Browsing: Business

– The Bank of England is preparing for its September policy session with the Bank Rate held at 3.75% amid inflation remaining above the 2% target. The Monetary Policy Committee (MPC) will announce its forthcoming interest rate decision on September

– In Vienna, during 2026, the Oesterreichische Nationalbank has downgraded its expectation for Austria’s economic expansion this year, citing weaker activity observed in the first half. The bank now anticipates real gross domestic product to grow by 0.5% in 2026,

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

Across Europe, stock markets closed in the red as investors reacted to the European Central Bank’s decision to increase key interest rates. Throughout the trading day, major regional indices experienced widespread selling following Frankfurt’s monetary policy announcement. The pan-European STOXX

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 the state visit to Germany, the United Arab Emirates unveiled plans to channel €40 billion into the German economy across various key industries. The investment plan encompasses sectors such as industry, artificial intelligence, advanced technology, digital infrastructure, and

– The European Central Bank raised its three key interest rates by 25 basis points on Thursday as inflation pressures persisted. The ECB said the Middle East conflict continues to add pressure to prices across the euro area. The deposit

– Russia is broadening its financial and developmental instruments for the creative sector as its economic influence continues to grow. In 2025, the sector contributed 4.2 percent to Russia’s GDP, with its gross value added reaching 8.26 trillion rubles. The

Volkswagen AG signed an agreement to hand over its Osnabrück assembly plant to private equity group Aurelius Capital and the state government of Lower Saxony in a pivotal move to pivot unused automotive capacity toward European military production. As passenger car

In Vladivostok during the first half of 2026, Russia’s non-resource non-energy industrial exports increased to $58.8 billion, boosted by higher shipments of chemical goods, metallurgy, and light industry products. The Russian Federation Minister Anton Alikhanov confirmed these trade figures during