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 approved a 420 million euro ($468 million) public works package to extend the Porto Metro network to central Gondomar and deploy new light rail and metrobus corridors to Trofa. Announced by Minister of the Presidency

– European trade continues to be predominantly driven by ocean freight, as non-member states supplied 1.1 billion tonnes of goods valued at 1.27 trillion euros to the European Union through maritime routes. Eurostat’s latest figures highlight the critical importance of

The global maritime community recently commemorated World Maritime Day amid the sobering recognition that international shipping networks are currently facing unprecedented security challenges stemming from broader geopolitical tensions. At the IMO headquarters in London, which was illuminated in blue to

– In 2026, increased costs for petrol and diesel have contributed an estimated €53 billion to European Union road transport expenditures. Transport & Environment conducted a calculation of this rise over the 28-week period ending September 6, comparing the spending

– The OECD has increased its projection for worldwide economic expansion in 2026 to 2.9%, citing increased resilience observed across the global economy. This revised estimate marks an upward shift from the 2.8% forecast issued in June. Simultaneously, the organization

– In the first seven months of 2026, Russia’s exports excluding energy and resource-based goods surpassed $96 billion, marking an increase of 8% compared to the same period last year, as reported by First Deputy Prime Minister Denis Manturov. This

– European Union experienced a significant increase in petroleum oil import expenditures during the second quarter of 2026, despite nearly unchanged physical import volumes. According to Eurostat, the value of oil imports surged by 55.8% compared to the average monthly

– European wheat prices moved upward as the persistent disruption of Black Sea exports kept global grain supply concerns at the forefront. On Euronext, December wheat closed Monday’s trading session up 0.9% at €243.75 per metric ton, recovering after two

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