europe
After meetings in France and Serbia, Xi will travel to Hungary to meet with President Viktor Orbán and talk cars, among other economic issues. China regards Hungary as one of its closest European partners. Beijing has invested heavily in electric vehicle factories. In 2022, Chinese-made electric cars accounted for just under 4 percent of the European market, compared with just 1.4 percent in 2019. The spike prompted an investigation by the European Commission to find out whether Chinese state subsidies are artificially deflating prices to the detriment of European manufacturers. It has until J...
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The Eurovision Song Contest semi-finals are next week, before the Grand Final on Saturday 11 May. Putting aside all the controversy and security concerns, the Euronews Culture team have picked their hot favourites for glory. Theo Farrant’s top pick: Nemo – The Code (Switzerland)If I had to put my money on a Eurovision winner this year, it would be 'The Code' by Nemo, representing Switzerland. Why? Well, firstly, it's my favourite out of the bunch; an incredibly original and catchy song. Secondly, it's currently the bookies' number one darling. 'The Code' is pretty batshit. It mixes drum and ba...
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I’ve seen Picasso’s "Guernica". I’ve stood in front of Michelangelo’s David. I’ve found myself in a trance when faced with Francis Bacon’s “Study after Velázquez's Portrait of Pope Innocent X”. But I’d never seen anything quite like the immersive Klimt exhibition. I experienced it during a recent visit to Warsaw. After having sampled the many culinary joys of Poland’s capital (which are numerous and yummy), I ended up at the Klimt event after having been somewhat duped by guides and online reviews to visit the Soho Factory in the old post-industrial area in Praga – Warsaw's east riverside “alt...
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On 1 May 2004, the leaders of 10 acceding countries presented their flags to Pat Cox, the then European Parliament president. The EU grew from 15 to 25 with the inclusion of Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, and Slovenia. The bloc now includes 27 countries - Croatia was the most recent addition, joining in 2022. The UK chose to leave the group in June 2016. The 10 member states represented a 20 percent increase in population, and the EU territory increased by almost the same percentage. The total GDP grew by about nine percent, while the GDP ...
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The French government is looking to buy key parts of Atos to stop them falling into foreign hands, according to a report in the Financial Times. Atos has confirmed it has received a non-binding letter of intent to the company over the weekend, offering up to €1 billion for the assets that are considered to be strategically important to France. The divisions coming into those categories are: Atos's Advanced Computing, Mission-Critical Systems and Cyber Products. French army needs secure comms technologyThe French army uses Atos' super calculators for quantum computing in connection with its nuc...
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Presidential elections are being held on Wednesday in North Macedonia, a small Balkan country that has orbited the European Union for nearly two decades with little to show for its efforts to join the 27-nation bloc. A second round of voting is almost certain to follow on May 8 - coinciding with parliamentary elections - as no candidate is expected to exceed the 50% threshold required for outright victory. Seven candidates are running for the largely ceremonial position, with the brief campaigning period focusing on EU accession, the rule of law, fighting corruption and reducing poverty. The l...
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European private sector economic activity showed a strong rebound in April driven by strong demand in services. However, some inflationary pressures do not appear entirely vanquished, leaving uncertainty regarding the speed of returning to European Central Bank (ECB)'s 2% target. The flash Purchasing Managers' Index (PMI) surveys released by S&P Global on Tuesday continued to indicate robust growth in the services sector across major European economies, alongside persistent challenges in manufacturing activity. Featured below is a visual depiction of the latest trends in private sector activit...
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This Saturday is Record Store Day, the annual celebration of independent record stores who come together to curate exclusive releases to treat music fans the world over. Since the first edition in 2008, Record Store Day (RSD) has played a major role in reviving vinyl record sales, which were at an all-time low in the mid-aughts. Since then, sales have been at their highest level since 1988. It’s an essential day of the year for music lovers seeking to grow their ideal record collection, and the list of 2024 releases is as expansive as ever, with the reissuing of classics, one-off releases of r...
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As many as 2,000 Serbian soldiers are preparing for the final days of a major drill near the country's border with Kosovo. The drill, codenamed Vihor, comes after Serbian defence minister Miloš Vučević said Belgrade was ''not a punching bag" and that "no one will humiliate us''. Tensions in the Balkans have been high for some times, with the war in Ukraine exacerbating distrust and triggering a regional arms race. A new flashpoint came earlier this week when the Council of Europe recommended that Kosovo become a member. A full 131 members voted for Kosovo’s accession, with just 29 voting again...
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Investor sentiment about Europe's economic prospects has substantially improved, according to the latest Bank of America European Fund Manager Survey. The survey, which polled 260 managers with assets under management totalling $719 billion (€578 billion) between 5 April and 11 April, shows that half of respondents now anticipate a stronger European economy over the next year - a steep rise from 21% last month, marking the highest level of optimism since July 2021. However, 36% of the panel still foresee a slowdown, attributing it to the lingering effects of monetary tightening, though this fi...
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