Germany’s economy could expand by around 1% in 2026, nearly twice the 0.5% growth forecast by the Bundesbank in June, President Joachim Nagel said. He pointed to stronger-than-expected export demand and increased government spending as key drivers behind the economy’s resilience after three years of stagnation. The German government’s debt-financed spending package,
Russia’s wealthiest individuals have provided more than 471 billion roubles, or over $5.6 billion, to the state budget through what government documents describe as “voluntary receipts” this year, according to Reuters. The contributions followed a closed-door meeting between President Vladimir Putin and leading Russian businesspeople in March, many of whom are under
The Central Bank of Russia has raised its key interest rate to 15% in an effort to tackle inflation and support the struggling rouble, marking the fourth consecutive increase. The unexpected two-percentage-point hike was prompted by the persistently high global inflation rates, partly triggered by Russia’s military intervention in Ukraine, which has led to a […]


