The Eurozone, which consists of 20 member states of European Union that have adopted the Euro as their primary currency, has fallen into recession.
After defying predictions of recession multiple times, the eurozone economy finally slipped into a technical recession in the first quarter of 2023, new data from European statistics agency Eurostat showed…after downward revisions of growth in both the first quarter and the final quarter of 2022.
Eurostat had also revised down an earlier forecast that had predicted slight growth, after economic powerhouse Germany last month said it had fallen into recession.
The revision was principally due to a second estimate from Germany’s statistics office showing that the euro zone’s largest economy was in recession in early 2023.
This had been expected towards the end of last year as the euro zone wrestled with high energy and food prices and rising interest rates designed to curb inflation, but initial estimates had suggested the region had avoided this.
The White House said it was "deeply troubled" that parliament had passed the bill. The UK, Germany, Italy and France have also all urged Georgia to withdraw it.
Credit: euronews (in English) Duration: 02:25Published
The case involved Björn Höcke's use of "Everything for Germany!" in a 2021 speech. While prosecutors said he knew it was originally a Nazi slogan, Höcke claimed it was an "everyday saying".
Credit: euronews (in English) Duration: 01:30Published
Delve into the key insights from Union Home Minister Amit Shah's exclusive interview, where he addresses crucial topics such as the Uniform Civil Code (UCC), Lok Sabha elections, BJP's strategy in various states, and more. Gain valuable perspective on contemporary political issues shaping India's future.
#AmitShah #AmitShahInterview #AmitShahExclusive #AmitShahExclusiveInterview #LokSabhaElections2024 #Elections2024 #LSElections24 #BJPvsCongress #Oneindia
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Indian Prime Minister Narendra Modi files his nomination from Varanasi, Uttar Pradesh, ahead of the final round of the Lok Sabha elections on June 1. After a grand roadshow, Modi, accompanied by BJP leaders, performed the Ganga Aarti and prayed at the Kaal Bhairav Temple. Seeking a third term, Modi faces stiff competition in Varanasi, a BJP stronghold. The election outcome remains eagerly anticipated.
#PMModi #NarendraModi #Modi #ModiinVaranasi #Varanasi #Banaras #Modinews #BJPnews #Indianews #Politics #LokSabhaElections #Oneindia #OneindiaNews
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The United States has cautioned any country engaging in business dealings with Iran about the potential risks of sanctions, following reports of Iran and India signing a deal concerning the Chabahar port. State Department Deputy Spokesperson Vedant Patel emphasized that while the US is aware of the agreement, it maintains its stance on sanctions against Iran. Patel urged entities considering business deals with Iran to be mindful of the associated risks.
#UnitedStates #VedantPatel #ChabaharPort #USIndia #USIran #IranIndia #ChabaharportDeal #USSanctions #Biden #Worldnews #Oneindia #OneindiaNews
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India's External Affairs Minister, Dr. S Jaishankar, reaffirms India's claim over Pakistan-occupied Kashmir (PoK), emphasizing its integral status within India. Amid ongoing protests in the region, Jaishankar vows to end Pakistan's illegal occupation, sparking renewed tensions. Stay tuned for the latest developments.
#NewDelhi #PoK #PoKProtests #SJaishankar #JaishankaronPoK #PakistanOccupiedKashmir #IndiaPakistanTensions #NewDelhi #Oneindia
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In this video, we delve into the shocking proposal by a U.S. Senator to "drop a nuclear bomb" on Gaza following Biden's decision to halt weapon shipment. Join us as we analyze the implications of such a harrowing plan and its potential impact on the ongoing conflict. Stay informed with Oneindia.
#Israel #IsraelNuclearWar #IsraeliArms #IsraelHamasWar #IsraelPalestine #Palestine #BenjaminNetanyahu #LindseyGraham #IsraelSouthAfrica #Oneindia
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The next EU Commission will have to cope with a legacy of debt accummulated out of necessity by its predecessor in response to the Covid crisis and the Ukraine War. Instruments are in place to both control debt and invest in the future, but challenging times lie ahead.
Credit: euronews (in English) Duration: 00:56Published
The current EU Parliament and Commission had just begun the work of their five-year agenda when it was derailed by Covid-19 and then the Ukraine war. As the institutions' mandate enters a final phase, Real Economy gets the views of key players in Brussels on one of the EU's most difficult chapters.
Credit: euronews (in English) Duration: 08:00Published
On Monday, students and faculty members from multiple universities in the Netherlands protested, voicing their opposition to Israel's military operations in the Gaza Strip.
Credit: euronews (in English) Duration: 00:35Published
The leaders of Spain, Ireland, Slovenia and Malta have announced they stand ready to recognise the State of Palestine as the “only way to achieve peace and security” in the war-ridden region.
Credit: euronews (in English) Duration: 01:34Published
Lithuanians voted in a presidential election on Sunday at a time when Russian gains on the battlefield in Ukraine are fuelling greater fears about Moscow’s intentions, particularly in the strategically important Baltic region.
Credit: euronews (in English) Duration: 01:01Published
In defiance of Russia's nuclear threats, Lithuania remains steadfast in its commitment to dispatch soldiers for a training mission in Ukraine, as stated by Lithuanian Prime Minister Ingrida Simonyte in an interview with the Financial Times published on Wednesday. Simonyte's remarks come in the wake of the Russian Defense Ministry's declaration of preparations for tactical nuclear weapons exercises, citing Western "threats and provocations." Addressing concerns over potential Russian reactions, Simonyte emphasised that succumbing to such fears would paralyse action, highlighting the recurring spectre of nuclear threats. She reiterated Lithuania's resolve to support Ukraine with troops despite the risks.
#NATOMember #Lithuania #DefiesRussianThreats #TroopCommitment #UkraineMission #NATOvsRussia #NuclearTensions #SupportForUkraine #BalticSolidarity #GlobalSecurity #MilitaryAlliance #GeopoliticalConflict #EasternEurope #PeacekeepingEfforts #InternationalRelations
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New GDP figures showing a 0.2 per cent growth in the UK economy demonstrate an “underlying resilience”, according to Jeremy Hunt – though the chancellor warned the country still has a “big..
S&P Rallies , to Break Out of Bear Market , and Into Bull Territory.
On June 8, the S&P 500 rallied to reach
a bull market, surging 20% since hitting
a recent low in mid-October of 2022.
CNN..
Credit: Wibbitz Top Stories Duration: 01:31Published
The World Bank has recently released its Global Economic Prospects report. It has raised its 2023 global growth forecast as the US and other major economies have proven more resilient than its earlier..
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