Author: Euronews

Analysis reveals huge disparities in labour income share in GDP among European countries. Falling shares are likely to raise income inequality. ADVERTISEMENTThe labour income share in Gross Domestic Product (GDP) presents a downward trend in Europe. This means that workers are getting a smaller slice of the cake. Falling labour shares are frequently associated with rises in income inequality as capital tends to be concentrated at the upper ends of income distribution.Defined by the International Labour Organisation (ILO), the labour income share in GDP is the ratio, in percentage, between total labour income and GDP, both provided in nominal terms.…

The European Union has doubled down on its criticism of the “foreign influence” law proposed by the Georgian government, which critics say will be exploited to silence independent voices. ADVERTISEMENT”I want to be clear: this bill voted in the parliament – this is not bringing Georgia closer to the EU. This is the opposite,” Charles Michel, the president of the European Council, told Euronews on Friday morning.”We are disappointed that this government made such a decision,” he added.Georgia was in December declared an official candidate to join the bloc, fulfilling the former Soviet republic’s long-running aspiration. The decision was “fundamental,”…

Rishi Sunak wants to strip family doctors of their power to sign people off work as part of a plan to tackle what he calls the UK “sick note” culture. His comments have sparked anger among unions and health charities. ADVERTISEMENTRich Sunak’s comments come as the percentage of employed working-age Britons is at its lowest point since 2015, reportedly due to a surge in people on long-term sick leave as well as an increase in the number of students. By comparison, other major wealthy nations have experienced a rise in employment since 2020.Now, PM Rishi Sunak has revealed plans to…

The European Union has moved to sanction a handful of Israeli settlers responsible for attacks on Palestinian communities in the West Bank and East Jerusalem, following months of deliberations. ADVERTISEMENTA political agreement on the move emerged among the bloc’s 27 member countries last month, but technical work has delayed its implementation, prompting many countries – such as France and Belgium – to unilaterally impose national sanctions. Some 490,000 Israelis live in settlements in the Israeli-occupied West Bank, which are considered a breach of international law. Attacks on Palestinians in the occupied territory have surged since the outbreak of the war between…

Bitcoin prices usually rise for several months following a halving event. However, this time, the market expects the halving to be different. Source link

The world’s shipping industry has called on the United Nations to provide military protection for vessels operating in the Middle East after the latest seizure of a container ship by Iran, although much commercial traffic between Asia and Europe has already been re-routed around Africa. ADVERTISEMENTThe seizure by Iranian forces of a Portuguese-flagged container ship as it left the Persian Gulf has prompted global shipping companies to demand the United Nations provide increased military protection, with shippers already having been forced to take lengthy detours to maintain European trade flows amid the intensifying conflict in the wider region. Iranian Revolutionary…

The German leader wrapped up a three-day visit to China this week, and trade was high on the agenda. Can the EU afford to be protectionist – and is cooperation on the cards? Source link

The world’s largest video streamer, Netflix, beat market expectations in its first-quarter earnings. However, the robust results failed to lift its share price due to weaker-than-expected guidance. ADVERTISEMENTNetflix (NDX: NFLX) reported first-quarter earnings that blew away analysts’ forecasts in all aspects. The positive earnings result did not bolster its share prices, however, due to disappointing guidance for the current quarter. Netflix’s shares fell more than 4% in after-hours trading at Nasdaq, indicating a lower open for the stock today.Netflix’s subscriber growth acceleratesThe company added 9.33 million users in the first quarter, bringing its total subscribers to 296.6 million, further solidifying…

Rumours have emerged online that the WEF’s executive chairman and founder, Klaus Schwab, has been hospitalised, arrested, and may even be dead. The Cube takes a look at where the false claims have come from. ADVERTISEMENTSocial media users have been claiming that the World Economic Forum (WEF) executive chairman and founder, Klaus Schwab, was recently admitted to hospital in a serious condition.A large number of posts on X spreading the rumours have been seen and shared thousands of times. Some of them link his supposed condition to a cardiac incident after running, while others even go as far as claiming he…

EU leaders gather in Brussels to discuss the ongoing challenge of creating a Capital Markets Union. Euronews Business explains the aims behind the plan. Source link