Browsing: Business

– The volume of trade between Russia and Oman experienced a remarkable increase, soaring 22 times to reach $1.5 billion during the initial seven months of 2026, according to Sergei Shoigu, Secretary of Russia’s Security Council. Shoigu emphasized that this

– During the official visit of Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, on October 22, the United Arab Emirates announced plans to channel an extra €15 billion into Greece as part of a

– The Bank of Italy anticipates Italy’s gross domestic product will expand by 1% in 2026, surpassing earlier predictions. The growth rate is then expected to decrease to 0.7% in 2027, before rising slightly to 0.8% in 2028. These projections

– European Union borrowing is projected to reach approximately €1 trillion by 2027, according to the latest annual report from the European Court of Auditors. By the end of 2025, EU outstanding debt had increased by over 20%, reaching €738.9

– The World Trade Organization has increased its forecast for global merchandise trade expansion in 2026 to 3.9 percent, a notable rise from the 1.9 percent estimated in March. According to the WTO, the revision was driven by robust trade

– The European Commission has received a joint proposal from French President Emmanuel Macron and German Chancellor Friedrich Merz, urging the creation of a swift trade response mechanism to address serious market disruptions. Their initiative aims to enable quicker action

– On October 5, the average UK five-year fixed mortgage rates hit 6.00%, a level not seen in nearly three years. Meanwhile, the typical two-year fixed rate increased to 5.98%, marking its highest point since mid-December 2023. This uptick was

– Russia anticipates its 2026 grain harvest will reach roughly 140 million tonnes as farmers enter the final phase of the harvest season. Deputy Prime Minister Dmitry Patrushev stated that farmers had already gathered over 126 million tonnes of grain.

– Euro area unemployment maintained a level of 6.4% in August 2026, with no change from July, as reported by Eurostat. In August 2025, the rate was 6.3%. Throughout the European Union, the unemployment rate persisted at 6.1% for the

– European Union house prices increased by 4.7% during the second quarter of 2026 compared to the same period last year. Over the same timeframe, rental costs grew by 3.0%, further extending their upward trend across the bloc. Eurostat indicated