Browsing: Business

– Russia has outlined a plan to achieve an annual coal output of 662 million tonnes by 2050, as part of a newly approved industry strategy. This figure is integrated into the revised coal development plan’s target scenario. In 2024,

Moody Ratings has reaffirmed the European Union top AAA credit rating with a stable outlook, underscoring that the 27-nation bloc continues to possess the highest level of creditworthiness supported by its solid institutional structure and strong fiscal commitments from key

– The Portuguese government has officially sanctioned a capital expenditure of roughly 420 million euros aimed at broadening urban light rail and bus rapid transit systems throughout the northern metropolitan area. This decision authorizes extending the Porto Metro network into

As World Maritime Day is observed, global shipping networks confront unparalleled operational threats. The International Maritime Organization in London emphasized that wider geopolitical tensions are directly affecting commercial shipping, disrupting vital supply chains and raising the danger level for merchant

– An increase in road fuel prices is projected to have added approximately €53 billion to European Union transport costs in 2026. This estimate was published by Transport & Environment on September 23 after analyzing data from the 28 weeks

– The OECD has upgraded its 2026 forecast for global growth to 2.9%, driven by a more resilient world economy than previously anticipated. This marks an increase from the 2.8% predicted in the organization’s June report. Nevertheless, the OECD has

– In the period from January to July 2026, Russia’s exports excluding resources and energy goods exceeded $96 billion, reflecting an 8% increase compared to the same timeframe last year. First Deputy Prime Minister Denis Manturov announced the year-on-year rise

– The European Union experienced a 55.8% jump in the value of petroleum oil imports during the second quarter of 2026, with little change in the physical volume. According to Eurostat, the import volume reached 36.7 million tonnes, representing a

– European wheat futures experienced an uptick 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%

During a high-level economic briefing in Moscow, President Vladimir Putin announced that Russia anticipates its federal budget deficit will be around 2 percent of gross domestic product this year, based on a very conservative crude oil price estimate. Opening the