Author: Euronews

As we enter 2024, Europe’s largest economy is expected to continue to deal with the fallout of its recent economic crisis. Euronews Business highlights five key challenges for the German economy in 2024. ADVERTISEMENTGermany is facing an uphill economic battle in 2024.Its GDP growth is expected to decline by 0.6% this year, with stagflationary pressures weighing heavy and the threat of a “slowcession” looming large, as indicated by falling manufacturing activity. The automobile industry, one of the jewels in the German industrial crown, is also poised to struggle, while budgetary constraints are expected to create further problems for households and consumers.Bad…

Some pro-Israeli social media accounts have been claiming the former official Palestinian flag used to contain the Star of David back in 1939. The Cube fact-checked these allegations. ADVERTISEMENTSince Hamas’s unprecedented attack on Israel on 7 October 2023, multiple pro-Israeli accounts have been claiming the old official Palestinian flag used to harbour a Star of David – a symbol of Judaism. The image of the flag is half white and half blue with the Star of David in its centre. Euronews found other poststhat claim this flag was supposedly from 1939 and was found in an edition of the French Larousse encyclopedia…

UK gross domestic product figures showed a rise in November, boosted by a strong month in services and production ADVERTISEMENTUK month-on-month gross domestic product (GDP) figures for November were given a boost to 0.3%, up from -0.3% in October. The rise was also above analyst estimates of 0.2% and was mainly due to the services sector, which rose by about 0.4%, up from -0.1% in October.Production output also inched up by 0.3%, up from -1.3% in the previous month, while the construction sector fell more slowly, at -0.2%, instead of -0.4% in October.Year-on-year GDP numbers came in at 0.2%, matching…

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. With a prudent approach and a dose of humility, Global Gateway may achieve for the EU what the BRI has yet to achieve for China — lasting influence at an acceptable cost, Rémi Meehan and Earl Wang write. ADVERTISEMENTScepticism of the European Union’s ability to execute big ideas is almost a cliché in foreign policy circles. Perhaps this is why media and talking heads have mostly dismissed or ignored Global Gateway, the EU’s ambitious €300 billion development financing…

Tesco has increased its profit guidance following better-than-expected Christmas sales due to exceptionally strong fresh food sale volumes. ADVERTISEMENTThe news came as Tesco released its Q3 and Christmas trading statement on Thursday. The period covers the 13 weeks to 25 November, while Christmas sales refer to the six weeks up to 6 January 2024.The UK supermarket chain reported strong Christmas sales, following price cuts on almost 2,700 products. This was primarily due to exceptionally robust fresh food sales, which saw particularly strong volumes.The company also offered promotions and guarantees such as Low Everyday Prices, Aldi Price Match and Clubcard Prices.Christmas sales…

On social media, calls have been increasing to stop buying goods and services from Israel. But are they based on facts? ADVERTISEMENTMultiple social media posts claim to show how to identify products coming from Israel.These posts explain that if the barcode starts with the number 729, 841, or 871, these products have been manufactured in Israel.Many of these posts ask their followers to avoid buying any of these items to show support for Palestine.Another campaign on the social media platforms TikTok and also X, claims the boycott of products starting with the number 729 has caused Israel to change its…

Tech giants have been increasingly laying off their employees, reaching a peak in January of last year. With Google now announcing hundreds of job cuts, what is the tech market outlook for 2024? ADVERTISEMENTGoogle has laid off hundreds of employees in hardware, voice assistance, and engineering as it continues to cut costs.”Throughout second-half of 2023, a number of our teams made changes to become more efficient and work better, and to align their resources to their biggest product priorities,” a spokesperson for Google told Reuters in a statement.”Some teams are continuing to make these kinds of organisational changes, which include some role eliminations…

Taylor Swift might be spared of a cruel summer after all: the European Commission is planning to enlist the help of other music artists to mobilise young voters ahead of this year’s EU elections. ADVERTISEMENTRosalía, Måneskin, Angèle and Stromae are at the top of the wish-list of names that Brussels intends to contact in the upcoming days, Euronews has exclusively learned.Other music artists, as well as athletes and football players deemed to have sufficient popular appeal, will also be approached through their media representatives, said an EU official with knowledge of the process.The selection of Europe-born celebrities will attempt to have a geographical balance…

London Mayor Sadiq Khan calls on the UK government to “urgently build a closer relationship with the EU” after a new report reveals how much the UK economy is losing after leaving the EU. ADVERTISEMENTBritain’s departure from the European Union has cost its economy some £140 billion (€162.87 billion) so far, with an economic output of 6% less than if the UK had remained in the EU, according to a report by Cambridge Econometrics.The report was commissioned for City Hall by London’s mayor, Sadiq Khan, a member of the opposition Labour Party which voted against Brexit in 2016.In a keynote address to London’s political…

The first hearing in a landmark lawsuit against Israel enters its second day on Friday at the Hague-based International Court of Justice (ICJ). ADVERTISEMENTThe case, filed to the top UN court by South Africa last month, claims Israel’s siege of Gaza amounts to genocide and breaches the post-Holocaust 1948 Genocide Convention.The Convention gives party countries, which include both Israel and South Africa, the collective right to prevent and stop crimes of genocide. Such crimes are defined as acts “committed with intent to destroy, in whole or in part, a national, ethnic, racial or religious group.”The high-stakes legal battle marks the…