Browsing: Business

– Russia has established a goal to produce 662 million tonnes of coal annually by 2050, as part of a newly endorsed industry development programme. This target is embedded within the revised coal growth strategy in Russia’s updated plan. In

Moody Ratings has affirmed the European Union top AAA credit rating with a stable outlook, confirming that the 27-nation block maintains the highest degree of creditworthiness supported by its strong institutional framework and robust fiscal commitments from key member states.

– The Portuguese government has given formal approval for a capital expenditure of approximately 420 million euros aimed at enhancing light rail and bus rapid transit systems in the northern metropolitan area. This decision allows the extension of the Porto

Global maritime networks are facing unprecedented operational threats amid escalating geopolitical conflicts, as authorities observe World Maritime Day. The International Maritime Organization based in London emphasized that commercial shipping endures direct repercussions of these geopolitical strains, which have disrupted vital

– In 2026, the European Union is expected to face an additional €53 billion in transport expenses due to rising road fuel prices. Transport & Environment presented this estimate on September 23 after analyzing data from the 28 weeks ending

– The OECD has increased its forecast for global economic growth in 2026 to 2.9%, citing the resilience of the worldwide economy. This adjustment represents a rise from the 2.8% predicted in the organization’s June report. Despite the upward revision,

– In the period from January to July 2026, Russia’s exports excluding resources and energy exceeded $96 billion, representing an 8% increase compared to the same timeframe in 2025. First Deputy Prime Minister Denis Manturov announced this year-on-year growth in

– The European Union saw a significant 55.8% increase in the value of petroleum oil imports during the second quarter of 2026, despite little change in the volume imported. Eurostat indicated that the total import volume reached 36.7 million tonnes,

– European wheat futures experienced an uptick during the latest trading session, driven by persistent disruptions in Black Sea grain exports that continue to influence supply dynamics. On Monday, December wheat futures listed on Paris-based Euronext closed 0.9% higher at

Russia anticipates that its federal budget shortfall will be around 2 percent of gross domestic product this year, based on a very conservative crude oil price forecast, President Vladimir Putin announced during a top-level government economic meeting in Moscow. Addressing