Browsing: Business

Russia’s information technology sector recorded 2.8654 trillion rubles in revenue from goods and services in the first quarter of 2026, equal to about $38.94 billion. The figure marked an 8 percent increase from the same period in 2025. ANO Digital

Austria lost its last top sovereign credit rating after Morningstar DBRS downgraded the country to AA (high) from AAA, ending its remaining triple A assessment among major agencies. The rating agency changed the trend to stable. It also confirmed Austria’s

ST. PETERSBURG, RUSSIA / EuroWire / — Russian President Vladimir Putin said BRICS accounts for about 40% of global gross domestic product when measured by purchasing power parity. He made the remarks at the plenary session of the 29th St.

The European Commission has disbursed €12.8 billion to Italy under NextGenerationEU, advancing the country’s recovery and resilience plan after a positive assessment of completed commitments. The payment marks Italy’s ninth instalment under the Recovery and Resilience Facility. It also represents

Headline inflation across the Organisation for Economic Co-operation and Development rose to 4.4 percent in April 2026 from 4.0 percent in March, as higher energy prices lifted consumer price growth across many advanced economies. The increase, measured by the Consumer

Global steel excess capacity is projected to reach 745 million tonnes by 2028, according to the Organisation for Economic Co-operation and Development (OECD). The figure would exceed current production across member countries by 319 million tonnes. The projection appears in

The European Parliament’s trade committee backed legislation on Tuesday to remove import duties on many goods from the United States, advancing a central part of the EU-US trade framework reached in 2025. The committee approved the measure by 31 votes

EU imports of iron ore from non member countries fell 11.3% between 2020 and 2025, declining from 77.9 million tons to 69.0 million tons, according to industry data published on June 1. The figures show a smaller external supply base

European stocks closed lower on Monday as rising oil prices and renewed geopolitical tensions weighed on major regional markets, pulling the STOXX Europe 600 to its lowest level in more than a week. The pan European benchmark fell 0.8% to

The euro area unemployment rate stood at 6.3% in April 2026, unchanged from March and from April 2025, as the currency bloc’s labour market held steady on a seasonally adjusted basis. Eurostat said the broader European Union unemployment rate was