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 Portuguese government has formally authorized a capital expenditure of around 420 million euros aimed at expanding city light rail and bus rapid transit systems within the northern metropolitan region. The decision by the cabinet permits the extension of

As the international community observes World Maritime Day, global shipping networks are facing unparalleled operational challenges. The International Maritime Organization in London has emphasized that broader geopolitical conflicts are directly impacting commercial shipping. These disruptions have affected vital supply chains

– In 2026, the European Union is expected to see an additional €53 billion in transport expenses driven by rising road fuel prices. Transport & Environment released this projection on September 23 after analyzing data from the first 28 weeks

– The OECD has increased its forecast for global growth in 2026 to 2.9%, citing a more resilient world economy than previously expected. This marks an upward revision from the 2.8% predicted in the organization’s June outlook. Nonetheless, the OECD

– Between January and July 2026, Russia’s exports excluding resources and energy surpassed the $96 billion mark, marking an 8% increase compared to the same period last year. First Deputy Prime Minister Denis Manturov shared this information, highlighting the year-on-year

– During the second quarter of 2026, European Union imports of petroleum oil experienced a significant 55.8% increase in value, despite minimal change in volume. Eurostat reported that the import volume reached 36.7 million tonnes, a 1.2% rise compared to

– European wheat prices climbed in the most recent trading session as ongoing disruptions to Black Sea grain exports kept supply concerns at the forefront. The December wheat contract on Paris-based Euronext closed Monday’s daytime trading session 0.9% higher at

During a high-level government session on the economy in Moscow, President Vladimir Putin announced that Russia anticipates its federal budget deficit will be approximately 2 percent of gross domestic product this year. This projection is based on a highly conservative

– The Bank of England has set a multi-year plan to unwind its remaining monetary-policy gilt holdings by September 2034. The central bank will sell £20 billion of government bonds each year while allowing other gilts to mature. Together, sales