Author: Euronews

ADVERTISEMENTWith the war in Ukraine entering a new phase, the number of Ukrainians heading to Europe to seek asylum appears to be in decline.Currently, the EU hosts over 4.3 million Ukrainian refugees, with 254,000 others in the UK alone, and tens of thousands more across other extra-EU countries.February saw the lowest number of new asylum decisions (41,435) made by the EU since the beginning of the full-scale invasion, according to Eurostat, a 25% drop since February 2024.Germany has the highest share of Ukrainian refugees, nearly 1.8 million, or 27.3% of the bloc’s total. Two weeks ago, Berlin became the latest…

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ADVERTISEMENTEconomic momentum in the eurozone stalled in April, as recent trade tensions battered the services sector, undermining fragile optimism for the bloc’s recovery path.The eurozone’s Composite Purchasing Managers’ Index (PMI), a closely watched gauge of private sector health, dipped to 50.1 in April from 50.9 in March, falling short of consensus expectations of 50.3.The figure, barely above the 50.0 threshold that separates growth from contraction, suggests stagnation across the bloc’s economy as the second quarter began.April’s performance marked a divergence between a mildly resurgent manufacturing sector and a services sector that slid into contraction. The flash Services PMI fell from…

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ADVERTISEMENTDonald Trump has stepped up his attacks on US Federal Reserve Chair Jerome Powell, while the Supreme Court is simultaneously considering a case that could make it easier for the president to fire him.It comes after Trump suggested on Thursday that he has the power to remove Powell and criticised him for not aggressively cutting interest rates.“If I want him out, he’ll be out of there real fast, believe me,” Trump said. “I’m not happy with him.”In a post on his social media platform, Truth Social, on Monday, Trump called Powell “a major loser” and said that energy and grocery…

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ADVERTISEMENTThe papal conclave will begin 15-20 days after the death of pope Francis. The closed-door assembly of the College of Cardinals – limited to 120 electors under current regulations – will be locked inside the Sistine Chapel, and start proceedings with a mass.In the afternoon a first ballot will be held. After each round, the ballots are burned. Black smoke signals an inconclusive vote; white smoke announces to the world that a new Pope has been chosen.Conclaves can last as little as one day but they have been known to go on for years too: here are a few of the historical outliers:The…

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ADVERTISEMENTIt will be a shortened trading week for financial markets due to Easter holidays in Europe and the United States. While risk-aversion sentiment may continue to influence global market movements, key economic data, including manufacturing and services Purchasing Managers’ Indices (PMIs), and major corporate earnings are expected to play a critical role in shaping future market trends.S&P Global is scheduled to release its flash manufacturing and services PMIs for April across major economies on Wednesday. These indices measure business activity based on new orders, employment, and confidence. A reading above 50 indicates expansion, while a figure below 50 signals contraction.EuropeIn…

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ADVERTISEMENTIn early 2006, I fell in love with watching videos of strangers. Sometimes it was middle-aged women discussing recipes and tattoos; other times a goth sharing their collection of dragon incense holders. These grainy windows into ordinary people’s lives were captivating in their mundanity — something real to hold beyond a small teenage existence.This was the advent of YouTube, the video platform that would go on to revolutionise the way we create, consume and connect with content. The very first video was uploaded nearly twenty years ago, on 23 April 2005: a 19-second clip of co-founder Jawed Karim at the…

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