Browsing: Business

– The European Central Bank announced an upward adjustment of its three principal interest rates by 25 basis points on Thursday, citing ongoing inflation pressures. The ECB attributed the rise partly to the continuing conflict in the Middle East, which

– Russia is broadening its financial and developmental resources dedicated to its creative sectors amid ongoing economic growth. In 2025, the industry contributed 4.2 percent to Russia’s GDP, with a gross value added reaching 8.26 trillion rubles that year. The

Volkswagen AG agreed to transfer ownership of its Osnabrück assembly plant to the private equity firm Aurelius Capital and the government of Lower Saxony, marking a strategic shift of idle automotive capacity toward European military production. As passenger vehicle assembly declines

During the initial six months of 2026, Russia’s exports of non-resource, non-energy industrial goods increased to $58.8 billion, fueled by higher shipments of chemical products, metals, and light industry items. The Russian Federation Minister Anton Alikhanov confirmed these trade figures

On Thursday, the Brazilian government declared its readiness to implement reciprocal trade measures if negotiations with the European Union do not lead to the reversal of a newly imposed European ban on Brazilian animal products. The diplomatic conflict intensified after

– Euro area annual inflation climbed to approximately 3.3% in August 2026, up from 2.9% in July. The month saw a significant rise in energy costs. Eurostat issued the preliminary estimate on Sept. 1. Previously, inflation was at 2.8% in

The Dow Jones Industrial Average fell by 380 points amid concerns over rising energy prices, sparking fears of ongoing inflation and potential increases in interest rates by the Federal Reserve. The broader market indices also retreated as investors showed increased

– Bank of Russia anticipates an average key rate of 13% to 15% in 2027 based on its proinflationary scenario. This projection is part of the central bank’s Monetary Policy Guidelines for 2027 to 2029. At the end of August

– Russia has set an ambitious goal to increase its yearly vehicle manufacturing to approximately 2.8 million units by 2035, according to its revised automotive industry strategy. During a sector development meeting on Aug. 31, First Deputy Prime Minister Denis

– Oil prices continued to fall on Thursday, extending a multi-day downward trend as traders monitored developments around the Strait of Hormuz. Brent crude futures declined by 41 cents, or 0.5%, reaching $87.43 per barrel at 0330 GMT. Meanwhile, West