Author: Euronews

The EU’s new directive aims to set an international level such as 60% of the gross median wage for the minimum wage. It also call for regular revisions to ensure pay levels remain up to date. ADVERTISEMENTA decent standard of living is crucial in a society. A key role for achieving this is to ensure statutory minimum wages are adequate. The proportion of workers earning just the minimum wage is higher than 10% in a number of countries across Europe. This year marks a significant step towards improving working and living conditions in the EU member states because the EU’s new…

Good looks can be their own kind of inherited asset, boosting income across the generations, a new study reveals. ADVERTISEMENTChildren of conventionally attractive parents earn more than those from more average-looking families, according to new research by the US-based National Bureau of Economic Research.The study, entitled: “The Economic Impact of Heritable Physical Traits: Hot Parents, Rich Kid?” examined prior datasets which tracked the attractiveness of parents and their children, as well as the children’s earnings. It looked at families in both the United States and China, as well as among billionaires worldwide.The attractiveness of parents and children was rated by…

Country of origin labelling for honey, fruit juices, and jams is the main outstanding issue to iron out in what is expected to be a quick deal on new EU marketing standards for foodstuffs commonly eaten at breakfast. ADVERTISEMENTThe first official round of talks between negotiators from the European Parliament and the EU Council to resolve differences over the revision of the so-called Breakfast Directives takes place this evening (30 January) amid expectations of swift success.After six preparatory meetings successfully conducted at a technical level, the signs suggest this first encounter will also be the last and that lawmakers will…

In this episode of Real Economy, Euronews Reporter Paul Hackett discovers how providing the homeless with housing as a starting point rather than an end goal, is transforming lives and fast becoming a long-term solution. According to national data, homelessness in Spain has increased by 25 per cent over the last decade. Such statistics have forced authorities and NGOs to come up with an alternative method for tackling homelessness.The solution proposed is surprisingly simple: give every person living on the street a home. First developed in the US, the initiative known as Housing First, is being adopted increasingly in Europe. Unlike traditional…

By Pascal Lamy, Andris Piebalgs, Heidemarie Wieczorek-Zeul, Neven Mimica, Charles Goerens The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. The money the EU invests in global challenges abroad is the tangible manifestation of our European values in action, reflecting the international commitments the union has made, Pascal Lamy, Andris Piebalgs, Heidemarie Wieczorek-Zeul, Neven Mimica and Charles Goerens write. ADVERTISEMENTIn too many places, in too many parts of the world, the prospect of the next generation having a better future than their parents did is being squeezed. Whether…

The quarterly financial reports from artificial intelligence heavyweights Microsoft, AMD and Google, released yesterday, delivered a mix of unexpected positive outcomes and disappointments. Source link

For the first time, the EU is using public hearings to decide where to locate an agency ADVERTISEMENTLawmakers today held landmark hearings to determine the site of the EU’s new anti-money laundering agency (AMLA) – probing issues from high politics to parking.There are nine candidates to host – and there are already signs of what lawmakers will take into account as they attempt to whittle that down to one, using an unprecedented decision-making process that sees MEPs given equal status with EU member states.Lawmakers Euronews talked to suggest connectivity and balance will play a key role in their decision, set…

A report marking the fourth anniversary of the UK leaving the European Union looks at which of the early Brexit predictions came true in the financial sector. ADVERTISEMENTFour years on from Brexit, the UK financial services sector has not been impacted as strongly as it might have been suggested previously. However, international trade relationships are yet to make up for the missing ones with the EU, according to a report by asset finance broker Anglo Scottish Finance.The UK left the European Union (EU) on 31 January 2020.One of the biggest fears was that the country’s financial sector, accounting for 12%…

Ukraine is staring down a massive hole in its state coffers, which only Western assistance can possibly plug. ADVERTISEMENTWith Russia continuing its all-out assault against the country, the government in Kyiv has devoted half of its 2024 expenses, worth €82 billion, to the defence sector. The wartime push, coupled with diminishing revenues from the battered economy, has left other budget priorities with little to no funding.That has made the country intrinsically dependent on financial assistance from foreign donors, chiefly the European Union, the United States and other G7 partners. Ukraine’s Finance Ministry estimates it will need $37.3 billion, or €34.45 billion, in external contributions…

Houthi attacks in the Red Sea have disturbed vital trade routes connecting Europe, the Middle East and Asia. Euronews Business spoke to Dr. Yousef M. Alshammari, Senior Research Fellow at Imperial College London, to explore the consequences for the European and global economy. ADVERTISEMENTThe Houthi, a rebel movement in Yemen, has been attacking merchant ships in the Red Sea for over two months now, impacting a crucial waterway that represents 12% of global trade traffic – and there’s concerns the growing tensions could impact the course of inflation as energy prices fluctuate.For the majority-Shiite Islamist group, the vow has been…