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Moody Ratings has affirmed the European Union top AAA credit rating with a stable outlook, confirming that the 27-nation block maintains the highest degree of creditworthiness supported by its strong institutional framework and robust fiscal commitments from key member states.

– A significant capital funding of around 420 million euros has received official approval from Portugal’s government to enhance municipal light rail and bus rapid transit systems in the northern metropolitan area. The decision by the cabinet allows for the

As World Maritime Day is observed, the international shipping industry faces unparalleled operational challenges due to escalating geopolitical tensions. The London-based International Maritime Organization pointed out that these wider political conflicts are directly impacting commercial shipping, disrupting essential supply routes

– In 2026, increased road fuel prices are expected to add roughly €53 billion to European Union transportation costs. This estimate was published by Transport & Environment on September 23 following an analysis of the 28 weeks ending September 6.

– The OECD has increased its forecast for global growth in 2026 to 2.9%, citing the resilience of the world economy despite challenges. This marks an upward revision from the 2.8% predicted in the organization’s June forecast. Conversely, the OECD

– Between January and July 2026, Russia’s exports excluding resources and energy exceeded $96 billion, reflecting an 8% increase compared to the same period last year. First Deputy Prime Minister Denis Manturov announced this year-on-year growth in the latest report

– European Union saw a 55.8% surge in petroleum oil import values during the second quarter of 2026, despite volumes remaining relatively stable. According to Eurostat, the import volume reached 36.7 million tonnes, marking a 1.2% increase compared to the

– European wheat prices increased in the most recent trading session, influenced by ongoing disruptions to Black Sea grain exports that keep supply concerns at the forefront. On Monday, December wheat futures on Paris-based Euronext closed the daytime trading at

During a high-level government meeting on the economy in Moscow, President Putin announced that Russia expects its federal budget deficit to reach approximately 2 percent of gross domestic product this year, based on a highly conservative crude oil price baseline.

– The Bank of England has established a multi-year plan to wind down its remaining holdings of monetary-policy gilts by September 2034. The central bank will offload £20 billion of government bonds annually while allowing other gilts to mature naturally.