Browsing: Business

The Brazilian government announced on Thursday that it is preparing potential reciprocal trade measures against the European Union if bilateral negotiations fail to reverse a newly enacted European ban on Brazilian animal products. The diplomatic rift escalated after a deadline

– Euro area annual inflation rose to an estimated 3.3% in August 2026, from 2.9% in July. Energy prices increased sharply during the month. Eurostat reported the flash estimate on Sept. 1. The inflation rate had stood at 2.8% in

Surging energy costs rattled Wall Street as a sharp uptick in crude oil prices sparked fresh fears of persistent inflation and central bank interest rate hikes. The Dow Jones Industrial Average dropped 380 points during the decline, with broader market

– The Bank of Russia projects an average key rate of 13% to 15% in 2027 under its proinflationary scenario. The forecast forms part of the central bank’s Monetary Policy Guidelines for 2027 to 2029. Russia’s key interest rate stood

– Russia has outlined an ambitious plan to boost its yearly vehicle manufacturing to approximately 2.8 million units by 2035, as part of its newly revised automotive industry strategy. During a sector development meeting on Aug. 31, First Deputy Prime

– Oil prices fell again Thursday, extending a multi-day decline as markets tracked developments around the Strait of Hormuz. Brent crude futures dropped 41 cents, or 0.5%, to $87.43 a barrel at 0330 GMT. West Texas Intermediate crude futures fell

– In a move announced this week, Hungary has reaffirmed its revised 2026 budget deficit limit at 7.5% of gross domestic product. The Finance Ministry confirmed this figure as the government prepares to revise its current year’s budget. Officials pointed

– In the second quarter of 2026, the European Union experienced its first goods trade shortfall since 2023, totaling €21.8 billion. According to Eurostat, imports from outside the bloc reached €701.8 billion, whereas exports were €680.0 billion. This shift from

– According to recent data from Adzuna, UK graduate job vacancies declined by almost 46% in July compared to the same month last year. The platform reported 8,383 active graduate job listings, a significant decrease from 15,397 in July 2025.

– During the second quarter of 2026, economic expansion across OECD nations experienced a modest uptick, with gross domestic product increasing by 0.5% compared to the previous quarter. This is an improvement from the 0.4% growth recorded in the first