Browsing: Business

– Russia has formalized a goal to produce 662 million tonnes of coal annually by 2050 as part of a newly endorsed industry development strategy. This figure is included within the projected scenarios of Russia’s revised coal growth blueprint. In

Moody Ratings has reaffirmed the European Union top AAA credit rating, maintaining a stable outlook, thereby affirming that the 27-member bloc continues to possess the highest level of creditworthiness supported by its robust institutional framework and the strong fiscal commitments

– The Portuguese Government has given formal approval for a capital expenditure of around 420 million euros aimed at expanding municipal light rail and bus rapid transit systems throughout the northern metropolitan area. This governmental decision authorizes extending the Porto

The European Union imported 1.1 billion tonnes of goods from non-EU countries by sea, carrying a total monetary valuation of 1.27 trillion euros, according to trade data published by the statistical office of the European bloc. Official figures from Eurostat

As the global shipping industry faces mounting operational challenges amid heightened geopolitical conflicts, maritime authorities marked World Maritime Day by highlighting the urgent need for coordinated security measures. The International Maritime Organization in London emphasized that the ramifications of broader

– In 2026, higher prices for road fuel are expected to contribute an estimated €53 billion more to European Union transport expenses. This estimate was published by Transport & Environment on September 23 after analyzing data from the 28 weeks

– OECD has revised its projection for global economic expansion in 2026, raising it to 2.9% due to the economy’s unexpectedly strong performance. This upward revision increases the previous estimate of 2.8% from the organization’s June report. Nevertheless, the OECD

– In the period from January to July 2026, Russia’s exports excluding resource and energy products surpassed $96 billion, marking an 8% increase compared to the same timeframe last year. First Deputy Prime Minister Denis Manturov announced the year-on-year growth

– In the second quarter of 2026, European Union saw a significant 55.8% increase in the monetary value of petroleum oil imports, despite little change in the actual volume of these shipments. According to Eurostat, the total import volume reached

– European wheat futures increased during the most recent trading session as ongoing disruptions to Black Sea grain exports kept market participants focused on supply constraints. Specifically, December wheat on the Paris-based Euronext ended Monday’s trading session up by 0.9%