Browsing: Business

– On October 20, Russian Security Council Secretary Sergei Shoigu announced that trade with Oman has achieved its peak level in ten years. The bilateral trade volume increased 22 times, reaching $1.5 billion during the first seven months of 2026.

– The UAE has further amplified its joint investment initiative with Greece by adding €15 billion, nearly quadrupling the original amount. This announcement was made on Thursday, October 22, during an official visit to Athens by Sheikh Khaled bin Mohamed

– According to the latest forecast from the Bank of Italy, the country’s gross domestic product is expected to grow by 1% in 2026. The central bank’s recent Economic Bulletin, published on October 16, increased its growth outlook for this

– European Union borrowing could reach approximately €1 trillion by the end of 2027, based on the latest annual report from the European Court of Auditors. As of the end of 2025, EU debt stood at €738.9 billion, an increase

– The World Trade Organization has upgraded its projection for the increase in global merchandise trade in 2026 to 3.9 percent. This revised forecast more than doubles the 1.9 percent estimate issued in March. The boost reflects stronger trade activity

– France and Germany have put forward a new EU trade tool aimed at enabling quicker responses to significant market distortions. French President Emmanuel Macron and German Chancellor Friedrich Merz introduced the proposal to European Commission President Ursula von der

– UK mortgage costs rose again in early October as average five-year fixed rates reached 6.00%. That marked their highest level since September 2023. Average two-year fixed rates also climbed to 5.98%, the highest since December 2023. Moneyfacts recorded the

– Russia forecasts its 2026 grain harvest will reach approximately 140 million tonnes as the season concludes. Deputy Prime Minister Dmitry Patrushev announced that farmers had collected more than 126 million tonnes by October 2. By that date, they had

– Euro area unemployment held steady at 6.4% in August 2026, the same as in July. According to Eurostat, the rate was 6.3% in August 2025. Unemployment across the European Union remained at 6.1% for a second consecutive month. While

– According to Eurostat, house prices across the European Union experienced a 4.7% growth in the second quarter of 2026 compared to the same period last year. During this period, rents also went up by 3.0%. As per the latest