Browsing: Business

Moody Ratings has affirmed the European Union top AAA credit rating with a stable outlook, confirming that the 27-nation block maintains the highest degree of creditworthiness supported by its strong institutional framework and robust fiscal commitments from key member states.

– The Government of Portugal has officially sanctioned a capital outlay of roughly 420 million euros aimed at enhancing municipal light rail and bus rapid transit systems across the northern metropolitan area. The decision made by the cabinet authorizes the

As global shipping networks face increasing operational challenges amid heightened geopolitical tensions, maritime authorities are taking steps in response, coinciding with World Maritime Day. The International Maritime Organization based in London emphasized that the wider geopolitical unrest directly affects commercial

– In response to rising road fuel prices, the European Union faces an estimated €53 billion increase in transport expenses for 2026. On September 23, Transport & Environment released this estimate after analyzing data from 28 weeks ending on September

– The OECD has increased its projection for worldwide expansion in 2026 to 2.9%, citing the global economy’s unexpectedly robust performance. This upward revision is from the 2.8% figure presented in the organization’s June outlook. Nevertheless, the OECD has lowered

– In the period from January to July 2026, Russia’s exports excluding resources and energy surpassed the $96 billion mark, reflecting an 8% rise compared to the same timeframe last year. First Deputy Prime Minister Denis Manturov announced this year-on-year

– During the second quarter of 2026, European Union experienced a significant 55.8% increase in the monetary value of petroleum oil imports, despite only marginal changes in the total volume of these imports. According to Eurostat, the import volume reached

– European wheat prices experienced an uptick during the most recent trading session as persistent disruptions to Black Sea grain shipments kept supply issues at the forefront. On Monday, December wheat futures traded on Paris-based Euronext increased by 0.9%, closing

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

– The Bank of England has established a multi-year plan aimed at gradually reducing its remaining holdings of monetary-policy gilts by September 2034. Under this plan, the central bank will offload £20 billion worth of government bonds annually, while allowing