Browsing: Business

– The European Union saw a 55.8% increase in the value of petroleum oil imports during the second quarter of 2026, with import volumes remaining relatively stable. According to Eurostat, the total import volume reached 36.7 million tonnes, which is

– European wheat futures increased during the most recent trading session, driven by ongoing supply concerns related to Black Sea grain shipments. On Monday, December wheat contracts traded on Paris-based Euronext closed up 0.9% at €243.75 per metric ton, rebounding

During a high-level government meeting on the economy in Moscow, Putin announced that Russia anticipates a federal budget deficit of roughly 2 percent of gross domestic product this year, based on a highly conservative crude oil price baseline. Opening the

– Bank of England has outlined a multi-year plan to wind down its remaining holdings of monetary-policy gilts by September 2034. The plan involves selling £20 billion worth of government bonds annually, with the remaining gilts maturing naturally. This combined

– The Bank of England approaches its September policy session with the Bank Rate at 3.75% and inflation still exceeding the 2% target. The Monetary Policy Committee (MPC) is scheduled to announce its next interest rate decision on September 17.

– Austria’s central bank has adjusted its economic growth prediction for 2026 downward following weaker-than-expected activity in the first half of the year. The Oesterreichische Nationalbank now anticipates a real gross domestic product increase of 0.5% in 2026. This is

Gold prices remained near their lowest point in a week on Friday, reflecting widespread market pressure following a sharp decline in the previous trading session. Bullion stayed close to multi-session lows as investors reassessed global monetary policy expectations and analyzed

Regional stock indices in Europe finished the day in the red amid investor reactions to the European Central Bank’s move to hike key interest rates. The widespread downturn was driven by declines across major benchmarks during the trading session following

India and Russia agreed to accelerate bilateral economic cooperation to achieve a target of $100 billion in two-way trade by 2030. Following high-level plenary sessions at the INNOPROM India 2026 industrial technology exhibition in New Delhi, officials from both governments

– During President Sheikh Mohamed bin Zayed Al Nahyan’s visit to Germany, the United Arab Emirates announced plans to allocate €40 billion across various key industries within the country. This financial package encompasses sectors such as manufacturing, artificial intelligence, cutting-edge