Author: Euronews

Support for unemployed individuals should be reformed to reduce the government deficit, according to France’s new PM. ADVERTISEMENTThe French government wants to boost workforce numbers by changing the way it financially supports unemployed individuals.This initiative, spearheaded by Prime Minister Gabriel Attal, comes after France gave a downbeat economic update last week.In 2023, France’s budget deficit widened to 5.5%, significantly overshooting the state’s target of 4.9%.Responding to the data, the government claimed it will not increase taxes, but it is instead looking for other means to plug the gap between spending and income.One of the hallmark’s of President Emmanuel Macron’s tenure…

The European Commission’s approval rating is deeply split in the EU and alarmingly low in a handful of member states, new polling shows, raising questions over Ursula von der Leyen’s bid for a second term at the executive’s helm. ADVERTISEMENTThe exclusive polling for Euronews by Ipsos reveals that a majority of voters (63%) either view the Commission’s work negatively or have no opinion, suggesting the EU executive is not cutting through to most Europeans.Of a sample of 26,000 EU citizens in 18 member states, 37% said they viewed the work of von der Leyen’s Commission positively, while 31% said they…

Eurostat data for March 2024 revealed a drop in annual consumer price inflation to 2.4%, below the expected 2.6% and hitting a four-month low. Market foresees four ECB rate cuts by end-2024, with the first expected in June. Source link

Gold prices have been boosted in the past few months due to increasingly sticky inflation in the US, as well as rising geopolitical uncertainties. ADVERTISEMENTGold prices soared to all-time highs of $2,266.6 (€2,107.9) per troy ounce on Tuesday, before settling lower at $2,257.8 per troy ounce near the end of the trading session. This was largely due to increased interest in momentum-following funds.Rising geopolitical uncertainties, especially following the recent Israeli attack on an Iranian embassy in Syria on 1 April, has resulted in investors flocking to the deemed safe haven asset.The precious metal also received a significant boost from major…

In early trade on Tuesday 2 April, the FTSE 100 index in the UK broke through the 8,000 level, setting a new record at 8,015.60. Source link

Prices increased more slowly than expected in March according to official figures, fuelling hopes for an ECB rate cut. ADVERTISEMENTGerman inflation eased in March to an annual rise of 2.3%, according to preliminary data released by the country’s official statistics office on Tuesday.This is down from February’s reading of 2.7%, showing that, while prices are still increasing, they are doing so at a slower pace.2.3% is the harmonised inflation rate which means that it is adapted for comparison with eurozone countries.Germany’s standard consumer price index (CPI) was up 2.2% this month compared with the same period a year earlier, and…

European citizens want the European Union to have a stronger role in international affairs but the goal is not considered a top priority. Source link

Higher mortgage costs in March slowed buyer demand in the UK housing market but annual growth is still on the rise. Source link

Geopolitical uncertainties and supply fears boosted oil prices to fresh five-month highs on Tuesday morning. Source link

As the cost of living keeps rising, investing and smarter money management is becoming increasing important. Women, too, need to learn money skills. Source link