Browsing: Business

The Brazilian government announced on Thursday that it is preparing potential reciprocal trade measures against the European Union if bilateral negotiations fail to reverse a newly enacted European ban on Brazilian animal products. The diplomatic rift escalated after a deadline

– Euro area annual inflation increased to an estimated 3.3% in August 2026, up from 2.9% in July. The month saw a significant rise in energy costs. Eurostat published the preliminary estimate on Sept. 1. The inflation rate was 2.8%

Surging energy costs rattled Wall Street as a sharp uptick in crude oil prices sparked fresh fears of persistent inflation and central bank interest rate hikes. The Dow Jones Industrial Average dropped 380 points during the decline, with broader market

– The Bank of Russia anticipates an average key rate of 13% to 15% in 2027 in its proinflationary scenario. This projection is part of the central bank’s Monetary Policy Guidelines for 2027 to 2029. As of the end of

– Russia intends to boost its yearly vehicle manufacturing to approximately 2.8 million units by the year 2035. This target was unveiled by First Deputy Prime Minister Denis Manturov on August 31 during a meeting focused on the sector’s growth.

– Oil prices declined once again on Thursday, prolonging a multi-day downward trend as traders monitored developments around the Strait of Hormuz. Brent crude futures decreased by 41 cents, or 0.5%, to $87.43 a barrel at 0330 GMT. West Texas

– Hungary has decided to keep its updated 2026 budget deficit projection at 7.5% of gross domestic product. The Finance Ministry confirmed this figure as the government prepares to revise this year’s budget plan. Officials pointed to the country’s fiscal

– The European Union experienced a €21.8 billion goods trade shortfall in the second quarter of 2026, marking its first quarterly deficit since 2023. During this period, imports from outside the bloc amounted to €701.8 billion, while exports reached €680.0

– According to new data from Adzuna, the number of graduate job vacancies in the UK dropped by almost 46% in July compared to the same month last year. The platform reported 8,383 active graduate positions, down from 15,397 in

– In the second quarter of 2026, economic activity across OECD nations experienced a modest uptick, with gross domestic product (GDP) increasing by 0.5% compared to the previous quarter. This follows a 0.4% growth in the first quarter, based on