Browsing: Business

– President Donald Trump has unveiled plans by Audi to build a car factory in Georgia capable of producing 200,000 vehicles a year. Speaking at a campaign rally in Perry on Saturday, October 24, Trump said the German carmaker had

– On October 20, Russian Security Council Secretary Sergei Shoigu announced that trade with Oman has achieved its highest level in ten years. In the first seven months of 2026, bilateral trade expanded 22-fold to reach $1.5 billion. Shoigu shared

– The UAE has broadened its collaborative investment effort with Greece by an additional €15 billion, nearly quadrupling the original scope of the program. This expansion was unveiled on Thursday, October 22, during an official visit to Athens by Sheikh

– The economy of Italy is anticipated to expand by 1% in 2026, based on recent forecasts from the Bank of Italy. The central bank has increased its prediction for this year in its latest Economic Bulletin, issued on October

– European Union borrowing could reach approximately €1 trillion by the conclusion of 2027, according to the latest annual report from the European Court of Auditors. As of the end of 2025, EU borrowing stood at €738.9 billion, up from

– The World Trade Organization has upgraded its projection for global merchandise trade expansion in 2026 to 3.9 percent. This new forecast more than doubles the previous 1.9 percent estimate issued in March. The revision was supported by increased trade

– France and Germany have put forward a proposal for a new EU trade instrument aimed at enabling quicker responses to significant market distortions. French President Emmanuel Macron and German Chancellor Friedrich Merz presented this initiative to European Commission President

– UK mortgage expenses increased once more in early October, with average five-year fixed rates reaching 6.00%. This marked their highest point since September 2023. Meanwhile, average two-year fixed rates also rose to 5.98%, the highest since December 2023. Moneyfacts

– Russia anticipates its 2026 grain yield to reach approximately 140 million tonnes as farmers conclude the season. Deputy Prime Minister Dmitry Patrushev reported that farmers had collected over 126 million tonnes by October 2. By that date, they had

– Euro area unemployment persisted at 6.4% in August 2026, matching the figure observed in July. According to Eurostat, the rate was 6.3% in August 2025. Within the European Union, the unemployment rate remained steady at 6.1% for the second