Now playing Next Europe News From Ukraine to EU-UK ties: Big summit of European leaders kicks off European leaders gather during the European Political Community Summit at the iconic Blenheim Palace in Oxfordshire, with Ukraine and migration as top items on the agenda. 18/07/2024
Now playing Next Business Essilor Luxottica eyes up US youth via billion-dollar Supreme deal Franco-Italian eyewear giant is looking to attract the US's stylish youth market through a deal to buy "iconic brand" Supreme. 18/07/2024
Now playing Next Economy ECB’s Lagarde keeps September rate cut contingent on data The ECB left rates unchanged in July, maintaining a data-dependent approach, with September's rate cut still undecided. Lagarde noted high domestic price pressures still weighing on inflation and potential tariffs risks weighing on exports. 18/07/2024
Now playing Next Europe News Ursula von der Leyen is re-elected European Commission president The re-election was shrouded in uncertainty and rested on complicated arithmetic among the four centrist parties. 18/07/2024
Now playing Next Business French car maker Renault posts 1.9% rise in first-half sales volume The surge in sales was largely due to the strong performance of the company's hybrid models in Europe. 18/07/2024
Now playing Next Markets Pound, euro, and gold surge as US dollar weakens Both the euro and the British pound surged further against the US dollar, while gold prices hit a fresh high before pulling back on Wednesday. The dollar's weakness may continue to exert upside pressure on currencies and metal prices amid growing expectations of rate cuts by the Federal Reserve. 18/07/2024
Now playing Next Markets ASML shares plunge as geopolitics overshadow strong earnings The Dutch chip equipment maker, ASML, reported better-than-expected earnings for the second quarter. However, its shares plunged due to stricter US export curbs on exports to China. 18/07/2024
Now playing Next Europe News Von der Leyen's future faces crunch vote in the European Parliament The president of the European Commission needs an absolute majority of lawmakers to back her bid for a second term. 18/07/2024
Now playing Next Tech News King's Speech: AI overlooked in new UK government's plans Artificial intelligence was barely mentioned in King Charles III's speech as he outlined the legislative programme for the UK's new Labour government. 17/07/2024
Now playing Next Green News Children living in green neighbourhoods have better lung function Cities should be designed to incorporate lots of green space, the study recommends. 17/07/2024
Now playing Next Europe News UK Labour Party sets out plan for Britain in King's Speech In the introduction to the speech, Prime Minister Keir Starmer urged patience, warning against “the snake oil charm of populism.” 17/07/2024
Now playing Next The Exchange Healthcare’s AI and Robotics revolution In partnership with Media City The global healthcare sector is valued at $9 trillion, which is 11% of the world’s GDP. This mammoth market is being transformed by advances in both robotics and artificial intelligence. At the same time a range of new patient apps are empowering people to take control of their own health data. 17/07/2024
Now playing Next Netherlands Will Rutte's political savvy help him manage a growingly complex NATO? Former Dutch PM Mark Rutte will take over as secretary general of the alliance on 1 October. He will have to use his political survival skills as an astute negotiator to persuade members to spend more on defence and keep supporting Ukraine. 17/07/2024
Now playing Next Business Allianz plans majority stake in Singapore firm to widen Asia access German insurance giant Allianz offers $1.6 billion (€1.5 billion) for a minimum stake of 51% for Singapore’s Income Insurance Ltd. A deal would turn the business into the fourth-largest composite insurer in Asia. 17/07/2024
Now playing Next Economy Corporate distress levels up in Germany but down in UK and France Some of the most distressed sectors also continued to be retail, healthcare and property, especially burdened by the high cost of borrowing. 17/07/2024
Now playing Next Economy ECB meeting preview: No surprise cut in July, all eyes on September Following June’s rate cut, the ECB is expected to maintain rates steady at its July meeting, awaiting September economic projections. Divisions widen between hawk and dove members, while analysts anticipate two more cuts by year-end. 17/07/2024
Now playing Next Business Tiger Global set to take charge of Revolut's million-dollar share sale Revolut saw record profit before tax for the full year 2023, further cementing its position as Britain's most valuable fintech. 17/07/2024