Now playing Next Economy Experts call for restrained spending as global debt hits record high Debt in emerging markets such as India and China and stubborn inflation in the US is putting pressure on funding costs. 10/05/2024
Now playing Next Markets Weekly markets round-up: Optimism high on interest rate cut hopes Major European indices have notched up all-time highs, with the FTSE 100 reaching a fresh record following signals from the Bank of England (BoE) indicating an impending rate cut. 10/05/2024
Now playing Next Lifestyle A guide to the Cultural Olympiad and what to expect for Paris 2024 The Cultural Olympiad has a history spanning over a century. But what exactly is it, where did it originate, and how has it evolved? 10/05/2024
Now playing Next Europe News Is China using Hungary as its bridgehead in Europe? The primary purpose of Xi Jinping's three-day visit to Hungary might be to ensure that Hungary can help China gain market share in the EU, as Beijing and Budapest prepare to sign a total of 16 bilateral agreements. 09/05/2024
Now playing Next Destinations Europe’s off-the-beaten-track highlights according to travellers You might not get to see iconic landmarks or eat in raved-about restaurants, but you’ll find space, peace and a few surprises. 09/05/2024
Now playing Next Culture news Ibiza's legendary club Amnesia set to celebrate opening of 2024 season The 2024 season in Ibiza is about to kick off and if the strength of the opening parties is anything to go by, it’s going to be another bumper year on the island. 09/05/2024
Now playing Next Economy BoE holds rates steady, sees inflation below target in two years The Bank of England maintained interest rates at 5.25%, in a split decision with two members dissenting. Governor Andrew Bailey indicated it's premature to reduce rates. New forecasts project that price pressures will fall below the target within two years. 09/05/2024
Now playing Next Economy Poland keeps rates unchanged despite softening economy Despite a fall in inflation, Poland's central bank governor remains concerned it could reignite because of higher food taxes and the potential removal of energy price limits. 09/05/2024
Now playing Next Europe News North Macedonia elects first woman president as centre-left crumbles On Wednesday, North Macedonia saw a significant political shift to the nationalist right-wing amidst historic losses for the governing SDSM in presidential and parliamentary contests. 09/05/2024
Now playing Next Europe News Chinese President Xi Jinping visits Hungary on European tour China's leader is anticipated to solidify several agreements with Hungarian Prime Minister Viktor Orbán, further cementing Beijing's economic presence in the region. 09/05/2024
Now playing Next Green News EU Policy. Why is lithium crucial to the EU's green and digital transition? Lithium is one of the 34 critical raw materials listed by the EU under the Critical Raw Materials Act, and a key component in the EU’s quest to ditch fossil fuels and switch to clean energy. 09/05/2024
Now playing Next Economy What are European businesses expecting from the EU elections? EU businesses have many demands for the new government. Most of all, they want a powerful and resolute message: Europe is open for business and its brightest days are yet to come. 09/05/2024
Now playing Next This will impact your life What is Europe Day and what does it represent? The origins of the commemorative day date back to 1950, when Europe was still healing from the devastating aftermath of World War II. 09/05/2024
Now playing Next Money FTX to return money to most customers nearly 2 years after collapse Collapsed crypto exchange FTX said it will return money to most customers less than two years after its catastrophic implosion. 08/05/2024
Now playing Next Hungary Euroviews. It’s time to take a step back from the brink of a divided world We think that our vision of connectivity is essential for Europe’s ability to become strong again — and that cooler heads will soon have a chance to prevail. During our presidency, we intend to show how, Balázs Orbán writes. 08/05/2024
Now playing Next Business Migration to UK has failed to boost economic growth, warns report According to a new study from the Centre for Policy Studies, migration to the UK is putting pressure on housing, public services and infrastructure. However, other countries take a different stance, with some viewing migration as beneficial for their economies. 08/05/2024
Now playing Next Europe News EU Policy. Brussels agrees to send €3bn from frozen Russian assets to aid Ukraine Diplomats agreed the controversial plans at a meeting on Wednesday – but some say they don’t go far enough. 08/05/2024