Author: Euronews

The average UK citizen is £10,200 poorer than they were as a result of the “Great Recession”, says a new report by the Centre for Cities. ADVERTISEMENTHad the economy grown at its pre-2010 trajectory, people in the UK would be £10,200 (€11,928) wealthier on average, according to the Cities Outlook 2024.”The UK has had a torrid time,” said Andrew Carter, Chief Executive of the Centre for Cities.”Everywhere, up and down the country, including places that were doing relatively well before, has been levelled down because of the lack of growth.”A comparison of the UK’s 63 largest cities and towns shows…

Reliance on US tech to get into orbit is causing jitters, as the prospect of a second Trump presidency gets closer. ADVERTISEMENTThe EU has vowed to safeguard its access to space, as the failure of the landmark Ariane programme leaves the bloc reliant on US launchers.An “unprecedented crisis” required a “paradigm shift”, the European Commission’s Thierry Breton told a conference in Brussels today (23 January), after repeated delays to Ariane 6 put ambitions at risk.Launchers are required to get space projects into orbit – including the EU’s satellite navigation system Galileo, and environmental monitoring technology Copernicus.But last year the bloc…

Trump’s return to the White House after his decisive victory in the Iowa caucus could spell trouble for the European Union. ADVERTISEMENTA renewed trade war and lesser support for Ukraine are just some of the issues facing the EU if former President Donald Trump returns to the White House.Belgium’s Prime Minister Alexander De Croo – who has taken over the rotating presidency of the Council of the EU – warned in a speech to MEPs earlier this week the bloc could be bereft of one of his biggest allies this year should “America First” prevail again. But he said Europe should not fear…

A Russian court has ruled that Apple misused its dominant market position through the App Store, resulting in another fine for the tech giant. ADVERTISEMENTApple has paid a fine of RUB 1.18 billion (about €12.29 million) to Russia after a Moscow-based court found the US tech giant allegedly abused its dominant market position through the app store, Russia’s FAS antitrust agency said on Monday.This followed a November ruling that found Apple had prohibited app developers from informing customers about alternative payment options outside the App Store.The payment will go straight into the Russian budget, strengthening the Kremlin’s funds during a…

Austria, France and Italy pushed for putting lab-grown meat on the ‘menu’ of the next gathering of EU agriculture ministers, taking the helm of the 12-country coalition against this food technology. ADVERTISEMENTThe countries’ delegations have placed fake meat on the agenda of agriculture ministers meeting in Brussels next week (23 January), the first time the issue will be debated at this level, according to the latest version of the EU Council agenda.The term lab-grown meat – also known as artificial, cultivated or cell-based meat – refers to edible tissue gleaned from harvesting animal muscle cells which are nurtured in bioreactors…

Hopes for a cut in taxes as UK government borrowing in December shows a dramatic drop. ADVERTISEMENTThe UK government borrowed £7.8 billion (€9.1 billion) to cover spending costs in December, a fall of £8.4 billion (€9.8 billion) year-on-year and the lowest December figure since 2019.It is also substantially less than the £14 billion (€16.3 billion) borrowing total predicted by the UK’s fiscal watchdog, the Office for Budget Responsibility (OBR).Government savings on interest payments contributed to the surprise result, as payouts on state debt fell to £4 billion (€4.7 billion), helped by falling inflation.The government paid out a much larger sum of…

Foreign ministers of the European Union denounced on Monday morning the controversial remarks made by Israeli Prime Minister Benjamin Netanyahu rejecting Palestinian statehood. ADVERTISEMENTOver the weekend, Netanyahu doubled down on his opposition to establishing a Palestinian state after the war, defying the West’s push for a so-called two-state solution.The Israeli premier’s remarks were criticised by the bloc’s foreign ministers, who, upon arriving at a high-stakes meeting in Brussels, reiterated that the creation of a Palestinian state must be part of future peace negotiations.”Benjamin Netanyahu’s statements are worrying,” France’s foreign minister Stéphane Séjourné told reporters ahead of the meeting. “We need a Palestinian…

Carlsberg’s new CEO, Jacob Aarup-Andersen on how climate change may alter the flavour of your favourite beer and other challenges facing brewers. ADVERTISEMENTCarlsberg is one of the largest brewers in the world, selling more than 125.4 million hectolitres of beer in 2022. That’s more than 22 billion pints.The company own 140 brands and, despite their namesake beer being hugely popular, Tuborg is, in fact, its most successful global brand.However, with the climate crisis, the rising cost of living and alcohol-free lifestyles becoming more popular, is the beer industry in danger?In the latest episode of The Big Question, Hannah Brown spoke…

The European Commission has formally begun a three-month process to review the €76.5 billion of cohesion funds that Poland has been unable to access due to concerns over judicial independence. ADVERTISEMENTThe cash has always been a matter of top priority for Warsaw, one of the largest recipients of cohesion funds, which pay for development projects meant to modernise infrastructure and bridge the gap with richer member states.But the sweeping judicial reform introduced by the previous hard-right government of the Law and Justice (PiS) party, which empowered the disciplinary chamber of the Supreme Court to punish magistrates according to their rulings, led…

Following on from the recent rise in eurozone inflation, consumers say they are losing confidence in the EU economy, according to the latest consumer economic sentiment Indicator for January 2024. ADVERTISEMENTThe flash estimate of the consumer confidence indicator in the eurozone fell to -16.1 in January 2024, a fall of 0.9 on December’s figure. In the eurozone, the indicator measures how optimistic people feel about the economy, rating confidence on a scale from -100 to 100. The -100 figure indicates very low confidence, 0 is neutral, and 100 points to high confidence.The survey involves 23,000 households in the eurozone, with questions…