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Now playing Next Europe News EU-China talks fail to deliver breakthrough on electric cars dispute Brussels and Beijing have agreed to take a new look at price undertakings, which could avoid extra tariffs on China-made electric vehicles. 19/09/2024
Now playing Next Europe News Von der Leyen pledges Ukraine €160m in aid, energy support With 80% of thermal plants destroyed, Kyiv is facing a difficult winter – but some worry EU support means higher prices for Europeans. 19/09/2024
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Now playing Next Economy Bank of England keeps rates at 5%, propels pound to over 2-year highs The Bank of England held rates at 5%, as largely expected. The pound surged against the dollar and euro, while the FTSE 100 dipped slightly. European stocks rallied following the Federal Reserve's rate cut. 19/09/2024
Now playing Next Turkey Turkey wouldn't want BRICS if it was an EU member state — top diplomat Turkish Foreign Minister Hakan Fidan said on Wednesday Ankara was looking to diversify its options regarding global alliances, bringing up long-running ambitions for EU membership. 19/09/2024
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Now playing Next Markets What the Fed's jumbo rate cut means for European and global markets The Fed's substantial rate cut could result in a further loosening of global liquidity, prompting a shift in capital across asset classes and stock sectors. 19/09/2024
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Now playing Next Economy US Federal Reserve cuts benchmark interest rate by half-point The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for American consumers. 18/09/2024
Now playing Next Travel News Valencia to cut off electricity and water for illegal tourist lets Valencia, Budapest and Athens are all putting in place new legislation to tackle overtourism and illegal short-term accommodation. 18/09/2024
Now playing Next Economy Eurozone inflation figures see drop in August, towards ECB 2% target Services were the main reason for the boost but growth in inflation was at the slowest rate in three years and inching towards the ECB's target of 2%. 18/09/2024
Now playing Next Business Google wins legal bid to overturn antitrust fine in EU digital ad case The ruling can be appealed to the EU Court of Justice, the bloc's top court, but only on points of law. 18/09/2024
Now playing Next Culture news Affordable tickets and grassroots support at Coldplay's 2025 tour Local residents will get a hefty discount for the Hull dates of Coldplay's upcoming tour. 18/09/2024
Now playing Next Tech News Apple hit with €62 million EU class action for unfair charges on music Big Tech giant Apple was hit with a €1.8 billion European Commission fine in March for unfair pricing that allegedly locked out competitors. 18/09/2024
Now playing Next Economy US Federal Reserve set to cut interest rates for first time in 4 years The US Federal Reserve is set to cut interest rates for the first time in 4 years later today. 18/09/2024
Now playing Next Business Retailers take emergency action to avoid Christmas delivery nightmare Unprecedented early ordering is being driven by concerns that the global shipping industry could buckle under the strain of trying to fulfil mounting Christmas orders without using the important Red Sea trading routes. 18/09/2024