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Italy

World's top economies endorse global corporate tax at G20 summit

The leaders of the world's major economies are gathered in Italy this weekend as Rome hosts its first G20 summit, with the global health crisis, economic recovery, and climate change at the top of this year's agenda.

Economy

Eurozone inflation hits 13-year high amid persistent energy crunch

Prices across the eurozone rose by 4.1% in October, up from 3.4% in September.

Work

Global recovery depends on equal access to vaccines, ILO says

For every 14 people fully vaccinated in the second quarter of 2021, one full-time equivalent job was added to the global labour market, substantially boosting the recovery.

Tech News

IMF reduces global growth forecast amid inflation and supply problems

In its latest World Economic Outlook, the IMF projects that global output will increase by 5.9% this year, compared with its projection in July of 6%.

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Travel News

The travel recovery has started, says Britain's Heathrow Airport

The UK's busiest airport says the industry is showing signs of recovery after a challenging 18 months.

Climate

European floods highlight 'gigantic task' in averting climate change

With over 180 people dead, what have the catastrophic floods in Germany and elsewhere in Europe showed us about climate change mitigation?

Europe News

Hungary left waiting as 12 EU states have COVID spending approved

A dozen EU countries have had their COVID recovery spending plans approved, paving the way for funds to arrive later this month.

Economy

Vaccines and lifting of restrictions speed up EU's economic recovery

Both the EU and the eurozone are set to expand by 4.8% in 2021, with 12 member states already offsetting all their economic losses this year.

Economy

'All 27 EU countries to fully recovery from COVID crisis in 18 months'

The European Commission President credits the vaccine roll-out and the €750-billion recovery fund as the key elements behind the recovery.

Europe News

Brussels wants member states to keep spending to maintain recovery

Brussels wants EU countries to keep investing and spending in order to maintain the recovery from the pandemic.

Europe News

After months of delay, EU nations finally ratify €750bn recovery fund

Austria and Poland were the last two countries to give the green light.

Economy

EU economy set to grow faster than expected thanks to vaccination

The European Commission estimates that this year the EU and the eurozone will grow by 4.2% and 4.3%, respectively.

Italy

How does Italy plan to spend its €222bn share of COVID recovery cash?

The country has the biggest share of the European Union's €750 billion pandemic recovery fund.

Europe News

'Time is of essence': Brussels urges countries to ratify recovery fund

Commissioner Johannes Hahn says the EU will be ready to raise money on the capital markets by June but cooperation from the 27 member states is required.

World News

EU needs 'holistic approach' to tackle racial discrimination

A number of anti-racism protests took place over the weekend to mark International Day for the Elimination of Racial Discrimination

Destinations

How has New Zealand harnessed the power of domestic travel?

After the country's borders closed, New Zealanders have been encouraged to explore all that Aotearoa has to offer.

Destinations

India launches new push for domestic travel to revive tourism

Fancy seeing the Taj Mahal? Thanks to the new Dekho Apna Desh initiative, the Indian government may reward you for it.

Economy

Economic forecast: Some EU countries will recover in 2021, others must wait until 2022

Commissioner Paolo Gentiloni warned that uncertainty remains high but that the vaccine roll-out and the EU's recovery fund could help accelerate growth in 2021.

USA

Biden warns of growing cost of delay on economic coronavirus aid plan

The newly inaugurated American president has had a hard time getting support for his $1.9 trillion (€1.6 trillion) COVID-19 relief plan from Republicans.

Green News

Young people call for more green jobs in the UK on Earth Overshoot Day

They performed in the shadow of the UK's first commercial wind farm.