Browsing: Business

Volkswagen AG has reached a preliminary agreement to sell its Osnabrück assembly plant to majority owner Aurelius Capital and co-owner Lower Saxony. Following the scheduled end of vehicle production in 2027, the buyers plan to convert the factory into a hub

During the first half of 2026, Russia’s non-resource, non-energy industrial exports increased to $58.8 billion, driven by heightened shipments of chemical products, metallurgy, and light industrial goods. The Russian Federation Minister Anton Alikhanov confirmed these trade figures during briefings held

An intensifying trade conflict has surfaced between South America’s largest economy and the European Union after Brussels decided to suspend all Brazilian livestock and animal derivative imports. This measure was implemented once the deadline to comply with new EU antibiotic

– Euro area annual inflation increased to approximately 3.3% in August 2026, up from 2.9% recorded in July. Previously, the rate was 2.8% in June and 2.0% in August 2025. Eurostat announced this preliminary estimate on Sept. 1. Consumer prices

A sudden spike in crude oil prices, driven by escalating geopolitical tensions in the Middle East, triggered widespread sell-offs across U.S. stock markets amid inflation concerns. The Dow Jones Industrial Average declined by 380 points as traders contemplated the possibility

– The Bank of Russia forecasts its average key rate to range from 13% to 15% in 2027 assuming a proinflationary environment. This outlook is detailed in its Monetary Policy Guidelines for 2027 to 2029. Currently, the central bank maintains

– Russia plans to produce approximately 2.8 million vehicles annually by 2035 as part of its revised automotive industry strategy. First Deputy Prime Minister Denis Manturov announced this target on Aug. 31 during a meeting dedicated to the sector. The

– Oil prices declined again on Thursday, extending a downward trend that has persisted over several sessions. Brent crude futures fell by 41 cents, or 0.5%, reaching $87.43 a barrel at 0330 GMT. U.S. West Texas Intermediate crude decreased by

– Hungary will keep its 2026 budget deficit at 7.5% of gross domestic product while adjusting its expenditure plans. The Hungarian Finance Ministry announced that the revised budget accounts for deteriorated fiscal conditions, a severe drought, and increased energy costs.

– The European Union experienced a €21.8 billion goods trade deficit in the second quarter of 2026, marking its first quarterly shortfall since the same period in 2023. During this timeframe, imports from outside the EU totaled €701.8 billion, whereas