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Now playing Next Economy Euroviews. Banking on fossil fuels: A one-way ticket to global economic meltdown With the future of our planet at stake, banks need to be ambitious and move beyond policies that only offer mere lip service instead of solutions that meet the sheer scale of the challenge. Failure to do so would be unconscionable, Zahra Hdidou writes. 10/05/2024
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
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Now playing Next Climate Less than 25% of the EU’s electricity came from fossil fuels in April The drop in fossil fuel generation was driven by wind and solar growth as well as the recovery of hydropower. 10/05/2024
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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
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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
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Now playing Next Green News Why is lithium crucial to the EU's green and digital transition? Lithium is one of the 34 critical raw materials listed by the EU under the Critical Raw Materials Act, and a key component in the EU’s quest to ditch fossil fuels and switch to clean energy. 09/05/2024