Now playing Next United Kingdom New UK chancellor says mistakes were made and taxes could rise New Chancellor of the Exchequer Jeremy Hunt, a two-time Tory leadership candidate, said PM Liz Truss' government has to "show the world we have a plan that adds up financially." 15/10/2022
Now playing Next Money Is the global economy sliding into recession and what could it mean? Escalating inflation, the war in Ukraine and low consumer confidence are spelling headwinds for the global economy. 06/09/2022
Now playing Next Money What is shrinkflation, skimpflation and stagflation? As economic panic sets in, many are worried about inflation and especially stagnation and are fed up with skimpflation. But what do these terms mean? 26/08/2022
Now playing Next Economy Europe's energy crisis haunts the euro as it tumbles to 20-year low A new spike in energy prices has added to fears of recession, with manufacturing surveys due on Tuesday expected to highlight the damage done to activity. 23/08/2022
Now playing Next Affiliate content Can a career move help with the rising cost of living? PARTNER CONTENT PRESENTED BY JOBBIO With prices soaring, is now the time to switch jobs or even careers? 12/08/2022
Now playing Next United Kingdom Big interest rate hike in UK as Bank of England predicts recession The country's central bank also announced the biggest interest rate hike in over 27 years in an attempt to curb the economic fallout caused by the war in Ukraine. 04/08/2022
Now playing Next USA Biden: US economy 'on the right track' despite recession fears US president Joe Biden has said his country is "on the right track", despite its economy shrinking for the second quarter in a row. 28/07/2022
Now playing Next Money What’s a bear market and should we worry about another global crash? The US has fallen into a bear market thanks to the Ukraine war, supply-chain issues and a number of other factors. But what does this mean for investors? 17/06/2022
Now playing Next Work Is the party over for fast grocery delivery apps? The boom of fast grocery delivery services over the last few years seems to be running out of steam, with a raft of firms now cutting costs - and jobs. 09/06/2022
Now playing Next Tech News Swedish 'buy now, pay later' firm Klarna to lay off 10% of staff Klarna's CEO told staff in a pre-recorded video message: "What we are seeing now in the world is not temporary or short-lived, and hence we need to act". 24/05/2022
Now playing Next Economy Europe's economy bounces back from a double-dip recession EU countries emerged from a double-dip recession in the second quarter with a growth of 1.9% more than the quarter before, according to figures released by Eurostat 30/07/2021
Now playing Next Economy Europe’s economy slid back into recession as US roared ahead The European economy officially entered a double-dip recession in the first quarter of the year, as the continent paid the price for slow vaccine rollouts and extended lockdowns. 30/04/2021
Now playing Next World Spanish NGO eases poverty crisis by collecting millions of pesatas The crisis created by the coronavirus pandemic will push over a million people into poverty acording to Oxfam. In Spain, food banks are serving 40% more people than last year. Now a charity is converting million worth of Spain's former currency into food for those who need it the most. 23/11/2020
Now playing Next Lebanon Beirut blast: How Lebanon is facing crisis after crisis Before this week's devastating explosion, Lebanon's economy was predicted to shrink by 12 per cent this year and its currency had lost 80 per cent of its value since October. 07/08/2020
Now playing Next world news COVID-19: How the euro area recession will impact you Unemployment and incomes are expected to take a hit. They've barely recovered from the previous crisis. 09/07/2020
Now playing Next Green News ‘Time to finance nature’: Protecting the planet leads to economic gain A new study from the Campaign for Nature has found that wildlife conservation pays off for the global economy. 08/07/2020
Now playing Next world news COVID-19 recession: How the euro area will be affected To survive this crisis, the Eurogroup may have to throw away the old rule book. 25/06/2020
Now playing Next Germany Lufhansa's bailout: Majority shareholder gives green light It came before Lufthansa's shareholder annual meeting on Thursday. The German government is planning to take 20% of the company to save it from the coronavirus crisis. 25/06/2020
Now playing Next Green News Europe’s leading conservation zoo is “fighting for its future” The UK's Chester Zoo has gone from protecting animals around the world to now needing saving itself. 03/06/2020
Now playing Next United Kingdom Huge hangover as Europe's bars and breweries face battle for survival Little or no income, millions of pints thrown away and operating at reduced capacity when they do reopen. Will Europe's bars and pubs survive? 02/06/2020