costofliving
2023 was a record breaking year for subscriber growth at Spotify but with sluggish economic growth and the cost of living crisis, how will the music streaming giant continue its solid growth trajectory whilst transitioning to a more efficient, more profitable company? Speaking at the 2024 Cannes Lions Festival of Creativity Gustav Gyllenhammar, Vice President of Subscriptions and Markets at Spotify said part of the answer lies in connecting with new global audiences - both from the artist and audience side - whilst continuously looking for ways to create value for existing subscribers through ...
Euronews (English)
Daily price comparisons across the UK shows that retailers have been slow to pass on savings to drivers. New research from the motoring group, the RAC shows that British drivers are now shelling out about 20p more per litre of diesel on average than their European Union counterparts. The average price for one litre of diesel in the UK currently stands at 152p, with the UK holding the top spot for diesel prices in Europe for seven weeks in a row. However drivers in Northern Ireland are relatively more sheltered from the price hikes, with diesel prices per litre being about 10p less than in the ...
Euronews (English)
Greek Prime Minister Kyriakos Mitsotakis tweaked his cabinet on Friday with a focus on cost-of-living and labour policies after his centre-right party's victory in European elections. Despite a recent dip in inflation, polls consistently show most Greeks’ top concern is the cost of living since the pandemic and Russia’s war on Ukraine contributed to rising prices in the southern European country. Takis Theodorikakos, 59, who previously held the interior and public order portfolios, will head the development ministry, which is largely responsible for supervising consumer prices. Mitsotakis' cen...
Euronews (English)
It's time for the 2024 European Championship. Football fans are gearing up for the excitement of the matches, and for many, this means enjoying a beer while watching their favourite teams compete. However, the cost of this experience will vary significantly depending on where fans are located or travelling to. Recent data reveals stark differences in the prices of domestic draft beer and the overall price level of alcoholic beverages across Europe, highlighting the varying costs fans can expect to encounter. According to Numbeo, a user-generated cost-of-living statistics website, the prices of...
Euronews (English)
UK kids are becoming financially smarter and more entrepreneurial, as they learn to rely less on pocket money from parents who, in turn, have been hit by the continuing rise in the cost of living. More children are turning to traditional income-generating schemes, such as babysitting and doing extra chores for grown ups, while others have come with sparkling alternatives, such as glitter tattoo-making. According to a survey of more than 300,000 children by the NatWest Rooster Pocket Money Index 2023/2024, earning, spending and saving behaviour among children is changing faster than ever. Child...
Euronews (English)
Governments have given the final rubber stamp to new rules on the functioning on the EU’s internal market for electricity, which aim to limit the dramatic price surges and windfall profits seen during the 2022 energy crisis. The pricing model used for spot sales of electricity meant power prices tracked the soaring cost of gas in the wake of Russia’s invasion of Ukraine, leading to high prices for end users and huge profits for electricity firms, especially for renewable wind, solar or hydro power where marginal costs are close to zero. Under a revised market regulation, the essential model re...
Euronews (English)
Japan once had a reputation for having a high cost of living. Previous surveys such as the one by global consulting firm Mercer, have shown that Tokyo has dropped ten spots. Currently, Tokyo holds 19th place, well behind Hong Kong (1), Singapore (2) and Shanghai (12) for the most expensive cities to live in. Despite the lower ranking, the question remains for people who want to move here: “Can I afford to live in Japan?” The answer is still “yes!” Here’s what you need to factor in to understand how much it costs to live in Japan. Calculating the Cost of Living in JapanThe cost of living measur...
GaijinPot
The Royal Institution of Chartered Surveyors (RICS)’ UK residential market survey for April 2024 was released on Thursday, highlighting that house prices were little changed last month, registering a drop of -5%. This figure, however, largely missed analyst expectations of -2%. Most parts of England, especially southern parts and London saw mainly flat or slightly lower house prices, however, Scotland and Northern Ireland registered gains. Overall, the outlook for the next three months dropped to -13%, however, the outlook for the next year was significantly more upbeat, with house prices in t...
Euronews (English)
Looking for summer holiday ideas that won’t break the bank? Southern Europe is where it’s at, according to a new report by travel search engine Kayak. Delving into average flight and hotel prices, it lists the 10 cheapest holiday destinations in Europe for Brits this year, with Spanish and Italian cities topping the list. It also reveals which flights have dropped in price the most versus last year, with travel to Türkiye down by as much as 16 per cent. Here’s everything you need to know about planning an affordable European break. Where are the cheapest destinations in Europe this summer?To r...
Euronews (English)
The brewing giant, Heineken, has announced that it plans to reopen about 62 of its Star Pubs and Bars arm which had been closed in the last few years. It's also planning a major refurbishment programme involving hundreds more of its venues. The total cost of the renovation project is expected to be around £39 million (€45.5 million) and will involve work on 612 pubs, while also creating more than a 1,000 jobs. This move comes as cost of living pressures have reduced in the UK and will focus on refreshing smaller and more suburban pubs, which may typically have seen less footfall before the pan...
Euronews (English)
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