Browsing: Business

FAO forecasts global cereal output and trade to decline in 2026/27 after a record 2025 harvest, while stocks remain comfortable globally.

Russia’s IT sector revenue reached $38.94 billion in Q1 2026, as accredited companies reported growth in sales, jobs and taxes.

Austria lost its final AAA sovereign credit rating after Morningstar DBRS cut the country to AA high, citing deficits and debt pressure.

Putin said BRICS holds about 40% of global GDP by purchasing power parity, citing trade, exports and technology growth at SPIEF 2026.

EU recovery funding to Italy now stands near 85 percent of the country’s plan after a €12.8 billion ninth instalment under the RRF.

OECD inflation rose to 4.4% in April 2026 as energy prices surged, with food costs higher and core inflation steady across the bloc.

OECD warns global steel excess capacity could hit 745 million tonnes by 2028, with weak demand and rising capacity weighing on mills.

The EU-US tariff package advanced in committee, cutting duties on many U.S. goods while adding safeguards and a 2029 sunset clause.

EU iron ore imports from non member countries fell 11.3% since 2020 as domestic output and exports also declined by 2025.

European stocks closed lower Monday as the STOXX 600 fell 0.8%, with oil prices, Middle East tensions and sector moves in focus again.