Browsing: Business

IMF cuts euro area growth forecast to 0.9% in 2026, with inflation at 2.9%, before growth improves to 1.2% in 2027, amid higher energy costs.

U.S. consumer prices fell 0.4% in June as annual inflation slowed to 3.5%, driven by lower gasoline and broader energy costs nationwide.

India is reviewing about 100 imported products across six sectors as officials assess domestic manufacturing gaps using detailed trade data.

EIB Group approves €17.4 billion for energy, nuclear upgrades, transport, business finance and Ukraine border links across Europe and partner markets this year.

Egypt’s net international reserves reached a record $55.07 billion in June 2026, rising nearly $2 billion from May, central bank data showed.

Volkswagen is reviewing up to 100,000 global job cuts, including 50,000 positions already covered by German agreements through 2030.

EU Council approval completes the bloc’s process for the EU-Mexico interim trade agreement, now pending Mexico’s domestic procedures.

Donald Trump and Iraqi Prime Minister Ali al-Zaidi discuss wider US cooperation in oil, gas, power, trade and private investment across Iraq.

US stocks ended lower after oil prices surged and chipmakers sold off, leaving the Nasdaq with the steepest decline among major indexes.

Brent crude jumped 9.6% to $83.30 and WTI rose 9.4% to $78.14 as Gulf shipping disruption drove a broad rally across global oil markets.