Browsing: Business

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.

– Bank of Russia expects the average key rate to be between 13% and 15% in 2027, based on its proinflationary scenario. This projection is part of the central bank’s Monetary Policy Guidelines covering 2027 to 2029. At the end

– Russia intends to increase its annual vehicle output to approximately 2.8 million units by 2035, according to its revamped automotive development plan. First Deputy Prime Minister Denis Manturov announced this goal on Aug. 31 during a meeting focused on

– Oil prices declined once again on Thursday, continuing a multi-day downward trend as markets reacted to ongoing developments around the Strait of Hormuz. Brent crude futures decreased by 41 cents, or 0.5%, reaching $87.43 per barrel at 0330 GMT.

– Hungary intends to maintain its adjusted 2026 budget deficit goal at 7.5% of gross domestic product. The Finance Ministry confirmed this target as the government prepares to revise this year’s budget. Officials pointed to the country’s fiscal situation, severe

– The European Union experienced a €21.8 billion goods trade shortfall in the second quarter of 2026. This marks its first quarterly deficit since 2023, according to Eurostat. Imports from outside the bloc totaled €701.8 billion, while exports amounted to

– According to new data from Adzuna, the number of graduate job vacancies in the UK dropped nearly 46% in July compared to the previous year. The platform listed 8,383 active graduate roles, down from 15,397 in July 2025. This

– In the second quarter of 2026, OECD member countries experienced a slight uptick in economic activity, with gross domestic product increasing by 0.5% from the previous quarter. This follows a 0.4% growth rate recorded in the first quarter, based

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

– UK inflation reached its highest point since March in July, mainly because of increased household energy expenses. The Consumer Prices Index went up by 2.9% compared to the previous year, rising from 2.6% in June. This marked the first