Business
New data from Switzerland's leading bank shows Czech refineries operating on historically low profit margins, prompting expectations of a steep increase in fuel prices for motorists. The development has heightened scrutiny of the government's energy policy ahead of the upcoming legislative session.
Business
Sharp rises in fuel costs have prompted a surge in risky behaviours among motorists, including running red lights and using sunflower oil as a substitute fuel. Authorities warn that the trend threatens road safety and could trigger heavier penalties.
Business
Gasoline prices in Norway are expected to hit 50 kroner per litre by the holiday season, sparking debate over taxation and affordability. The surge coincides with rising oil‑field activity in the United States, underscoring the global nature of fuel markets.
Business
The Oesterreichische Nationalbank (OeNB) issued an upbeat inflation forecast, signalling a gradual easing of price pressures. It also warned that the improving economic outlook is expected to translate into tangible gains in 2025.
Business
Prime Minister Giorgia Meloni's government unveiled a decree to raise domestic oil production and prolong a diesel excise‑tax reduction as global oil prices hover around $100 a barrel. The measures aim to ease soaring energy costs for Italian consumers and industry.
Business
Germany's draft 2027 federal budget projects a historic deficit, prompting warnings from fiscal watchdogs that reforms are essential to preserve financial stability. The plan also sparks political friction over defence financing, police funding and a new crypto‑tax regime.
Business
The Sofia City Council voted to issue a new municipal debt instrument totaling €367 million, the highest level ever recorded for the Bulgarian capital. The move, aimed at financing upcoming infrastructure projects, raises questions about the city’s fiscal sustainability and its reliance on external financing.
Business
Brazil's two largest state‑owned banks are facing work stoppages, with a nationwide strike at Caixa Econômica Federal and a partial strike at Banco do Brasil beginning Thursday. The actions threaten to disrupt banking services across the country.
Business
Effective September 10, the federal government raised the retail price of gasoline by Rs3.40 and diesel by Rs6.72 per litre. The increase adds pressure to households and businesses already grappling with soaring inflation and a weak currency.
Business
Brent crude climbed above $100 per barrel, its highest level since July, after a series of US strikes on Iranian tankers and renewed Houthi attacks on Saudi targets. The price jump reflects growing fears for Gulf shipping lanes and a broader regional showdown.
Business
Greek authorities have exposed a scheme that saw 152 companies and 46 individuals obtain illicit tax refunds, resulting in a €40 million loss for the state. The case has become the country’s biggest domestic financial scandal of the year.
Business
A significant technical issue within the United Kingdom's air traffic control system has led to widespread flight cancellations and delays across the UK and Europe. The disruption, which stranded hundreds of thousands of travelers, is expected to continue affecting air travel for several days.