Browsing: Business

– Russia has established a new industry target to produce 662 million tonnes of coal annually by 2050, as outlined in a recently approved development strategy. This target is integrated into Russia’s revised coal expansion plan, with current production reaching

As of the latest assessment, Moody Ratings has reaffirmed the European Union top AAA credit rating, maintaining a stable outlook. This confirmation underscores the bloc’s sustained high level of creditworthiness, bolstered by its solid institutional structure and substantial fiscal commitments

– In a significant move in Portugal, the government has given formal approval for a capital expenditure of around 420 million euros aimed at expanding municipal light rail and bus rapid transit (BRT) networks within the northern metropolitan region. The

As the World Maritime Day approaches, global shipping routes are facing unprecedented operational dangers amid escalating geopolitical tensions. The International Maritime Organization in London emphasized that commercial shipping is directly affected by broader geopolitical conflicts, which have disrupted vital supply

– Higher road fuel prices have added an estimated €53 billion to European Union transport costs in 2026. Transport & Environment published the estimate on September 23 after examining the 28 weeks through September 6. The Brussels-based group compared fuel

– The OECD raised its 2026 global growth forecast to 2.9% as the world economy proved more resilient than expected. The estimate increased from 2.8% in the organization’s June outlook. However, the OECD cut its 2027 forecast to 3.0% from

– As of July 2026, Russia’s exports excluding raw materials and energy surpassed $96 billion for the first seven months of the year, representing an 8% rise compared to the same period in 2025. First Deputy Prime Minister Denis Manturov

– The value of European Union petroleum oil imports jumped 55.8% in the second quarter of 2026, while volumes changed little. Eurostat said import volume reached 36.7 million tonnes, up 1.2% from the monthly average recorded in 2025. The figures

– European wheat prices experienced an increase in the most recent session, fueled by ongoing disruptions to Black Sea grain exports that kept supply concerns prominent. On Monday, December wheat futures listed on Paris-based Euronext ended the daytime trading session

During a high-level government discussion on the economy in Moscow, President Putin announced that Russia anticipates its federal budget shortfall to be around 2 percent of gross domestic product this year, based on a highly conservative crude oil price forecast.