prices
The cost of a Schengen visa is going up this June, the European Commission has confirmed. It is increasing in price by 12 per cent. The basic fee for a Schengen visa is going to rise from €80 to €90 for adults and from €40 to €45 for children. The Commission has blamed the price hike on inflation in member states. It says fees are still “relatively low” compared to the cost of a visa in other countries. The UK, for example, starts at €134, the US around €185 and Australia €117. Schengen countries include EU member states except Ireland and Cyprus as well as Romania and Bulgaria for land border...
Euronews (English)
The cost of your next flight is likely to go up, according to industry experts. That's the word from the International Air Transport Association, which held its annual meeting on Monday in Dubai, home to long-haul carrier Emirates. While airlines continue to recover from worldwide groundings during the coronavirus pandemic, industry leaders told journalists that there are several costs likely to push ticket prices ever higher. Part of that comes from worldwide inflation, an ongoing problem since the pandemic started. Jet fuel costs, roughly a third of all airline expenses, remain high. Meanwhi...
Euronews (English)
In one year, the wholesale price of orange juice has risen by almost 77 per cent. Since February 2020, when the COVID pandemic struck, it has increased fivefold, according to AFP. Some 85 per cent of the world market is divided between Florida and São Paulo. Brazil exports 99 per cent of its production. Consequently, the United States and Brazil set the market price for this popular breakfast fruit. Problems with production affect stocks and prices in Europe for consumers and we end up with more expensive orange juice, supplied in smaller quantities. The futures contract for frozen concentrate...
Euronews (English)
Coffee prices hardly increased in the EU in March, they inched up by 1% on average, hitting a 32-month-low inflation rate for this category. This compares to the hair-raising pace of growth last March when the commodity jumped by 13.5% in yearly comparison. The inflation rate for coffee has been declining since October 2022, when it was at its highest, reaching 17.4%. Although the increase in coffee prices slowed down in the EU overall, there are significant differences across countries. The highest inflation rates were registered in Croatia where coffee cost 7.4% more than last March. This ra...
Euronews (English)
Improving competitiveness (better conditions for businesses), cutting bureaucracy, protecting jobs and supporting the green transition are just a few of the key pledges from the party groups ahead of the European Parliament elections taking place 6-9 June. Turning on the economic growth engine in the continent for the next five years appears to be a complicated task. The current output is little more than zero and the outlook for the next years appears to be stark, according to the IMF which states: "Europe's medium-term growth prospects have been declining for some time." The last five years ...
Euronews (English)
Electric cars will have to become cheaper in Europe, one of the key steps to avoid jeopardising the continent's 2050 climate goals, suggest the latest studies from the EU's external auditor. The European Court of Auditors (ECA) released an overview of its four recently published special reports, giving a stark warning to the EU about its current policies for decarbonising the transport sector (accounting for 25% of the overall CO2 emissions). To achieve net zero by 2050, the 27 member states have to significantly curtail carbon emissions from internal combustion engine (ICE) cars, find viable ...
Euronews (English)
Tesla is to cut the price of some of its cars in an effort to combat declining sales and growing competition. Prices will be reduced in Germany - Tesla's biggest European market - and elsewhere in Europe as well as the Middle East and Africa, the company has revealed. In Germany, the cost of the Model 3 rear wheel drive will fall from €42,990 to €40,990. The news comes after the world's largest EV maker cut around a third off the price of its "Full Self Driving" system - which is not a self-drive which means drivers must remain alert and be ready to intervene - to $8,000 (€7,505) from $12,000 ...
Euronews (English)
In March 2024, inflation in the euro area fell from 2.6% to 2.4%, as reported by Eurostat today, marking a four-month low and confirming preliminary data. The euro area comprises countries that use the euro as their national currency within the European Union. The main components contributing to inflation vary. In March, services saw the highest yearly increase, remaining at 4.0% compared to February. Following this, food, alcohol, and tobacco had a rate of 2.7%, down from 3.9% in the previous month. Non-energy industrial goods rose by 1.1%, a decrease from 1.6% in February, while energy price...
Euronews (English)
At approximately 9am local time on February 21, 1972, a Boeing 707 airplane dubbed Spirit of ‘76 landed in Shanghai’s Hongqiao airport. The airplane’s main door opened, and out walked US President Richard Nixon. The trip shocked the world. There had been no formal communication or diplomatic ties between the US and China for 25 years. And Nixon’s voyage not only normalized relations between the two countries, but it kickstarted decades of worldwide economic growth. Q4 2021 hedge fund letters, conferences and more Back then, the US was the richest and most powerful economy in the world. But as ...
ValueWalk
Washington (AFP) - President Joe Biden called on US regulators Wednesday to look into the causes of the nationwide spike in gasoline prices, which he said is hurting workers. The president last week made fighting inflation a top priority after data showed consumer prices hit a 30-year high in October, fueling a slump in his public approval. In a letter to the Federal Trade Commission (FTC), Biden took aim at oil companies he says are raising prices at the pump even as their expenses decline and profits soar. He instructed the agency to look into whether "illegal conduct" is behind the energy p...
AFP
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