Browsing: Business

– Russia has established an ambitious goal of producing 662 million tonnes of coal each year by 2050 as part of a newly ratified industry development plan. This target is incorporated into the revised coal growth strategy outlined in Russia’s

Moody Ratings has reaffirmed the European Union top AAA credit rating, with a stable outlook, reaffirming that the 27-nation bloc continues to hold the highest level of creditworthiness supported by its resilient institutional framework and strong fiscal commitments from key

– A formal decision by the Portuguese government has greenlit a capital expenditure close to 420 million euros aimed at broadening the urban light rail and bus rapid transit systems in the northern metropolitan area. This government resolution authorizes extending

As World Maritime Day is observed, global shipping networks are confronting unparalleled operational hazards. The International Maritime Organization in London emphasized that wider geopolitical tensions are directly impacting commercial shipping, leading to disruptions in vital supply chains and increased danger

– In 2026, the cost of road fuel is projected to increase the transportation expenses of the European Union by an estimated €53 billion. This estimate was published by Transport & Environment on September 23 after analyzing data from the

– The OECD has upgraded its forecast for global growth in 2026 to 2.9%, citing the economy’s stronger-than-anticipated resilience. This revision marks an increase from the 2.8% previously projected in the organization’s June report. Nonetheless, the OECD has lowered its

– In the period from January to July 2026, Russia’s exports excluding resources and energy exceeded $96 billion, marking an 8% increase compared to the same months in the previous year. First Deputy Prime Minister Denis Manturov announced this year-on-year

– In the second quarter of 2026, the European Union experienced a 55.8% rise in the monetary worth of petroleum oil imports, despite little change in the volume imported. According to Eurostat, the import quantity reached 36.7 million tonnes, reflecting

– European wheat futures gained in the latest trading session, driven by persistent disruptions in Black Sea grain exports that kept supply concerns at the forefront. On Monday, the December wheat contract on Paris-based Euronext finished 0.9% higher at €243.75

During a high-level government meeting in Moscow, President Putin announced that Russia anticipates its federal budget shortfall to be around 2 percent of gross domestic product this year, based on a highly conservative crude oil price baseline. Opening the session