Browsing: Business

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.

– In a move aimed at enhancing regional connectivity, the Portuguese Government has given formal approval for a capital allocation close to 420 million euros dedicated to expanding light rail and bus rapid transit (BRT) systems within the northern metropolitan

As global shipping networks face escalating risks, maritime authorities observe unprecedented challenges during World Maritime Day. The International Maritime Organization in London emphasized that commercial shipping is directly affected by broader geopolitical conflicts, which have disrupted vital supply chains and

– As of 2026, road fuel prices are projected to lead to an additional €53 billion in transportation expenses within the European Union. On September 23, Transport & Environment released this projection after analyzing data from the first 28 weeks

– OECD has updated its 2026 global growth outlook to 2.9%, reflecting the resilience of the world economy beyond previous expectations. This new forecast marks an increase from the 2.8% predicted in the organization’s June report. Nonetheless, the OECD has

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

– In the second quarter of 2026, the European Union experienced a 55.8% jump in the monetary value of petroleum oil imports, despite only marginal changes in volume. According to Eurostat, the total import volume reached 36.7 million tonnes, representing

– European wheat prices experienced an uptick in the latest trading session, driven by ongoing supply constraints from the Black Sea region. On Monday, December wheat futures traded on Paris-based Euronext closed 0.9% higher at €243.75 per metric ton. This

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

– 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