Author: Euronews

A recent study reveals more than 11 million Britons have savings of less than £1,000. Euronews looks at the figures and takes a look at the situation across the rest of Europe. ADVERTISEMENTOne in three working-age adults in the UK have less than £1000 (€1175) in their savings account, according to new report from Resolution Foundation.This means that more than 11 million people may have difficulties facing unexpected “rainy day” moments, such as family crises or not being able to put enough money away for retirement.The cost of living crisis has left individuals with small amounts of savings having to borrow…

Disgruntled farmers have taken to the streets across the European Union. But how important is the agricultural sector to the bloc’s economy? Euronews takes a closer look. ADVERTISEMENTAmong their complaints, farmers decry the cost-of-living crisis, fuel taxes, environmental regulation, burdensome bureaucracy, unfair competition and free trade deals.The seemingly coordinated movement, which has already reached countries like Germany, France, Italy and Spain, has caught Brussels off guard and put the Green Deal under serious political pressure ahead of the next elections to the European Parliament.Ursula von der Leyen, the mastermind behind the Green Deal, has reacted by publicly singing odes to…

Shares in German travel giant TUI were trading up around 3% on Tuesday morning on the London Stock Exchange as the company updated investors on its latest financial results. ADVERTISEMENTThe favourable share price follows the company reporting its latest quarterly profit of €6 million on high travel demand, beating analyst estimates.Revenues also soared 15% year-on-year to €4.3bn, while winter and summer bookings were up 8% year on year.TUI also maintained its full-year forecast of a 10% increase in revenues and a 25% uplift in profits.In a statement, Sebastian Ebel, the chief executive of Tui, said: “People’s willingness to travel is still high,…

Eurozone banks have been pouring billions a year into a controversial EU fund designed to limit taxpayer bailouts – but it still might not be enough, a senior official said. ADVERTISEMENTA controversial EU bank crisis fund has reached its intended €78 billion capacity, meaning that lenders won’t need to pay in further annual contributions, a senior official announced today (13 February). The Single Resolution Fund is designed to avoid 2008-style taxpayer bailouts of the financial system – and eurozone banks have been collectively stumping up ten billion euros each year until it reaches a level equal to 1% of bank…

The question was at the centre of a recent survey and a significant number of European businesses are at odds with what employees want. ADVERTISEMENTRemote workers could face lower salaries at European companies, as firms are eyeing opportunities to increase production and lower costs, according to the finding of a new survey.Remote positions are quickly evaporating to be replaced by hybrid openings, while companies, including tech giants across the globe, are making headlines by ordering employees back to the office, in a reversal of a trend that many thought was here to stay.A recent study published by spend management platform…

Josep Borrell has sharply criticised the Biden administration for lamenting the growing death toll in Gaza while, at the same time, providing Israel with weapons to prop up its military campaign. ADVERTISEMENTSpeaking in Brussels on Monday, hours after Israeli forces bombarded the southern Gazan town of Rafah, the EU’s foreign policy chief called on Washington to stop pleading with Israel to cease the killing of civilians and to start “doing something” instead.”How many times have you heard the most prominent leaders and foreign ministers around the world saying: ‘Too many people are being killed’? President Biden said:  ‘This is (over)…

Germany’s office property market has seen a record drop in prices, coupled with disappointing returns for investors. ADVERTISEMENTGerman office properties have seen a significant slump in price alongside a sluggish increase in returns, according to new figures.Office property prices fell by 5.2% in the last quarter of 2023 – compared to the previous quarter – and 13.3% year-on-year, German banking association vdp said in a press release on Monday.The numbers mean that Germany’s office building market has seen its sharpest drop since 2004. The picture is less severe when looking at retail property prices, vdp said, which dropped by 9% year-on-year…

UNRWA chief Pierre Lazzarini said on Monday he had no intention of resigning and hoped the EU would continue to fund his agency, after allegations staff members were involved in the Hamas attack on Israel. ADVERTISEMENT”No, I have no intention to resign,” Lazzarini, who heads the UN agency for Palestinian refugees, told reporters in Brussels following a meeting of EU foreign ministers.Members of the Israeli government led by Benjamin Netanyahu have called on Lazzarini to step down after serious allegations against his staffers emerged.”We have one government calling for (my) resignation. We might have other voices, but I haven’t heard any other…

The US Food Allergy & Research Education (FARE) organisation called out the company for making fun of the potentially life-threatening condition. ADVERTISEMENTUber Eats was forced to make last-minute changes in its Super Bowl commercial which made fun of a peanut butter allergy, after facing a backlash from the food allergy community.  The issue came under the spotlight as the commercial, made specifically for the enormous sporting event, was about to be watched by more than 100 million people. The advertisement for the food delivery brand initially featured celebrities such as Jennifer Aniston, David and Victoria Beckhams, Usher and others, all forgetting something,…

UK employees can expect lower salary increases as employers reduce hiring plans for 2024, with a widening wage gap seen between private and public sector workers. ADVERTISEMENTEmployees in the UK may be looking at a drop in salary increases this year as employers cut back on their hiring plans, according to a new report from the Chartered Institute of Personnel and Development (CIPD).The findings come from a survey conducted last month, involving 2,006 employers and focusing on their approaches to pay, staffing levels, and job vacancies.After staying at 5% for some time, expected basic pay rises have dropped to 4%, marking…