Browsing: Business

Moody Ratings sustained the European Union’s prime AAA credit rating with a stable outlook, pointing to the collective fiscal backing of net contributor nations that preserves the bloc’s premier standing in global debt markets. According to the rating agency, this

– The Portuguese government has sanctioned a public works package worth 420 million euros ($468 million) aimed at expanding the Porto Metro system to central Gondomar and introducing new light rail and metrobus routes to Trofa. Announced by Minister of

– European trade heavily relies on ocean freight, with non-member countries delivering 1.1 billion tonnes of goods valued at 1.27 trillion euros to the European Union through maritime channels. Eurostat’s data highlights the vital role of sea transport in maintaining

The international maritime community recently commemorated World Maritime Day amid the sobering recognition that the security of global shipping networks is under unprecedented threat. At the International Maritime Organization headquarters in London, which was lit up in blue for the

– An increase in petrol and diesel prices has led to an estimated €53 billion rise in European Union road transport expenses in 2026. Transport & Environment calculated this surge over the 28 weeks ending September 6, comparing spending with

– The OECD has increased its projection for global growth in 2026 to 2.9%, citing a stronger resilience across the world economy. This estimate has been revised upward from 2.8% in its June forecast, while the organization has reduced its

– In the first seven months of 2026, Russia’s exports excluding resources and energy surpassed $96 billion, representing an 8% increase compared to the same period last year, according to First Deputy Prime Minister Denis Manturov. This category encompasses goods

– European Union expenditure on petroleum oil imports saw a significant increase in the second quarter of 2026, despite nearly stable physical volumes. According to Eurostat, the import value surged by 55.8% compared to the average monthly figure for 2025.

– European wheat prices moved upward as ongoing disruptions in Black Sea exports kept global grain availability in focus. On Euronext, December wheat closed Monday’s trading session 0.9% higher at €243.75 per metric ton, rebounding after declines in the previous

During a high-level government meeting on the economy in Moscow, President Vladimir Putin announced that Russia anticipates its federal budget shortfall to reach roughly 2 percent of gross domestic product this year, based on a highly conservative crude oil price