Now playing Next Economy Inflation rate in Hungary edges up slightly to 3.7% in April After 14 months of decline, the rate of inflation in Hungary rose again. 10/05/2024
Now playing Next Focus Uzbekistan’s Investment Renaissance: A Beacon for Global Business In recent years, Uzbekistan has experienced a surge in foreign investment, driven by extensive government reforms initiated in 2017. The 3rd Tashkent International Investment Forum showcased the country's appeal to investors, with participants from over 90 countries discussing business opportunities 10/05/2024
Now playing Next Business IAG profits soar in first quarter as tourists return to the skies A recovery in the business travel market and increased numbers of holidaymakers flying for winter breaks to the Caribbean all contributed to a major increase in profits. 10/05/2024
Now playing Next Green News Polish farmers stage sit-in at parliament as protests continue An influx of grain from Ukraine has compounded existing grievances against what farmers describe as punitive environmental regulations from Brussels. 10/05/2024
Now playing Next Business European companies in China struggling to make money as growth slows European companies in China are finding it harder to make money as growth slows and overcapacity pressures increase, according to a new survey by the EU Chamber of Commerce in China. 10/05/2024
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 Art 200 today: UK’s National Gallery kicks off bicentenary celebrations After two centuries exhibiting some of the world’s most prized artworks in London, the National Gallery has decided it’s time to get a bit more national. 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 Tech News TikTok begins labelling AI-generated content The Chinese social media company is trying to add safeguards to AI-generated content. 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 Europe Decoded Euroviews. Mitigating climate change is no longer enough. We need protection Climate change is not merely an environmental predicament — it is a matter of social justice. Our transition to a sustainable future can only succeed if it brings people hope for the future and leaves no one behind, MEPs Iratxe García Pérez and Mohammed Chahim write. 09/05/2024
Now playing Next Economy UK property listings soar - are buyers being put off by high rates? Buyers and renters alike have been plagued with higher living costs, interest rates and economic uncertainty in the last few months, leading to dampened demand in the UK housing market. 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 Business AstraZeneca stock up as it pulls Covid-19 vaccine from European market The pharma giant AstraZeneca has requested that the European authorisation for its Covid-19 vaccine be pulled, according to the EU medicines regulator. 09/05/2024
Now playing Next Europe News Era-defining elections loom as EU celebrates Europe Day As the bloc's institutions celebrate French Foreign Minister Robert Schuman's presentation of the eponymous declaration 74 years ago, MEPs air their concerns over the union's future political makeup one month before the June elections. 09/05/2024
Now playing Next Business Spanish government rejects BBVA bid to win over Sabadell shareholders The Spanish government has rejected an offer by Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) to Banco Sabadell SA shareholders, sparking renewed discussions on banking consolidation within Europe. 09/05/2024