Now playing Next Economy Can the US manage escalating debt without triggering a fiscal crisis? The US is grappling with record $34.5 trillion debt, triple the eurozone's, and set to hit 134% of GDP by 2029. Elevated deficits and skyrocketing interest payments may evoke fears of imminent fiscal crisis if countermeasures are not adopted. 25/04/2024
Now playing Next Art Lost portrait by Gustav Klimt sold for €30 million at auction The sale price for Klimt's painting was at the lower end of an expected range of €30 million - €50 million, and failed to reach the same heights as Klimt's final work "Dame mit Fächer", which broke the European auction record last year. 25/04/2024
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Now playing Next Austria Arrest warrant reveals Russian infiltration in Austria An arrest warrant for an Austrian suspect alleges that he handed over mobile data of former high-ranking officials to Russian intelligence. 09/04/2024
Now playing Next world news EU's most threatening criminal networks enter legal economy Crime webs are penetrating legitimate businesses across the 27-nation bloc, relying heavily on corruption to develop their activities. 05/04/2024
Now playing Next Art Art Paris 2024 puts the up-and-coming French scene in the spotlight For its 26th edition, Art Paris is leaning into its Frenchness and putting a spotlight on the diversity of the French art scene. The contemporary and modern art fair continues to give a platform to rising talents. 05/04/2024
Now playing Next USA US Coast Guard allows some barges and tugs to pass through the channel The owner and manager of the container ship that crashed into a supporting column one week ago are taking legal action to limit liability. 02/04/2024