Browsing: Business

– The Bank of England has established a multi-year strategy to reduce its remaining monetary-policy gilt holdings by September 2034. The central bank will sell £20 billion worth of government bonds annually, while allowing other gilts to mature naturally. This

– The Bank of England is set to hold its September policy gathering with Bank Rate at 3.75%, amid inflation levels exceeding its 2% target. The Monetary Policy Committee will announce its next interest rate decision on September 17. The

– The Oesterreichische Nationalbank has downgraded its forecast for Austria’s economic growth in 2026, citing weaker activity in the year’s first half. The bank now anticipates real gross domestic product to increase by 0.5% this year, down from its June

Gold prices hovered close to their lowest point in a week on Friday, as broad market sentiment remained weak following a significant sell-off in the previous trading session. The precious metal traded near multi-session lows as traders reassessed expectations for

The European equity markets concluded the trading day in the red, following the European Central Bank’s decision to raise key interest rates. The decline was driven by widespread selling across the region as investors processed the monetary policy announcement from

India and Russia have committed to boosting their economic partnership with an ambitious goal of achieving $100 billion in two-way trade by 2030. This ambitious target was set during high-level plenary discussions at the INNOPROM India 2026 industrial technology exhibition

– The United Arab Emirates intends to channel €40 billion into Germany, targeting a variety of key industries. This substantial financial commitment was announced during President Sheikh Mohamed bin Zayed Al Nahyan’s official visit to Germany. The discussions involving German

– On Thursday, the European Central Bank increased its three main interest rates by 25 basis points as inflationary pressures within the euro area persisted. The ECB attributed ongoing inflation to the conflict in the Middle East, which continues to

– Russia is broadening its financial support mechanisms for the creative industries as their economic significance continues to grow. In 2025, this sector contributed 4.2 percent to Russia’s GDP, with a gross value added of 8.26 trillion rubles for that

Volkswagen AG has entered into an agreement to transfer ownership of its Osnabrück assembly plant to private equity firm Aurelius Capital and the Lower Saxony state government, marking a strategic shift from automotive production to European military manufacturing. As passenger car