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.
A far-right German politician will continue to run in the upcoming European parliamentary elections despite allegations that his advisor was spying for China. Sky News
Rishi Sunak and German Chancellor Olaf Scholz held a joint press conference. Speaking today in Berlin, the prime minister confirmed the reduction in civil service headcount to pre-pandemic levels would partly fund the defence spending uplift. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rishi Sunak visits Germany, the day after announcing in Poland that the UK will spend 2.5% of GDP on defence by 2030. The prime minister is welcomed with military honours by Chancellor Olaf Scholz in the country's capital. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Catch the latest updates from Phase 2 of the elections, including voter turnout in Jammu & Kashmir, PM Modi's remarks on the Supreme Court judgment, the tragic incidents at Kerala booths, and more. Stay informed with Oneindia.
#OneindiaPollPulse #LokSabhaElections #Phase2 #ElectionPhase2 #LokSabhElections2ndPhase #RahulGandhiAmethi #PriyankaGandhi #JammuVotes #KeralaBoothCollapse #KarnatakaForestTheme #Oneindia
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Heavy rainstorms have devastated southern China, claiming lives and causing widespread damage. Rescue efforts are ongoing, with 10 people still missing. Chen Min, vice minister of water resources, has urged stronger flood control measures. Footage shows dramatic scenes of cars being swept away and rescuers evacuating residents. The Central Meteorological Observatory has issued rainstorm warnings, forecasting continued heavy rainfall. Neighboring Jiangxi province is also grappling with floods and crop damage.
#chinarains #chinarainnewstoday #chinafloodslatestnewstoday #chinafloodslatestnewstodaylive #chinafloods #chinafloods2024 #chinafloodsvideo #Oneinda #Oneindia news
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The second phase of voting across 88 seats in India is underway amid heightened anticipation, while the Supreme Court has decisively settled the debate on reverting to paper ballot elections. Dismissing petitions for complete cross-verification of votes using EVMs and VVPATs, the court emphasized maintaining trust in the electoral process.
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Tragedy strikes as an Indian-origin man is fatally shot by US police in San Antonio, Texas. The man, wanted for assaulting his roommate, faces a fatal encounter with law enforcement. Join us as we delve into the details of this heartbreaking incident and the questions surrounding the use of force by police.
#IndianOriginMan #USNews #IndianAmericans #IndiaUSTies #IndiaUSRelations #USPolice #USPolice #SanAntonio #EncounterinUSA #Oneindia
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As China strengthens trade and military ties with Russia amidst Western sanctions, NATO issues a stern warning, urging Beijing to halt its support for Russia's actions in Ukraine if it desires positive relations with the West. Explore the implications of this diplomatic standoff and the escalating tensions in this crucial geopolitical landscape.
#RussiaUkraineWar #RussiaChinaRelations #ChinaRussia #RussianStrikes #UkrainianStrikes #RussiaAttacksUkraine #UkraineAttacksRussia #FrontlineRegions #Oneindia
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Just hours after Macron's Europe speech, the head of the French far-right party Jordan Bardella called for a last-minute press conference on Thursday in Paris, unveiling his campaign for the European elections… but refused to answer questions.
Credit: euronews (in English) Duration: 02:22Published
The European Commission has launched a probe to examine how China favours its domestic companies in tenders for medical devices and weigh possible tit-for-tat measures.
Credit: euronews (in English) Duration: 01:49Published
Scotland are not going to the Euros as "tourists", says Steve Clarke as the manager discusses his move into coaching, the hurt of missing the World Cup and.. BBC Sport
A soccer final in the Netherlands was a real barn burner ... quite literally 'cause a fire broke out behind one of the goals throwing the match into chaos... TMZ.com
Everyone being held hostage in a town in central Netherlands is now free and a suspect is in custody, Dutch police said Saturday, after an ordeal that lasted several hours. "The last hostage has just been released. One person has been arrested. We cannot share more information at this time," announced police on X, formerly Twitter. Police in central Netherlands reported that on March 30, several individuals were taken hostage in a town, prompting evacuations of nearby residences and the closure of the town centre. Authorities earlier stated that, at present, there is no indication of a "terrorist motive" behind the incident in Ede.
#NetherlandsHostage #EdeTown #HostageCrisis #HostagesFreed #SuspectArrested #NetherlandsSafety #EdeIncident #EmergencyResponse #CommunitySafety #PoliceOperation
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These Are the Happiest Countries , on Earth in 2024.
The World Happiness Report
was released on March 20.
It was compiled using global survey data based on life evaluations from 2021 to 2023.
Six key variables were considered:
"GDP per capita, social support, healthy life expectancy, freedom, generosity and
perceptions of corruption," CNN reports. .
The 10 happiest countries in the world are:.
Australia.
Switzerland.
Luxembourg.
Norway.
Netherlands.
Israel.
Sweden.
Iceland.
Denmark.
Finland.
The United States dropped to No. 23.
The lowest-ranked countries for
happiness are Congo, Sierra Leone,
Lesotho, Lebanon and Afghanistan. .
The lowest-ranked countries for
happiness are Congo, Sierra Leone,
Lesotho, Lebanon and Afghanistan. .
The lowest-ranked countries for
happiness are Congo, Sierra Leone,
Lesotho, Lebanon and Afghanistan. .
The lowest-ranked countries for
happiness are Congo, Sierra Leone,
Lesotho, Lebanon and Afghanistan. .
The lowest-ranked countries for
happiness are Congo, Sierra Leone,
Lesotho, Lebanon and Afghanistan.
Credit: Wibbitz Top Stories Duration: 01:30Published
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
Leonid Volkov, chief of staff to the late Russian opposition leader Aleksei Navalny, was attacked outside his Vilnius home. Assailants sprayed tear gas, shattered his car window, and beat him with a hammer. Volkov survived with injuries. The attack raises concerns about the safety of Navalny's associates and dissenting voices in Russia. Authorities are investigating the incident.
#LeonidVolkov #AlexeiNavalny #Russia #Lithuania #Vilinius #RussiaPresident #VladimirPutin #Russianews #Worldnews #Oneindia #Oneindianews
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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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