Browsing: Business

– The Bank of England has set a multi-year plan to unwind its remaining monetary-policy gilt holdings by September 2034. The central bank will sell £20 billion of government bonds each year while allowing other gilts to mature. Together, sales

– As it begins its September policy session, the Bank of England maintains its Bank Rate at 3.75%, despite inflation remaining above its 2% target. The upcoming meeting, scheduled for September 17, will see the Monetary Policy Committee (MPC) also

– Following weaker economic activity during the first half of the year, Austria’s central bank has adjusted its 2026 economic growth projection downward. The Oesterreichische Nationalbank now anticipates a real gross domestic product increase of 0.5% this year, a slight

Gold prices remained near their lowest point in a week on Friday, demonstrating widespread market pressure following a sharp sell-off in the previous trading session. The precious metal stayed close to multi-session lows as investors re-evaluated global monetary policy expectations

As investors processed the European Central Bank’s decision to elevate key interest rates, stock indices across Europe moved lower, leading to a broad-based sell-off during the trading session. The main regional benchmarks were notably impacted after the monetary policy announcement

India and Russia agreed to accelerate bilateral economic cooperation to achieve a target of $100 billion in two-way trade by 2030. Following high-level plenary sessions at the INNOPROM India 2026 industrial technology exhibition in New Delhi, officials from both governments

– During President Sheikh Mohamed bin Zayed Al Nahyan’s official state visit to Germany, the United Arab Emirates announced a plan to channel €40 billion into various key sectors within the country. This comprehensive financial package encompasses areas such as

– European Central Bank increased its three main interest rates by 25 basis points on Thursday in response to ongoing inflationary pressures, with the inflation figures remaining elevated. The ECB noted that the conflict in the Middle East continues to

– Russia is broadening its array of financial and developmental resources aimed at supporting its creative sectors amid their growing economic significance. In 2025, this industry contributed 4.2 percent to Russia’s gross domestic product, with its gross value added reaching

Volkswagen AG has finalized an agreement to transfer ownership of its Osnabrück assembly facility to the private equity firm Aurelius Capital along with the government of Lower Saxony, marking a significant move to redirect idle automotive capacity toward European military production.