Business news — September 28, 2026

7 publications

1. BusinessTaxTradeCommodities

   Sep 28, 2026, 20:57 UTC

   

   Bosch to Halve Workforce at Nuremberg Plant by 2029

   Automotive supplier Bosch is set to reduce its workforce at its Nuremberg plant by half, with around 900 jobs expected to be cut by 2029. The company currently employs 1,800 people at the site, producing components for internal combustion engines and fuel cells. The job cuts are attributed to the ongoing shift in the automotive industry towards electric vehicles, increasing competition from Chinese rivals, and stagnating global car demand. Bosch has pledged to find socially acceptable solutions for the affected employees.

   11 sourcesSee all sources
2. BusinessBudgetTradeLogistics

   Sep 28, 2026, 17:36 UTC

   

   Russia's Finance Ministry Projects Lower Budget Deficit for 2027

   Russia's finance ministry has proposed a budget for 2027 with a projected deficit of 2.2% of GDP, down from an expected 3% in 2022. The budget, unveiled at the end of last week, anticipates revenues to rise by 7.5%, barely keeping pace with inflation. However, these projections have historically been optimistic and may not align with reality.

   2 sourcesSee all sources
3. BusinessCommodities

   Sep 28, 2026, 16:30 UTC

   

   Bar Closures in Italy: Over 24,000 Venues Shuttered in Six Years

   In the past six years, Italy has witnessed the closure of over 24,000 bars and other commercial activities, leading to a loss of approximately 7.2 billion euros. This trend, affecting both small towns and large cities, is attributed to high rents, increased costs, and the shift towards online shopping.

   3 sourcesSee all sources
4. BusinessCaribbeanBudget

   Sep 28, 2026, 14:36 UTC

   

   Eni and IP Cap Fuel Prices in Italy

   Italian energy giants Eni and Italiana Petroli (IP) have implemented a temporary price cap on gasoline and diesel, effective from September 28, 2026. Eni's cap is set at €1.99 per liter for gasoline and €2.19 for diesel, while IP's cap will be implemented gradually. The initiative aims to provide relief to Italian consumers amidst rising fuel prices, with the cap initially lasting for 30 days and potentially extendable until the end of the year.

   72 sourcesSee all sources
5. BusinessBudgetTradeEquities

   Sep 28, 2026, 06:22 UTC

   

   Communal Service Tariffs Criticized for Being Too Low

   The head of the 'Council of Housing and Communal Services', Mark Geller, has criticized the slow growth and low levels of communal service tariffs in Russia. He argues that these tariffs have fallen behind inflation by 39.1% and that the industry is losing 1.27 trillion rubles annually due to artificial tariff control. Geller believes that tariffs should be 40% higher to cover repair and network update costs. Despite these concerns, a 10% tariff increase is planned from October 1, with further indexations expected.

   14 sourcesSee all sources
6. BusinessChinaBanking

   Sep 28, 2026, 04:18 UTC

   

   Russians Can Now Top Up Bank Accounts via Third-Party ATMs

   Starting October 1, Russians can deposit cash into their bank accounts using the System for Transferring Electronic Payments (SBP) through third-party ATMs. The daily limit is 50,000 rubles, and the monthly limit is 200,000 rubles. This service was made possible after the Bank of Russia's instruction was registered with the Ministry of Justice.

   5 sourcesSee all sources
7. BusinessTradeMarketsEquities

   Sep 28, 2026, 00:47 UTC

   

   Wall Street Futures Drop After Positive Week

   After a profitable week on Wall Street, stock futures slipped in early trading. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all opened lower, indicating a potential downturn following recent gains.

   2 sourcesSee all sources