Business news

FlashFeed
📈
US 10-year Treasury yield hits level unseen for 19 years
📈 Business
📈 Business

US 10-year Treasury yield hits level unseen for 19 years

US 10-year Treasury yields have risen to their highest level in nearly two decades. Three main factors drive the increase: persistent inflation, massive bond issuance by the federal government, and investment boom fueled by artificial intelligence. Higher Treasury yields translate to higher borrowing costs for consumers and businesses.

Comments

No comments yet

📈
Gas bills may jump up to 60 percent from January
📈 Business
📈 Business

Gas bills may jump up to 60 percent from January

Energy tariffs are expected to remain unchanged through the end of the year, but bills could spike sharply in January. Bartłomiej Derski from WysokieNapiecie.pl warns that in a worst-case scenario, gas charges could rise by as much as 60 percent.

Comments

1 in the thread

📈
Polish communist-era crystals worth up to 3000 zł: collectors hunt for old glass
📈 Business
📈 Business

Polish communist-era crystals worth up to 3000 zł: collectors hunt for old glass

Crystal glassware produced in Poland during the communist era is experiencing a surge in popularity among collectors. Prices range from dozens of złoty to as much as 3000 zł, depending on the model, condition, and provenance of the item. It may be worth checking attics and sideboards before deciding to discard old glassware.

Comments

No comments yet

📈
Paramount moving Series B shares from Nasdaq to NYSE in October
📈 Business
📈 Business

Paramount moving Series B shares from Nasdaq to NYSE in October

Paramount announced it will move its Series B share listings from Nasdaq to the New York Stock Exchange in early October. In a filing with the SEC, the company noted that the exact date may change due to a pending merger with Warner Bros. Discovery worth 110 billion dollars.

Comments

No comments yet

📈
📈 Business
📈 Business

Fed Chief Kevin Warsh pushes reforms, further rate hikes possible

Federal Reserve Chairman Kevin Warsh is driving rapid changes in how the U.S. central bank operates, facing internal resistance. His emerging monetary policy suggests that further interest rate increases remain possible. The pace and direction of reforms are creating tension within the institution.

Comments

No comments yet

📈
ADARx Pharmaceuticals debuts on Nasdaq with $446M IPO
📈 Business
📈 Business

ADARx Pharmaceuticals debuts on Nasdaq with $446M IPO

ADARx Pharmaceuticals went public on Nasdaq with an IPO valued at $446.3 million. AbbVie invested an additional $89 million in the company. ADARx develops drugs based on RNAi technology, with onvuzosiran as its most advanced project.

Comments

No comments yet

📈
Poland close to Foxconn deal: EV factory in Jaworzno from spring 2027
📈 Business
📈 Business

Poland close to Foxconn deal: EV factory in Jaworzno from spring 2027

The Polish government, ElectroMobility Poland, and Taiwan's Foxconn are finalizing negotiations to be concluded within weeks. Minister of State Assets Wojciech Balczun announced the agreement will be signed in autumn, with construction of an electric car factory in Jaworzno beginning in spring 2027. The deal is to include technology transfer and development of Poland's semiconductor industry cluster.

Comments

No comments yet

📈
Treasury bond yields rising globally, Poland under pressure
📈 Business
📈 Business

Treasury bond yields rising globally, Poland under pressure

Treasury bond yields are reaching exceptionally high levels worldwide, raising borrowing costs for governments. Poland faces the same challenge — while Polish bond yields are lower than in Brazil, Mexico or South Africa, rating agency Moody's has already given Poland a "yellow card" that should not be dismissed lightly.

Comments

No comments yet

📈
Poland's mandatory contributions reach 663 billion zloty, over 38,500 zloty per worker
📈 Business
📈 Business

Poland's mandatory contributions reach 663 billion zloty, over 38,500 zloty per worker

Next year's total mandatory insurance and fund contributions are set to reach 663.3 billion zloty, averaging over 38,500 zloty annually per working Polish citizen. Economists point out that the complex and opaque fund system makes it difficult for people to assess how much they actually pay the state and how these funds are spent.

Comments

No comments yet

📈
US bond yields rise: historically signals financial crisis
📈 Business
📈 Business

US bond yields rise: historically signals financial crisis

The yield on 10-year US Treasury bonds has surged to levels unseen in years. Financial market historians warn that rapid interest rate increases have almost always preceded serious turbulence — "something always breaks". Analysts fear negative consequences for financial markets.

Comments

No comments yet

📈
Orlen begins gas extraction on Norwegian shelf: Idun Nord field
📈 Business
📈 Business

Orlen begins gas extraction on Norwegian shelf: Idun Nord field

Orlen has begun production from the Idun Nord field on the Norwegian continental shelf, where gas reserves are estimated at over 4 billion cubic meters. Two more locations are already in queue, aimed at strengthening Poland's energy security. This is another step by Orlen in expanding extraction operations beyond Poland's borders.

Comments

No comments yet

📈
Orlen files complaint over flawed contract risking $1.2 billion penalty
📈 Business
📈 Business

Orlen files complaint over flawed contract risking $1.2 billion penalty

Orlen confirmed it has filed a complaint with prosecutors over actions by the company's previous management. The issue concerns a long-term contract that Orlen considers flawed — failure to execute it could cost the group a $1.2 billion penalty. Energy Minister Miłosz Motyka commented on the matter.

Comments

No comments yet

📈
U.S. mortgage rates exceed 7% for first time in over a year
📈 Business
📈 Business

U.S. mortgage rates exceed 7% for first time in over a year

Interest rates on U.S. mortgages have risen above 7% — for the first time in over a year. Since the U.S. began military action against Iran, rates have increased by more than one percentage point.

Comments

No comments yet

📈
PGE begins building 900-million-zloty gas cogeneration plant in Kraków
📈 Business
📈 Business

PGE begins building 900-million-zloty gas cogeneration plant in Kraków

PGE Energia Ciepła laid a cornerstone on September 24 for a new gas cogeneration source at Kraków's heat and power plant. The nearly 900 million zloty investment will replace existing coal units, fitting into the transition away from coal. The project is being carried out by a company within the PGE Group.

Comments

No comments yet

📈
Germany surprises with growth, but economists warn of new risks
📈 Business
📈 Business

Germany surprises with growth, but economists warn of new risks

Leading German economic institutes significantly raised growth forecasts for Europe's largest economy, an unexpected positive development for Chancellor Friedrich Merz. The upturn provides temporary relief to a government facing numerous challenges. Economists warn, however, that serious threats on the horizon could slow growth.

Comments

No comments yet

📈
European gas prices exceed 326 PLN per MWh: more than double from a year ago
📈 Business
📈 Business

European gas prices exceed 326 PLN per MWh: more than double from a year ago

Gas prices in European contracts rose more than 3 percent in recent hours, reaching about 326 PLN per MWh. This is more than twice the price from a year ago. The increase is driven by lack of progress in negotiations between the US and Iran, stoking market fears about commodity supply.

Comments

No comments yet

📈
Oracle shares fall on force majeure clause report for data center
📈 Business
📈 Business

Oracle shares fall on force majeure clause report for data center

Oracle's share price fell after reports that the company sent a notice of force majeure to a contractor regarding the Jupiter data center project. Oracle wants to delay payments if the project does not go online as planned by 2028. The matter has sparked investor concerns about the company's ability to execute major infrastructure contracts.

Comments

No comments yet

📈
Polimex Mostostal to build halls for nuclear reactor for 292 million zloty
📈 Business
📈 Business

Polimex Mostostal to build halls for nuclear reactor for 292 million zloty

Polimex Mostostal signed a contract with Polish Nuclear Power Plants to build two halls for assembling reactor modules at a nuclear power plant. The contract is valued at approximately 292.2 million zloty net. The total value of contracts signed with Polish enterprises as part of the project has already exceeded 2.2 billion zloty.

Comments

No comments yet

📈
📈 Business
📈 Business

Poland's largest energy storage facility: 600 MW project in Zbuczyn, Mazovia

Construction began on a battery energy storage facility with a capacity of 600 MW and 2.4 GWh in Zbuczyn municipality in Mazovia — one of the largest such investments in Polish energy. Greenvolt Power, the investor, plans to launch the installation by the end of 2027.

Comments

No comments yet

📈
Finance Ministry wants cash registers to send data to tax office in real time
📈 Business
📈 Business

Finance Ministry wants cash registers to send data to tax office in real time

The Finance Ministry plans to implement an "e-VAT" system and National e-Cash Register (KeKR) that will enable automatic transmission of sales data to tax offices. The ministry acknowledges that the current process of replacing old cash registers with online ones is too slow. New regulations will force entrepreneurs to upgrade equipment faster.

Comments

No comments yet