Browsing: Business

OPEC plus nations, including Saudi Arabia and Russia, will pause oil output increases in early 2026 to maintain market balance and review global demand.

Italy seizes €1.3bn from Campari owner Lagfin in a tax fraud probe over undeclared gains during a corporate merger, confirming no charges against Campari.

Mauritania and France signed a €39.2m deal to fund 10 solar power plants with battery storage to boost energy access and improve grid reliability.

ECB keeps rates unchanged at 2% as inflation nears target and eurozone growth remains stable amid global challenges.

EU pasta output reached 6 million tonnes in 2024, valued at €9.1 billion, with Italy producing 69 percent and leading both production and exports.

Russia sets a 66 percent increase target for non-energy exports by 2031, focusing on trade diversification across Asia, Africa, and Latin America.

Belgium’s government ended budget talks without a 2026 deal as Prime Minister Bart De Wever’s coalition failed to agree on €10 billion in savings.

Gold now accounts for 20% of official reserves worldwide, overtaking the euro and strengthening its role as a key asset in central bank portfolios.

Euro area annual inflation rose to 2.2% in September 2025, driven by services and food prices, marking a shift after two months of stable consumer prices.

Nestlé to cut 16000 jobs globally over two years in major restructuring aimed at operational efficiency following leadership transition and cost review.