion for the 13-week period ending June 28, 2026, driven by an 8.1 percent increase in North American store sales and ongoing margin growth across global operations.

During an official working visit to Bratislava, President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the Head of State of the United Arab Emirates, held discussions with His Excellency Robert Fico, Prime Minister of the Slovak Republic. The talks confirmed that the UAE President is actively pursuing bilateral cooperation with Slovakia in high-level diplomatic meetings aimed at enhancing strategic alliances across Europe. These discussions concentrated on boosting economic relations, fast-tracking development projects, and promoting joint initiatives in renewable energy and cutting-edge technology sectors to serve shared economic goals.

According to an in-depth analysis published by the European Union research agency Eurofound, the European Union is on track to fall short of its Digital Decade ambition of employing 20 million information and communications technology specialists by 2030. Reports from Emirates News Agency confirmed that despite consistent multi-year growth in the tech sector, the EU is projected to miss its ICT target by 5 million workers. The study, titled IT Sector in Focus: Evolution of the EU Digital Workforce, highlights that education systems across many member states are not keeping pace with current and future enterprise demands for advanced 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..

UK private sector wage growth hits six year low of 2.9% as job vacancies drop and labor market conditions cool. The post Private sector wage growth hits six year low in latest UK data appeared first on Gulf Daily Report: The Gulf’s daily news, fully reported..

Indonesia launched its B50 biodiesel mandate in July, targeting Rp170 trillion in foreign exchange savings and lower fossil diesel demand. The post Indonesia targets US$10.8 billion savings with B50 biodiesel appeared first on Gulf Daily Report: The Gulf’s daily news, fully reported..

Brent crude settled at $88.10 and WTI at $82.49 after a weekly rally driven by lower tanker traffic and restricted Gulf oil exports. The post Brent crude tops $88 as oil prices post weekly rally appeared first on Gulf Daily Report: The Gulf’s daily news, fully reported..