Author: Euronews

A delayed timeline for interest rate cuts has pushed up mortgage costs, holding back buyer demand. ADVERTISEMENTThe average price of a home in the UK fell by 1% from February to March, said Britain’s biggest mortgage lender, Halifax, on Friday.Last month’s drop, the first recorded since September, comes after a 0.3% rise seen in the month to February.March’s figure was up 0.3% year-on-year, much lower than the 1.45% annual rise expected by economists polled by Reuters.A typical UK home now costs £288,430 (€336,298), around £2,900 (€3,381) less than last month.”The housing market remains weak on the back of a prolonged…

Taiwan’s 3 April earthquake has led to increased calls for Europe to reduce dependence on Taiwanese semiconductor chips. Source link

Turkey’s March inflation figure came in lower than analyst estimates, but was still higher than February’s, because of higher transport and housing prices. ADVERTISEMENTTurkey is still grappling with stickier-than-anticipated inflation, with March 2024’s year-on-year inflation print coming in at 68.5%, according to the Turkish Statistical Institute. This was the highest reading since November 2022, although slightly less than analyst expectations of 69.10%. However, it was still more than February’s 67.07%.The increase in March’s inflation number was mainly due to transport inflation increasing to 79.92% from 77.98% in the previous month, as well as utilities and housing prices rising 51.17% from 49.07%…

AI and digitalisation are crucial for the necessary energy transition and to lower CO2 emissions, says the CEO of Schneider Electric, which is launching new solutions at its Innovation Summit in Paris. Source link

Volvo Cars saw robust sales in March 2024, boosted by the growing popularity of their fully electric and plug-in hybrid models. Source link

This state-of-the-art space is an ideal meeting point for scientists, students and entrepreneurs. From an old railway station to a hub of knowledge and science, Lisbon’s Técnico Innovation Centre is a multi-purpose event space, boasting a 24-hour study space, exhibition areas and conference rooms.”The old station was converted into an open forum for the city as well as those studying at the Instituto Superior Técnico and the University of Lisbon. We tried to maintain its image and combined new materials with efficient bioclimatic technologies,” Miguel Amado, a professor at the Instituto Superior Técnico (IST), told Euronews.The Arco do Cego station was first opened…

Individual savings accounts (ISAs) are some of the best and most efficient ways to save tax before the end of the financial year. ADVERTISEMENTThe end of the financial and tax year, 5 April, is upon us which means it’s also the deadline for using up your Individual Savings Account (ISA) allowance for this year. An ISA is a way of investing or saving funds without having to pay taxes on the interest, dividends or capital gains received on that amount. The total amount allowed is capped at £20,000 (€23,339.7) for the year.Currently, basic-rate taxpayers can take £1,000 (€1,1700) in tax-free interest…

Ukraine is the favourite candidate country to join the EU for European voters, an exclusive IPSOS/Euronews poll reveals but the bloc’s enlargement is not among citizens’ top priorities ahead of next June’s EU elections Source link

The Eurozone’s private sector growth surges to a ten-month peak, fueled by a robust services sector. Investor confidence remains high, yet further stock market gains depend on continued disinflation and potential ECB rate cuts, with escalating oil prices posing a threat to stability. ADVERTISEMENTThe Eurozone economy is witnessing an upswing, with the latest business surveys indicating the fastest expansion in private sector activity in the last ten months, primarily driven by the services sector’s robust growth.According to the latest Eurozone Composite PMI data, activity expanded to 50.3 in March, the most robust level observed since May 2023. This revision from…

The European Commission has launched two investigations into Chinese manufacturers of solar panels suspected of benefitting from “distortive” state subsidies and gaining an “unfair advantage.” ADVERTISEMENTThe probe, announced on Wednesday, involves a project in Romania to design, build and operate a photovoltaic park of 110 megawatts (MW), partially financed by EU funds.The Commission worries that two Chinese companies that submitted bids to take part in the construction are backed by excessive subsidies to help them defeat competitors and snatch the multi-million public contracts.The first firm is LONGi Solar Technologie GmbH, a newly established subsidiary of LONGi Green Energy Technology, a…