Browsing: Business

– The Bank of England has set a multi-year plan to unwind its remaining monetary-policy gilt holdings by September 2034. The central bank will sell £20 billion of government bonds each year while allowing other gilts to mature. Together, sales

– As the Bank of England prepares for its September policy session, Bank Rate stands at 3.75%, with inflation still exceeding the 2% target. The Monetary Policy Committee will announce its upcoming interest rate decision on September 17. Additionally, the

– In its latest assessment, Austria’s central bank has revised downward its forecast for 2026 economic growth, citing weaker activity in the first half of the year. The Oesterreichische Nationalbank now anticipates a real gross domestic product increase of 0.5%

On Friday, gold prices remained near their lowest level in a week, reflecting widespread market pressure following a significant sell-off in the previous trading session. The precious metal lingered close to multi-session lows as investors reassessed global monetary policy expectations

European equity markets closed lower across the region as investors digested the European Central Bank’s decision to raise key interest rates. Broad-based selling pressure affected major regional benchmarks throughout the trading session following monetary policy announcements from Frankfurt. The pan-European

India and Russia agreed to accelerate bilateral economic cooperation to achieve a target of $100 billion in two-way trade by 2030. Following high-level plenary sessions at the INNOPROM India 2026 industrial technology exhibition in New Delhi, officials from both governments

– During President Sheikh Mohamed bin Zayed Al Nahyan’s state visit to Germany, the United Arab Emirates revealed plans to allocate €40 billion across key sectors within the country. This investment package spans industry, artificial intelligence, cutting-edge technology, digital infrastructure,

– European Central Bank announced on Thursday its first increase of all three main interest rates by 25 basis points this year, citing ongoing inflationary pressures. The ECB pointed out that the conflict in the Middle East continues to exert

– Russia is broadening its range of financial and development mechanisms to support its creative sectors as their economic influence grows. In 2025, the industry contributed 4.2 percent to Russia’s GDP, with a gross value added amounting to 8.26 trillion

Volkswagen AG entered into an agreement to transfer its Osnabrück assembly facility to the private equity firm Aurelius Capital and the government of Lower Saxony, marking a significant shift to repurpose idle automotive capacity for European defense production. As passenger car