Browsing: Business

– According to Sergei Shoigu, Secretary of Russia’s Security Council, trade between Russia and Oman skyrocketed 22-fold to $1.5 billion during the first seven months of 2026. Shoigu emphasized that this figure marks the highest level in the past decade.

– During a visit to Athens on October 22, the United Arab Emirates announced plans to inject an additional €15 billion into Greece as part of a collaborative investment effort between the two nations. The statement was made during the

– The Bank of Italy expects the country’s gross domestic product to grow by 1% in 2026, above its previous forecast. Growth is then projected to slow to 0.7% in 2027 before edging up to 0.8% in 2028. The central

– European Union borrowing could reach approximately €1 trillion by the end of 2027, according to its latest annual report from the European Court of Auditors. The total EU debt outstanding increased over 20% to €738.9 billion by the close

– In a recent update, the World Trade Organization has elevated its outlook for global merchandise trade growth in 2026 to 3.9 percent. This marks a significant jump from the 1.9 percent estimate issued in March. The WTO explained that

– In recent developments, France and Germany have pressed the European Commission to establish a more agile trade defense mechanism capable of addressing severe market distortions. French President Emmanuel Macron and German Chancellor Friedrich Merz forwarded their proposal to Commission

– As of October 5, the UK five-year fixed mortgage rate has climbed to 6.00%, marking the first time in about three years that such levels have been observed. Meanwhile, the average two-year fixed rate increased to 5.98%, its highest

– Russia is projecting its 2026 grain yield to reach approximately 140 million tonnes as farmers approach the final phase of the harvest season. Deputy Prime Minister Dmitry Patrushev reported that the harvest has already surpassed 126 million tonnes. By

– Euro area unemployment maintained its rate at 6.4% in August 2026, remaining flat compared to July, according to Eurostat. The same measure was 6.3% in August 2025. Throughout the European Union, the unemployment rate persisted at 6.1% for a

– European Union house prices increased by 4.7% in the second quarter of 2026 compared to the previous year. During the same period, rents grew by 3.0%, marking a sustained upward trend across the bloc. Eurostat indicated that house prices