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Recruitment demand remains weak across two major European employment markets. Hays reported lower quarterly net fees in Britain and Germany, while permanent hiring remained particularly subdued despite growth elsewhere.
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Britain has opened a permanent business centre in Kyiv today. The facility supports industrial partnerships and potential co-production between UK companies and Ukrainian organisations, especially SMEs.
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Britain and Germany have launched an industrial technology corridor together. The programme aims to connect technology scaleups with industrial customers, with separate bilateral funding supporting quantum research.
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Revolut has reached a $115bn valuation during rapid global expansion. The fintech now serves more than 80 million customers as it builds banking operations across an increasing number of markets.
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Germany may grow about twice as fast as previously forecast. Exports and government spending are supporting recovery, although energy costs and weak private investment continue to constrain Europe’s largest economy.
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Eurozone inflation rose sharply in September as energy costs accelerated. Eurostat estimates annual inflation reached 3.8%, increasing pressure on the ECB and businesses already facing higher financing costs.
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HICL is investing £68m in Scandinavian rail freight operator Hector. The 42% stake will become its first “Enhancer” investment, adding greater operating-growth exposure to the London-listed infrastructure company’s revised portfolio strategy.
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Estonia’s e-residents are forming companies at a faster rate this year. More than 4,200 businesses have been created, 36% above the comparable 2025 period and 47% above 2024.
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The ECB has raised rates as energy inflation intensifies again. Euro-area borrowing costs will increase by 25 basis points as policymakers respond to higher energy prices while retaining a meeting-by-meeting approach to future decisions.
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Inditex sales grew strongly, but quarterly profitability fell below expectations. Higher transport and input costs are squeezing margins while Zara’s parent continues investing in stores, logistics, and European expansion.