Euro - ECB-Photo by Mika Baumeister on Unsplash

The euro weakened against the USD as US economic data improved and interest rate expectations diverged. Markets are now watching for signs of the EU’s economic recovery and further guidance from the ECB and Fed.

Temperature controls - Photo by HUUM on Unsplash

With days growing hotter, air conditioning is playing an ever-growing role in how people cope with the heat. In EU households, energy consumption for cooling has steadily increased, reaching 80.4 thousand terajoules (TJ) in 2024.