Browsing: Business

– Austria’s economic prospects are under review as the country’s central bank adjusts its growth forecasts for the coming years. The Oesterreichische Nationalbank has lowered its 2026 economic growth estimate following sluggish activity in the year’s first half. The bank

Gold prices remained near their lowest point in a week on Friday, amid widespread market unease following a sharp decline in the previous trading session. Precious metal prices hovered close to multi-session lows as investors reassessed global monetary policy expectations

Investor sentiment across Europe took a hit as major stock indices closed lower following the European Central Bank’s decision to hike interest rates. The decline was driven by widespread selling across key benchmarks during the trading session after Frankfurt’s monetary

In an effort to strengthen economic ties, India and Russia have agreed to accelerate their bilateral cooperation with the goal of reaching $100 billion in two-way trade by 2030. This initiative was discussed during high-level plenary sessions at the INNOPROM

– In a significant move to strengthen economic ties, the United Arab Emirates is set to channel €40 billion into Germany, targeting key sectors such as industry, artificial intelligence, cutting-edge technology, digital infrastructure, and energy. This substantial investment plan was

– The European Central Bank announced an uplift of its three main interest rates by 25 basis points on Thursday, driven by ongoing inflation pressures. The ECB highlighted that the conflict in the Middle East continues to exert upward pressure

– Russia continues to bolster its creative industries through the introduction of new financial and developmental resources, reflecting the sector’s growing economic significance. In 2025, the industry contributed 4.2 percent to the Russian GDP, with its gross value added reaching

Volkswagen AG signed an agreement to hand over its Osnabrück assembly plant to private equity group Aurelius Capital and the state government of Lower Saxony in a pivotal move to pivot unused automotive capacity toward European military production. As passenger car

In the context of ongoing efforts to diversify its trade portfolio, Russia’s non-resource, non-energy industrial exports amounted to $58.8 billion in the initial six months of 2026, boosted by increased shipments in chemicals, metallurgy, and light industry goods. The Russian

On Thursday, the Brazilian government indicated it is considering retaliatory trade actions against the European Union should bilateral negotiations not succeed in overturning the recent European ban on Brazilian animal products. The diplomatic disagreement intensified after a deadline set by