Browsing: Business

– Four major financial firms have lined up $63 billion to pay for AI computing equipment that Broadcom will supply for Anthropic. Bank of America, Blackstone, Citi and Morgan Stanley announced the financing structure on Monday, October 26. The money

– 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

– Russian Security Council Secretary Sergei Shoigu announced on October 20 that trade with Oman has hit its peak in ten years. Bilateral commerce surged 22 times to $1.5 billion during the first seven months of 2026. Shoigu shared these

– The United Arab Emirates has increased its joint investment initiative with Greece by an additional €15 billion, nearly quadrupling the original program size. This expansion was announced on Thursday, October 22, during an official visit to Athens by Sheikh

– The Bank of Italy forecasts that Italy’s economy will expand by 1% in 2026. The central bank revised its outlook upward in its latest Economic Bulletin published on October 16, projecting a slowdown to 0.7% in 2027 and an

– European Union borrowing is forecasted to reach approximately €1 trillion by the end of 2027, according to the latest annual review from the European Court of Auditors. As of the end of 2025, EU borrowing amounted to €738.9 billion,

– The World Trade Organization has increased its projection for global merchandise trade expansion in 2026 to 3.9 percent. This updated forecast more than doubles the 1.9 percent estimate issued in March. The revision reflects robust trade activity in the

– France and Germany have put forward a new instrument aimed at enabling the EU to act more swiftly against significant market distortions. French President Emmanuel Macron and German Chancellor Friedrich Merz presented their plan to European Commission President Ursula

– UK mortgage costs experienced a further rise in early October, with the average five-year fixed rate reaching 6.00%. This level marks the highest since September 2023. The average two-year fixed rate also climbed to 5.98%, its peak since December

– Russia anticipates its total grain yield for 2026 to be around 140 million tonnes as farmers wrap up the harvest. Deputy Prime Minister Dmitry Patrushev reported that more than 126 million tonnes had been collected by October 2. By