europe
On 1 May 2004, the leaders of 10 acceding countries presented their flags to Pat Cox, the then European Parliament president. The EU grew from 15 to 25 with the inclusion of Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, and Slovenia. The bloc now includes 27 countries - Croatia was the most recent addition, joining in 2022. The UK chose to leave the group in June 2016. The 10 member states represented a 20 percent increase in population, and the EU territory increased by almost the same percentage. The total GDP grew by about nine percent, while the GDP ...
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The French government is looking to buy key parts of Atos to stop them falling into foreign hands, according to a report in the Financial Times. Atos has confirmed it has received a non-binding letter of intent to the company over the weekend, offering up to €1 billion for the assets that are considered to be strategically important to France. The divisions coming into those categories are: Atos's Advanced Computing, Mission-Critical Systems and Cyber Products. French army needs secure comms technologyThe French army uses Atos' super calculators for quantum computing in connection with its nuc...
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Presidential elections are being held on Wednesday in North Macedonia, a small Balkan country that has orbited the European Union for nearly two decades with little to show for its efforts to join the 27-nation bloc. A second round of voting is almost certain to follow on May 8 - coinciding with parliamentary elections - as no candidate is expected to exceed the 50% threshold required for outright victory. Seven candidates are running for the largely ceremonial position, with the brief campaigning period focusing on EU accession, the rule of law, fighting corruption and reducing poverty. The l...
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European private sector economic activity showed a strong rebound in April driven by strong demand in services. However, some inflationary pressures do not appear entirely vanquished, leaving uncertainty regarding the speed of returning to European Central Bank (ECB)'s 2% target. The flash Purchasing Managers' Index (PMI) surveys released by S&P Global on Tuesday continued to indicate robust growth in the services sector across major European economies, alongside persistent challenges in manufacturing activity. Featured below is a visual depiction of the latest trends in private sector activit...
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This Saturday is Record Store Day, the annual celebration of independent record stores who come together to curate exclusive releases to treat music fans the world over. Since the first edition in 2008, Record Store Day (RSD) has played a major role in reviving vinyl record sales, which were at an all-time low in the mid-aughts. Since then, sales have been at their highest level since 1988. It’s an essential day of the year for music lovers seeking to grow their ideal record collection, and the list of 2024 releases is as expansive as ever, with the reissuing of classics, one-off releases of r...
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As many as 2,000 Serbian soldiers are preparing for the final days of a major drill near the country's border with Kosovo. The drill, codenamed Vihor, comes after Serbian defence minister Miloš Vučević said Belgrade was ''not a punching bag" and that "no one will humiliate us''. Tensions in the Balkans have been high for some times, with the war in Ukraine exacerbating distrust and triggering a regional arms race. A new flashpoint came earlier this week when the Council of Europe recommended that Kosovo become a member. A full 131 members voted for Kosovo’s accession, with just 29 voting again...
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Investor sentiment about Europe's economic prospects has substantially improved, according to the latest Bank of America European Fund Manager Survey. The survey, which polled 260 managers with assets under management totalling $719 billion (€578 billion) between 5 April and 11 April, shows that half of respondents now anticipate a stronger European economy over the next year - a steep rise from 21% last month, marking the highest level of optimism since July 2021. However, 36% of the panel still foresee a slowdown, attributing it to the lingering effects of monetary tightening, though this fi...
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Spain’s coastguard has rescued more than 400 migrants travelling in seven boats and trying to reach Lanzarote, Fuerteventura, Gran Canaria and Tenerife. 52 women and 33 children were among those trying to reach Spain’s Canary Island group. The biggest number of arrivals was logged in Lanzarote, where 209 people of sub-Saharan and North African descent arrived. "The first boat arrived early today with 48 people on board and now three boats have arrived and have been picked up,” said Enrique Espinosa, the manager of Lanzarote’s Security and Emergency Consortium. More and more migrants are making...
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The defence sector has emerged as one of the best performers in the past two years, spurred by the Ukraine-Russia war. Notably, the European defence and aerospace stocks have been outpacing their US peers, with Germany's biggest arms manufacturer, Rheinmetall's shares soaring approximately 540% since February 2022. Other defence stocks such as the biggest British aerospace manufacturer, BAE Systems, and the French defence corporation, Safran, rose 114% and 176%, during the same period. However, the record run has taken a breather following a cautionary note from the investment bank Goldman Sac...
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Croatians are preparing to go to the polls next weekend for an early election vote that will decide whether they want the country to remain a pro-Ukraine and pro-West nation or put in office the centre-left party of President Zoran Milanović, known for his ties with Russia. The two main rivals in the 17 April election will be the governing Croatian Democratic Union (HDZ) and the Social Democratic Party (SPD). These elections could reflect on the results of the European Parliament elections in June and the presidential election, scheduled for December. Croatia's parliament was dissolved in Marc...
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