Browsing: Business

European equity markets closed higher amid expectations that the European Central Bank’s recent rate hike could benefit certain investors. Throughout the trading session, major benchmarks in the region experienced gains after Frankfurt’s monetary policy announcement. The pan-European STOXX 600 index

India and Russia agreed to accelerate bilateral economic cooperation to achieve a target of $100 billion in two-way trade by 2030. Following high-level plenary sessions at the INNOPROM India 2026 industrial technology exhibition in New Delhi, officials from both governments

– The United Arab Emirates intends to channel €40 billion into Germany, targeting various key industries. The funding will support sectors such as industry, artificial intelligence, cutting-edge technology, digital infrastructure, and energy. This announcement was made during President Sheikh Mohamed

– European Central Bank increased its three main interest rates by 25 basis points on Thursday. This move came as inflation pressures continued to persist. The ECB explained that the ongoing Middle East conflict continues to exert upward pressure on

– Russia is increasing its financial tools and development mechanisms for the creative sectors as their economic importance grows. In 2025, this sector contributed 4.2 percent to the Russian GDP. Its gross value added hit 8.26 trillion rubles that year.

Volkswagen AG entered into an agreement to transfer its Osnabrück factory to private equity firm Aurelius Capital and the Lower Saxony state government. This move aims to shift unused automotive capacity towards European military manufacturing. As passenger car assembly declines by

During the initial six months of 2026, Russia’s exports of non-resource, non-energy manufactured goods increased to $58.8 billion. This growth was largely driven by higher shipments of chemical products, metals, and light industrial items. The Russian Federation Minister Anton Alikhanov

On Thursday, Brazil announced plans to implement potential reciprocal trade actions if negotiations with the European Union do not lead to the reversal of a recently introduced ban on Brazilian animal products. The diplomatic conflict intensified after a deadline set

– Euro area annual inflation increased to approximately 3.3% in August 2026, up from 2.9% in July. The month saw a significant jump in energy prices. Eurostat announced the preliminary estimate on Sept. 1. In June, inflation was at 2.8%,

Rising energy costs caused turbulence on Wall Street. A sharp increase in crude oil prices fueled fears of ongoing inflation and possible interest rate hikes by the central bank. The Dow Jones Industrial Average fell 380 points amid the sell-off.