costofliving
The preliminary estimates for the year-on-year German inflation report for June have been released, showing a slight drop to 2.2%, down from 2.4% in May, according to the Federal Statistical Office. This was also below analyst expectations of 2.3%. June's figure remained the same as for both March and April. The June drop was mainly supported by goods inflation falling to 0.8% in June, from 1% in May, as well as energy costs dropping to -2.1% in June, down from from -1.1% on the previous month. However, food inflation grew to 1.1% in June, from 0.6% in May, while services inflation stayed most...
Euronews (English)
Kensington and Bayswater is one of the wealthiest areas in the United Kingdom. But it’s also one of the most socially-divided. In the constituency’s south, upscale mansions line streets among the most prosperous in the world. Walk northwards, and these luxury homes butt up against crowded housing estates. This deep social divide often translates into razor-thin electoral margins. The seat - redrawn to include Bayswater as part of last year’s boundary review - was among the most marginal in the country in the 2019 general election, where the Conservatives edged ahead of Labour by just 150 votes...
Euronews (English)
There’s been a lot of talk about personalisation and hyper-personalisation at this year’s Cannes Lions Festival of Creativity. As well as the drive by advertisers to strike up much more focused and targeted relationships with potential customers, with digital growth raising the game. Looking through a ‘personal lens’“Over the last 15 years, we've commissioned research into what makes a brand really meaningful. “What we've seen in the data is that actually there's a big shift back towards a personal lens on everything,” Joanna Lawrence, Global Chief Strategy Officer at Havas Media Network, told...
Euronews (English)
The latest analysis, from the global advertising holding company Dentsu, pinpoints digital ad spend rising at 7.2%. “That means we’re going to see an increased amount of shift towards digital, which means digital is now 60% of the total advertising spend globally,” Will Swayne, Dentsu’s Global Practice President (Media), told Euronews Business, at the Cannes Lions Festival of Creativity. “Within digital, there are real-fast currents: connected TV, social continues to grow and retail media is really growing fast across Europe and still within the US marketplace.” Building back advertising volum...
Euronews (English)
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)
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