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Economy

How has wealth inequality changed across Europe since the 2008 crisis?

The change in wealth inequality across Europe between 2008 and 2023 has been mixed across countries. According to a UBS report, it has sharply increased in some places, while showing modest declines in others.

Economy

World Bank: Economy set for worst run since 2008 outside of recessions

The group has cut its growth forecasts in nearly 70% of all economies — across all regions and income groups.

Culture news

Tremor 2025: São Miguel's music festival with major cultural ambitions

São Miguel , the largest of the Azores island archipelago, is one of the poorest areas of the European Union. Cue the transformative power of music...

World News

Hungary's government launches war on drugs

Hungary already had one of the strictest drug laws in the EU, but now penalties are being further increased. While many people support the tougher regulations, research suggests that law enforcement alone is not enough to solve the problem.

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wellbeing

Why rich Americans only live as long as poor people in western Europe

The survival rate for wealthy Americans was on par with the poorest people in northern and western Europe, and with eastern Europeans overall.

United Kingdom

UK government defends cuts that 'could put 250,000 in poverty'

Chancellor Rachel Reeves, whose Labour Party has promised an end to austerity, unveiled billions of pounds of new cuts on Wednesday.

Europe in Motion

Winter poverty: These EU countries struggle the most to heat homes

Single parents and single women are the hardest-hit social groups across the European Union.

Economy

The world will have five trillionaires within a decade, predicts Oxfam

Billionaire wealth grew by $2tn in 2024, three times faster than the previous year, according to Oxfam's latest report on wealth.

Italy

Rome sets up two large tents to shelter the homeless this winter

Authorities in Rome have only erected two of the four large tents they'd promised to provide around 250 camp beds for the homeless this winter.

Europe News

Meals served at Christmas charity event in Budapest reach thousands

The Hungarian Krishna community delivered 2,500 hot meals and gift packages, offering warmth and hope to thousands, from the homeless to struggling families.

Hungary

Santa Claus arrives in Hungarian town in style - by helicopter

Children and their parents had gathered on the central beach by Lake Balaton, next to the Ferris wheel, and waited patiently for Santa Claus, who was met with great excitement upon his arrival.

Norway

Norway: Queues for Christmas aid reveal deepening poverty

Statistics show that food prices have risen by 33% over the last three years.

No Comment

Santa Claus for the poor in Argentina

Against a backdrop of growing poverty, a soup kitchen "Los Chicos de la Via" on the outskirts of Buenos Aires in Argentina is organising a special pre-Christmas party with Santa Claus and presents.

Spain

Spain unites in massive aid effort after devastating floods

As Valencia battles the aftermath of one of Spain's worst floods, young volunteers are using social media to organise aid, while food banks coordinate the distribution and collection of donations to support affected communities.

The Big Question

How will impact investing change the face of charitable finance?

Save The Children Global Ventures is aiming to raise $1bn in new forms of innovative funding for the charity’s mission by 2030. Here’s how.

Smart Regions

POWERTY: energising communities to combat poverty

In partnership with the European Commission

An EU-funded project is helping one of Spain's poorest neighbourhoods cope with energy costs and the endemic problems of poverty

EuroVerify

Is the UK’s child poverty rate 10 times that of the Nordic countries?

A widely-seen social media post claims that child poverty in the UK is significantly higher than in the Nordic countries. However, the numbers don't appear to tell the truth.

Economy

How the 'banker to the poor' revolutionised financial inclusion

Integrating the 1.4 billion people around the world with no access to a bank account into the financial system is a top priority for governments around the world. Euronews Business looks at the role microlending can play and the legacy of Muhammad Yunus.

Economy

Denmark raises aid pledge to World Bank's low-income countries fund

Denmark, one of 52 countries funding development projects through the World Bank's initiative, is urging other countries to join it in tackling the 'most pressing development and climate challenges' facing the world today.

Europe News

A new chapter: Irish government to subsidise school books

As cost-of-living pressures continue to pile up, the Irish government has an ambitious new strategy to ease the pains for parents of young learners: subsidise the cost of school books.

Poverty