Browsing: Business

– Bank of England begins its September policy session with the Bank Rate held at 3.75%, amid inflation rates surpassing its 2% target. The Monetary Policy Committee is scheduled to announce its next interest rate decision on September 17. Additionally,

– Following weaker economic activity in the first half of the year, Austria’s central bank has adjusted its 2026 economic growth projection downward. The Oesterreichische Nationalbank now anticipates a real gross domestic product increase of 0.5% for this year, compared

On Friday, gold prices remained near their lowest levels in a week, reflecting widespread market pressure following a sharp decline in the previous trading session. Bullion prices stayed close to multi-session lows as investors adjusted their expectations for global monetary

Across the European continent, stock indices closed in the red as traders absorbed the European Central Bank’s decision to hike key interest rates. The broad-based sell-off impacted leading regional indices during the entire trading day, following the central bank’s monetary

India and Russia have reached an agreement to accelerate their economic cooperation efforts, aiming to reach a bilateral trade volume of $100 billion by 2030. This initiative was discussed during high-level plenary sessions at the INNOPROM India 2026 industrial technology

– During President Sheikh Mohamed bin Zayed Al Nahyan’s state visit to Germany, the United Arab Emirates announced plans to allocate €40 billion across various key industries. This significant investment encompasses sectors such as industry, artificial intelligence, cutting-edge technology, digital

– The European Central Bank announced an uplift of its three principal interest rates by 25 basis points on Thursday, citing ongoing inflation pressures. The bank highlighted that the conflict in the Middle East continues to exert upward pressure on

– Russia is increasing its array of financial and developmental tools aimed at bolstering its creative sectors amid their growing economic significance. In 2025, the industry contributed 4.2 percent to the Russian GDP, with its gross value added totaling 8.26

Volkswagen AG entered into an agreement to transfer its Osnabrück manufacturing plant to private equity firm Aurelius Capital along with the government of Lower Saxony, marking a significant move aimed at redirecting unused automotive capacity toward European military production. As passenger

During the initial six months of 2026, Russia’s exports of non-resource, non-energy industrial goods increased to a total of $58.8 billion, driven largely by higher shipments of chemical products, metallurgy, and light industrial items. This trade data was confirmed by