Author: Euronews

What are the economic implications of heightened security expenditure in Europe? Euronews looks at both the advantages and drawbacks of bolstering defence budgets in the aftermath of the Ukrainian crisis. ADVERTISEMENTRussia’s invasion of Ukraine in 2022 sent shockwaves across Europe, prompting a reassessment of security priorities and defence strategies across the board. In response to the escalating tensions and evolving geopolitical landscape, most European nations have embarked on a path of increased defence spending and the EU is attempting to mount and facilitate a joint endeavour in order to solve the continental security dilemma.European countries cut spending as the threat of…

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Stabilising food inflation and falling house prices both contributed to UK inflation coming down further in March, leading to renewed hopes that the Bank of England might cut rates soon. ADVERTISEMENTThe UK year-on-year inflation report for March 2024 came out on Wednesday morning, clocking in at 3.2%, according to the Office for National Statistics (ONS), marking a decline from February’s 3.4%. However, it was still above analyst estimates of 3.1%, although the lowest number since September 2021.Food inflation slowing down was one of the biggest contributors to the decline, coming down to 4% from 5% in the previous month.Regarding food and…

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The European Union has strongly warned Georgia against passing a controversial “foreign influence” law. ADVERTISEMENTThe legislation would require media and non-profit organisations to register as “pursuing the interests of a foreign power” if they receive more than 20% of their funds from abroad, a provision that critics say would be exploited to target and muzzle independent voices.First proposed and later withdrawn last year by the ruling party, Georgian Dream, a nearly identical version of the law has been tabled again, prompting mass protests.Despite the growing contestation, the Georgian parliament advanced the law on Wednesday with 83 votes in favour and…

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