Browsing: Business

– Euro area annual inflation climbed to approximately 3.3% in August 2026, up from 2.9% in July. The month saw a notable surge in energy costs. Eurostat issued the preliminary estimate on Sept. 1. The inflation rate was 2.8% in

Amid concerns over persistent inflation and expectations of a Federal Reserve rate hike, Wall Street experienced a downturn driven largely by soaring energy prices. The Dow Jones Industrial Average declined by 380 points, while broader indices also retreated amid heightened

– 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 is planning to boost its annual vehicle output to approximately 2.8 million units by 2035 as part of an updated national automotive development plan. During a sector-focused meeting on Aug. 31, First Deputy Prime Minister Denis Manturov announced

– Oil prices declined once again on Thursday, following a series of downward movements as traders monitored ongoing developments in the Strait of Hormuz. At 0330 GMT, Brent crude futures decreased by 41 cents, or 0.5%, reaching $87.43 per barrel.

– Facing a challenging fiscal environment, Hungary has decided to uphold its revised 2026 budget deficit goal at 7.5% of gross domestic product. The Finance Ministry confirmed this figure as the government prepares to amend the current year’s budget. Authorities

– As global trade dynamics continue to evolve, the European Union experienced a shift in its trade balance during the second quarter of 2026, recording a €21.8 billion deficit in goods. This marks the first quarterly deficit since 2023, with

– Amidst broader shifts in the UK’s labour landscape, new data from Adzuna reveals that the number of graduate job openings in the UK dropped by almost 46% in July compared to the same month last year. The platform identified

– Global economic activity in OECD nations experienced a modest uptick in the second quarter of 2026, with gross domestic product climbing by 0.5% compared to the previous quarter. This follows a 0.4% growth rate observed in the first quarter,

– UK inflation increased to its highest point since March in July, mainly driven by escalating household energy expenses. The Consumer Prices Index climbed 2.9% compared to the same month last year, up from 2.6% in June. This marked the