Browsing: Business

Volkswagen AG has finalized a preliminary agreement to transfer ownership of its Osnabrück assembly facility to majority stakeholder Aurelius Capital and co-owner Lower Saxony. Following the planned cessation of vehicle manufacturing in 2027, the new owners will transform the plant into

During the first half of 2026, Russia’s exports of non-resource, non-energy industrial goods increased to a total of $58.8 billion, driven by higher shipments of chemical products, metallurgical outputs, and light industrial items. The Russian Federation Minister Anton Alikhanov announced

A growing dispute over agricultural trade has surfaced between South America’s leading economy and the European Union after Brussels decided to cease all imports of Brazilian livestock and related products. This ban took effect once the deadline to comply with

– Euro area annual inflation reached an estimated 3.3% in August 2026, marking an increase from 2.9% in July. The rate was 2.8% in June and 2.0% in August 2025. Eurostat published this preliminary figure on Sept. 1, indicating that

A surge in crude oil prices driven by escalating geopolitical tensions in the Middle East triggered widespread sell-offs in U.S. equity markets amid fears of inflation. The Dow Jones Industrial Average experienced a decline of 380 points as investors evaluated

– According to the Bank of Russia, its forecast for the average key rate in 2027 ranges from 13% to 15% under a scenario characterized by persistent inflationary pressures. This projection is outlined in the institution’s Monetary Policy Guidelines for

– Russia has established a target to manufacture approximately 2.8 million vehicles annually by 2035 as part of its updated strategy for the automotive sector. First Deputy Prime Minister Denis Manturov announced this goal on August 31 during a sector-focused

– Oil prices continued their downward trend on Thursday, marking a prolonged decline that has persisted over several trading sessions. At 0330 GMT, Brent crude futures decreased by 41 cents, or 0.5%, settling at $87.43 per barrel, while U.S. West

– In its revised spending plan, Hungary has confirmed its 2026 budget deficit goal at 7.5% of gross domestic product, despite making adjustments to its previous projections. The Hungarian Finance Ministry explained that the updated budget reflects the impact of

– The European Union experienced a trade imbalance in goods amounting to €21.8 billion during the second quarter of 2026, marking the first quarterly deficit since the same period in 2023. The bloc’s imports from outside the EU rose to