Browsing: Business

– 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

– Bank of England approaches its September policymaking session with the Bank Rate held at 3.75%, while inflation remains above its 2% target. The upcoming meeting, scheduled for September 17, will see the Monetary Policy Committee release its latest interest

– Austria’s central bank has downgraded its projection for 2026 economic growth following weaker-than-expected activity in the first half of the year. The Oesterreichische Nationalbank now anticipates real gross domestic product to grow by 0.5% in 2026. This is slightly

Gold prices remained near their lowest point in a week on Friday, showing ongoing market pressure after a sharp sell-off in the previous trading session. The bullion hovered close to multi-session lows as investors reassessed global monetary policy expectations and

Throughout Europe, stock indices closed lower after the European Central Bank’s decision to increase interest rates. Investors reacted to the monetary policy announcement from Frankfurt by selling off major regional benchmarks. The pan-European STOXX 600 index finished the day down

India and Russia have committed to accelerating their economic partnership with the goal of reaching $100 billion in two-way trade by the year 2030. After high-level plenary sessions at the INNOPROM India 2026 industrial technology exhibition in New Delhi, officials

– The United Arab Emirates is set to allocate €40 billion into Germany across diverse key industries. This substantial financial commitment includes sectors such as industry, artificial intelligence, advanced technology, digital infrastructure, and energy. The declaration was made during President

– European Central Bank increased its trio of key interest rates by 25 basis points on Thursday, citing ongoing inflation pressures. The ECB noted that tensions in the Middle East continue to exert upward pressure on prices across the euro

– Russia is broadening its financial tools and development mechanisms aimed at bolstering its creative industries. This move comes as the economic significance of the sector continues to grow. In 2025, the creative sector contributed 4.2 percent to Russia’s GDP,

Volkswagen AG agreed to transfer its Osnabrück assembly plant to private equity firm Aurelius Capital and the government of Lower Saxony in a strategic move aimed at repurposing unused automotive capacity for European military production. As passenger car assembly declines by