Browsing: Business

– The Bank of England has outlined a multi-year plan to gradually reduce its remaining holdings of monetary-policy gilts by September 2034. The central bank will dispose of £20 billion worth of government bonds annually, while allowing other gilts to

– Ahead of its September gathering, the Bank of England maintains the Bank Rate at 3.75%, with inflation still exceeding its 2% target. The Monetary Policy Committee is scheduled to announce its next interest rate decision on September 17. The

– Following a slowdown in activity during the initial half of the year, Austria’s central bank has revised downward its 2026 economic growth outlook. The Oesterreichische Nationalbank now anticipates a 0.5% increase in real gross domestic product for this year,

On Friday, gold prices remained close to their lowest point in a week, demonstrating widespread market pressure following a sharp decline in the previous trading session. Precious metal prices hovered near multi-session lows as investors reassessed global monetary policy outlooks

Equity markets across Europe ended in the red as investors reacted to the European Central Bank’s decision to hike key interest rates. Selling pressure affected major regional indices throughout the trading day following monetary policy announcements from Frankfurt. The pan-European

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

– During President Sheikh Mohamed bin Zayed Al Nahyan’s visit to Germany, an ambitious plan was unveiled by the United Arab Emirates to allocate €40 billion across various key sectors in Germany. This financial package encompasses fields such as industry,

– The European Central Bank raised its three key interest rates by 25 basis points on Thursday as inflation pressures persisted. The ECB said the Middle East conflict continues to add pressure to prices across the euro area. The deposit

– Russia is broadening its range of financial and developmental tools aimed at its creative industries, as their contribution to the economy continues to grow. In 2025, the sector contributed 4.2 percent to Russian GDP, with a gross value added

Volkswagen AG has entered into an agreement to transfer ownership of its Osnabrück assembly plant to the private equity firm Aurelius Capital and the Lower Saxony state government, marking a strategic move to redirect unused automotive capacity toward European military production.