Browsing: Business

A sharp drop in equity markets was driven by rising energy prices, which reignited concerns over persistent inflation and potential interest rate hikes by the Federal Reserve. The Dow Jones Industrial Average fell 380 points amid broader market declines, with

– According to Bank of Russia, the expected average key rate in 2027 is projected to fall between 13% and 15% under its proinflationary scenario. This forecast is part of the central bank’s Monetary Policy Guidelines for 2027 to 2029.

– Russia intends to boost its yearly vehicle production to approximately 2.8 million units by 2035, as outlined in its revised automotive industry strategy. First Deputy Prime Minister Denis Manturov announced this goal on Aug. 31 during a sector development

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

– The Hungarian government has decided to keep its revised budget deficit target for 2026 at 7.5% of gross domestic product. The Finance Ministry confirmed this decision as officials prepare to amend this year’s budget. The government pointed to pressures

– The European Union experienced a €21.8 billion goods trade shortfall in the second quarter of 2026, marking its first quarterly deficit since 2023. During this period, imports from outside the bloc reached €701.8 billion, while exports amounted to €680.0

– In July, the number of graduate job vacancies in the UK plummeted by nearly 46% compared to the same month last year, according to recent data from Adzuna. The platform’s figures show there were 8,383 active graduate positions, down

– Economic activity across OECD countries experienced a modest uptick in the second quarter of 2026, with gross domestic product growing by 0.5% compared to the previous quarter. This follows a 0.4% increase in the first quarter, based on preliminary

– UK inflation reached its highest point since March in July, primarily due to escalating household energy costs. The Consumer Prices Index climbed 2.9% compared to the previous year, up from 2.6% in June. This marked the first annual increase

– European Union saw a notable rise in bankruptcy filings during the second quarter of 2026, coinciding with a slight decline in new business registrations. Seasonally adjusted data shows that new business entries decreased by 0.5% compared to the first