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Russia has set a target of 662 million tonnes of annual coal production by 2050 under a newly approved industry programme. The figure forms part of the target scenario in Russia’s updated coal development plan. Production stood at about 443

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.

The Government of Portugal has officially approved a capital investment of approximately 420 million euros to expand municipal light rail and bus rapid transit networks across the northern metropolitan region. The cabinet decision authorizes the extension of the Porto Metro

Global shipping networks are confronting unprecedented operational risks as maritime authorities mark World Maritime Day. The International Maritime Organization in London highlighted that commercial shipping faces direct impacts of wider geopolitical tensions, which have disrupted critical supply chains and escalated

Higher road fuel prices have added an estimated €53 billion to European Union transport costs in 2026. Transport & Environment published the estimate on September 23 after examining the 28 weeks through September 6. The Brussels-based group compared fuel spending

The OECD raised its 2026 global growth forecast to 2.9% as the world economy proved more resilient than expected. The estimate increased from 2.8% in the organization’s June outlook. However, the OECD cut its 2027 forecast to 3.0% from 3.1%.

Russia’s non-resource, non-energy exports exceeded $96 billion in January through July 2026, up 8% from the same period last year. First Deputy Prime Minister Denis Manturov reported the year-on-year increase in the latest update on Russian exports. The category excludes

The value of European Union petroleum oil imports jumped 55.8% in the second quarter of 2026, while volumes changed little. Eurostat said import volume reached 36.7 million tonnes, up 1.2% from the monthly average recorded in 2025. The figures show

European wheat prices rose in the latest completed session as disruption to Black Sea grain exports kept supply conditions in focus. December wheat on Paris-based Euronext closed Monday’s daytime session 0.9% higher at €243.75 per metric ton. The contract recovered

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