Browsing: Business

– On October 20, Russian Security Council Secretary Sergei Shoigu announced that trade with Oman has hit its peak in ten years. During the first seven months of 2026, bilateral commerce surged 22 times to reach $1.5 billion. Shoigu presented

– On Thursday, October 22, during an official visit to Athens by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, the UAE announced a substantial expansion of its joint investment initiative with Greece by adding

– As of October 2026, Italy’s economic outlook suggests a growth of 1% in 2026, based on fresh estimates from the Bank of Italy. The institution increased its forecast for this year in its latest Economic Bulletin, which was published

– European Union borrowing is projected to approach €1 trillion by the conclusion of 2027, based on the latest yearly evaluation from the European Court of Auditors. As of the end of 2025, EU borrowing had risen to €738.9 billion,

– The World Trade Organization has raised its forecast for global merchandise trade growth in 2026 to 3.9 percent. The new estimate is more than double the 1.9 percent projection published in March. Stronger trade during the first half, shifts

– In recent discussions, France and Germany have put forward a novel EU trade tool aimed at enabling quicker responses to significant market disruptions. French President Emmanuel Macron and German Chancellor Friedrich Merz presented this initiative to European Commission President

– UK mortgage costs rose again in early October as average five-year fixed rates reached 6.00%. That marked their highest level since September 2023. Average two-year fixed rates also climbed to 5.98%, the highest since December 2023. Moneyfacts recorded the

– Russia expects its 2026 grain harvest to total about 140 million tonnes as farmers complete the season. Deputy Prime Minister Dmitry Patrushev said farmers had gathered more than 126 million tonnes by October 2. They had threshed roughly 90%

– Euro area unemployment remained at 6.4% in August 2026, matching the rate recorded in July. Eurostat said the rate stood at 6.3% in August 2025. Across the European Union, unemployment held at 6.1% for a second consecutive month. The

– During the second quarter of 2026, the European Union experienced a 4.7% increase in house prices compared to the same period last year. Rents also saw a 3.0% rise over this timeframe, as reported by Eurostat. When comparing to