Browsing: Business

– In the first seven months of 2026, commerce between Russia and Oman experienced a remarkable increase, reaching $1.5 billion, a 22-fold rise, as stated by Sergei Shoigu, Secretary of Russia’s Security Council. He explained that this figure marks the

– The United Arab Emirates is set to increase its financial commitment in Greece by an additional €15 billion through a collaborative investment initiative between the two nations. This development was announced on October 22 during the official visit of

– The Bank of Italy anticipates Italy’s gross domestic product will expand by 1% in 2026, upgrading its previous forecast. The central bank’s Economic Bulletin, released on October 16, states that growth is expected to decelerate to 0.7% in 2027

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

– The World Trade Organization has increased its projection for global merchandise trade growth in 2026 to 3.9 percent. This marks a significant rise from the 1.9 percent estimate issued in March. The WTO attributed the upward revision to stronger

– France and Germany have called on the European Commission to develop a swift mechanism for responding to severe market disruptions. French President Emmanuel Macron and German Chancellor Friedrich Merz submitted their proposal to Commission President Ursula von der Leyen.

– As of October 5, the UK five-year fixed mortgage rates have reached 6.00%, a level not seen in approximately three years. The average two-year fixed rate has increased to 5.98%, marking its highest point since mid-December 2023. This rise

– Russia anticipates its 2026 grain harvest will reach approximately 140 million tonnes as farmers proceed into the final phase of the season. Deputy Prime Minister Dmitry Patrushev indicated that harvesters had already gathered more than 126 million tonnes of

– Euro area unemployment remained steady at 6.4% in August 2026, with no change from July, according to data from Eurostat. The rate was slightly lower at 6.3% in August 2025. Meanwhile, across the European Union, the unemployment rate held

– European Union house prices increased by 4.7% in the second quarter of 2026 compared to the same period last year. During this period, rents also saw a rise of 3.0%, further extending the upward trend across the bloc. According