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15:19:17 05/24/12
UK economy in worse state than feared
[LESS INFO] 1 VIEWS | ADDED 15:19:17 05/24/12
UK economy in worse state than feared
www.euronews.com Britain fell deeper into recession than initially thought in the first quarter of this year due to a slump in construction output. Revised figures show the economy shrank by 0.3 percent between January and March, worse than an initial estimate of a 0.2 percent decline. That makes it more likely the UK central bank will pump additional stimulus money into the economy to protect it from the eurozone debt crisis. Britain is in its second recession since the 2007-2008 financial crisis, and the prospects for a recovery are overshadowed by the eurozone debt problems. The bloc is Britain's biggest trading partner. The Office for National Statistics said the downward revision to the Q1 data was the result of a sharp drop in construction output, which fell by 4.8 percent on the quarter, its steepest decline since the first quarter of 2009. Household spending, meanwhile, rose by only 0.1 percent, its smallest rise in six months, suggesting that a consumer-led recovery is not likely. The figures showed that exports also suffered. The trade deficit increased to 4.4 billion pounds (5.5 billion euros), with net trade shaving off 0.1 percentage point from GDP. But separate preliminary data showed business investment posted its biggest quarterly rise in almost a year, and its largest annual increase in almost seven years. Find us on: Youtube bit.ly Facebook www.facebook.com Twitter twitter.com From: Euronews Views: 66 6 ratings Time: 00:26 More in News & Politics
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11:24:13 05/24/12
Unveiling Venus
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Unveiling Venus
www.euronews.com It can be called the morning or evening star, depending on where you are or what time it is, but it is anything but a star; in fact it is one of our nearest planetary neighbours, Venus. Along with Mars the pair may be Earth's close cousins, but they are oh-so different. Only now are we starting to peer through Venus's clouds to reveal the burning planet's secrets. Find us on: Youtube bit.ly Facebook www.facebook.com Twitter twitter.com From: Euronews Views: 153 16 ratings Time: 12:01 More in Shows
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08:02:46 05/24/12
euronews innovation - HIV vaccine on trial
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euronews innovation - HIV vaccine on trial
www.euronews.com A team of French scientists has started clinical trials on humans for a potential HIV/AIDS vaccine. Chief Scientific Officer at Grenoble-based PX'Therapeutics Nicholas Mouz said: "We're developping a vaccine against HIV, using a protein of the HIV virus called GP41. "Why the GP41 protein? Because it's a key protein in the mechanism of entry of the virus into the cells. "And it's a protein which allows the generation of neutralising antibodies, which is the main objective of the vaccine." Protein GP41 - remember that name, because that protein could help European researchers overcome one of the world's most pernicious diseases: HIV/AIDS. The team at PX'Therapeutics believes GP41's low level of genetic variability means it could allow them to develop a truly ground-breaking vaccine. Nicholas Mouz explained: "The idea is to look for an immune response of neutralising antibodies in the mucus. Why in mucus? Because nearly 90% of AIDS cases are due to sexual relations." These French researchers are part of a European project that includes clinical trials of their HIV vaccine. The team is following closely as 50 British volunteers take part in the first round of tests. PX'Therapeutics' pharmaceutical director is Lucile Marron Brignone. She said: "After each administration of the product we check if there are any side effects. "The other objective is to have information about the immunogenicity of the product, that's to say whether or not it generates an immune ... From: Euronews Views: 147 5 ratings Time: 03:01 More in Shows
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20:43:54 05/23/12
euronews interview - Farhadi - self-censorship 'real danger' for Iranian filmmakers
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euronews interview - Farhadi - self-censorship 'real danger' for Iranian filmmakers
www.euronews.com At the 65th Cannes Festival, Iranian film director Asghar Farhadi was, once again, the centre of attention, this time for his next film project. The European Commission has selected Farhadi's next movie for its 60000 euro 'Prix MEDIA' award. The film is due to be set in Paris with European casting. Earlier this year, Farhadi's 'Separation' won two Oscar nominations and took the award for Best Foreign Language film, the first Iranian movie to win the honour. In an interview with euronews in Cannes, Asghar Farhadi talks about his next project, the reaction in Iran, his cinematic style and the current restraints on Iranian film-makers. *euronews:* "You've just won the "Prix MEDIA" a European award which recognises cultural diversity, what does this award mean for you as an Iranian Film maker?" *Asghar Farhadi:* "The meaning it has for me is the same as all the encouragement I have received through these years. The other meaning is that I'm a writer who has always composed in the Persian language and whose dialogues have always been in the Persian language. Now some of the cast will be speaking another language. Finally, it means that those who have read the script for my next film have been able to connect with it and did not find it an unfamiliar story despite not knowing Persian, and that means a lot to me." *euronews:* "You won many international awards for your last movie 'A Separation' amongst them an Oscar for best foreign language movie - but ... From: Euronews Views: 178 3 ratings Time: 07:53 More in Shows
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16:56:13 05/23/12
Grexit would be ugly and costly
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Grexit would be ugly and costly
www.euronews.com Europe's banks are scrambling to make sure they are prepared for a Greek exit from the eurozone. They would take a big direct financial hit from that, but experts have said the real worry is that Greece would the first of the dominos, to be followed by Portugal, Ireland, Spain and Italy. The return of the drachma - which would immediately be massively devalued against the euro - means Greeks would not be able to repay foreign loans. Philippe Waechter - Director of Economic Research at NATIXIS told euronews: "Even though Greece is not a very big part of the euro area economy (GDP), if it left there would be shock waves and it would create a new situation; it would change the balance of power within the EU; so the question is - would the cost of Greece leaving (the eurozone) be greater or less than the cost of Greece staying in?" At the end of last year, European banks had total exposure to Greece of around 80 billion euros. French banks stand to lose most. Credit Agricole heads the list as it owns Emporiki Bank whose customers have nearly 19 billion euros in outstanding loans. Some economists feel that the European Central Bank's role has to change to prevent contagion spreading from Greece to other weaker eurozone countries. One suggestion is that the bank could become a lender of last resort, like the Federal Reserve in the United States. With most of Greek's private creditors having taken heavy writedowns as part of the country's second, 130 billion ... From: Euronews Views: 88 3 ratings Time: 01:18 More in News & Politics
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15:56:02 05/23/12
euronews cinema - Cannes: Pete Doherty's Confession
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euronews cinema - Cannes: Pete Doherty's Confession
www.euronews.com Former Libertines frontman Pete Doherty makes his big screen debut at Cannes, in the 19th century period drama Confession of a Child of the Century, which has been selected for the festival's Un Certain Regard category. Find us on: Youtube bit.ly Facebook www.facebook.com Twitter twitter.com From: Euronews Views: 65 1 ratings Time: 01:40 More in Shows
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15:56:02 05/23/12
Call it Miat or Fazda, it's definitely sporty
[LESS INFO] 0 VIEWS | ADDED 15:56:02 05/23/12
Call it Miat or Fazda, it's definitely sporty
www.euronews.com Fiat and Mazda are teaming up to produce a new generation of sports cars. They've agreed in principle to develop and build models for their respective Mazda and Alfa Romeo brands based on the MX-5 - which is the best-selling two-seat convertible sports car in history. Mazda - which is Japan's fifth-largest car maker - has been looking for a partner to replace Ford and share future development costs. While the deal would not bring significant immediate gains for Mazda, it will be positive long-term, especially if the collaboration deepens, some analysts said. "I see this as positive news," said UBS auto analyst Tatsuo Yoshida. "The MX-5 is an iconic car in Mazda's line-up, and the lightweight roadster is part of its heritage as a maker of sporty cars. But developing the next iteration for Mazda alone would have been difficult to justify, and this arrangement allows them to do that," Yoshida added. Fiat has been especially vocal about looking for more automotive alliances, particularly with an Asian partner, after taking control of Chrysler to help it reach global sales of 6 million vehicles in 2014. Both Mazda and Fiat played down the possibility of an equity alliance, saying their non-binding memorandum of understanding did not involve such talks. The companies will, however, discuss further opportunities to cooperate in Europe, they said in a statement. Find us on: Youtube bit.ly Facebook www.facebook.com Twitter twitter.com From: Euronews Views: 63 2 ratings Time: 00:26 More in News & Politics
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15:56:02 05/23/12
Bankia's black hole
[LESS INFO] 1 VIEWS | ADDED 15:56:02 05/23/12
Bankia's black hole
www.euronews.com Spain will explain today how it plans to plug a huge hole in the finances of Bankia, the country's fourth largest lender. Details of the rescue are due to be given by the Economy Minister Luis de Guindos. Bankia needs to find close to nine billion euros so it complies with government demands to cushion itself against property loan losses and to meet strict European Banking Authority rules on capital reserves. The government has just picked Goldman Sachs to value Bankia and consultancies Oliver Wyman and Roland Berger were hired to audit other banks' loan books, damaged by a property crash that helped push bad loans to their highest in 18 years. The help for Bankia is part of an effort to clean up a banking sector laden with bad debts and stop the country sinking further into the eurozone debt crisis. Find us on: Youtube bit.ly Facebook www.facebook.com Twitter twitter.com From: Euronews Views: 105 3 ratings Time: 00:26 More in News & Politics
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15:56:01 05/23/12
euronews science - Pushing the limits of the body
[LESS INFO] 0 VIEWS | ADDED 15:56:01 05/23/12
euronews science - Pushing the limits of the body
www.euronews.com Just how far can the human body be pushed in the name of sport? Well, a pretty long way, as was proved in a recent experiment in France. For six days and six nights two athletes ran and rode virtually non-stop. Extreme distance runner Michael Micaletti even set a new world record - he ran 822.31 kilometres. But how did he cope, both physically and mentally? Find us on: Youtube bit.ly Facebook www.facebook.com Twitter twitter.com From: Euronews Views: 23 2 ratings Time: 01:57 More in Shows
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14:31:06 05/23/12
Foreign investors shun Italy and Spain
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Foreign investors shun Italy and Spain
www.euronews.com Foreigners are increasingly not interested in buying Italian and Spanish government bonds according the Fitch credit ratings agency. It said the number of Italian bonds held by international institutional investors had fallen from 50 percent in 2008 to 32 percent last year. For Spain, foreign ownership has fallen from 60 percent to 40 percent in that period. Fitch sees that trend continuing over the next few quarters, until such time as Italy and Spain's financial outlooks seem set to improve or investors become more open to risk-taking. The rating agency said the foreign investor outflows have been offset by significant flows within the Eurosystem of central banks, reflecting increased use of central bank liquidity by Spanish and Italian banks. In a statement it said: "The ECB money has fulfilled a triple role of supplying banks with funding, enabling them to increase purchases of sovereign debt to replace non-resident outflows and supporting the balance of payments of these economies." Find us on: Youtube bit.ly Facebook www.facebook.com Twitter twitter.com From: Euronews Views: 101 1 ratings Time: 00:26 More in News & Politics
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22:06:22 05/22/12
IMF tells Britain 'must try harder'
[LESS INFO] 1 VIEWS | ADDED 22:06:22 05/22/12
IMF tells Britain 'must try harder'
www.euronews.com The IMF has said Britain's struggling economy needs the Bank of England to pump in more money and perhaps cut interest rates, already at a record low 0.5 percent. International Monetary Fund head Christine Lagarde, on a visit to London, told UK finance minister George Osborne his government should back off its austerity programme if things get worse. She also warned about splash over from Europe's debt problems: "The stresses in the euro area affect the UK through many channels, growth is too slow and unemployment - including youth unemployment - is too high. Policies to bolster demand, before low growth becomes entrenched, are needed." Lagarde was speaking after the IMF delivered its latest economic outlook for Britain, a country still struggling to recover from a deep downturn caused by the 2007-2009 financial crisis. The economy fell back into recession early this year, and the escalating eurozone crisis risks making it worse. British finance minister George Osborne said: "It's clear we are now reaching a critical point for the eurozone. The eurozone countries need to stand behind their currency, or face up to the prospect of Greek exit. The British government is doing contingency planning for all potential ourcomes; it is our responsibility to ensure that while we work for the best, we prepare for something worse." The IMF said the British government should step up efforts now to get credit flowing, increase infrastructure spending and, if the ... From: Euronews Views: 380 18 ratings Time: 01:11 More in News & Politics
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20:15:49 05/22/12
euronews hi-tech - Dutch inventor cleans up water treatment
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euronews hi-tech - Dutch inventor cleans up water treatment
www.euronews.com Water, water everywhere... but most of it is not fit to drink. Around one billion people do not have access to clean water. Untreated or undertreated sewage not only threatens our health but contaminates water sources and the oceans. The main sources of pollution are high amounts of nitrates and phosphates from wastewater and agricultural run-off. Dutch scientists have developed a new water purification technology. The plant, in Epe in the Netherlands, has a new and innovative sewage treatment system. Find us on: Youtube bit.ly Facebook www.facebook.com Twitter twitter.com From: Euronews Views: 234 28 ratings Time: 04:12 More in Shows
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20:15:49 05/22/12
euronews cinema - Cannes: Festival visit for French culture minister
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euronews cinema - Cannes: Festival visit for French culture minister
www.euronews.com France's new Minister of Culture Aur%eacutelie Filipetti is in Cannes, meeting industry professionals. Euronews caught up with her and asked her about the importance of European culture. Find us on: Youtube bit.ly Facebook www.facebook.com Twitter twitter.com From: Euronews Views: 69 2 ratings Time: 01:24 More in Shows
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20:15:48 05/22/12
euronews cinema - Cannes: Lion of French cinema Alain Resnais
[LESS INFO] 1 VIEWS | ADDED 20:15:48 05/22/12
euronews cinema - Cannes: Lion of French cinema Alain Resnais
www.euronews.com Veteran French director Alain Resnais' latest film Vous N'Avez Encore Rien Vu - You Ain't Seen Nothin' Yet - is among the 22 movies competing for the Palme d'Or in Cannes. It is an arthouse 'film within a film' that relies heavily on its starry cast. Find us on: Youtube bit.ly Facebook www.facebook.com Twitter twitter.com From: Euronews Views: 46 2 ratings Time: 01:42 More in Shows
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20:15:48 05/22/12
euronews cinema - Cannes: Polluting Paradise
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euronews cinema - Cannes: Polluting Paradise
www.euronews.com Award-winning Turkish-German director Fatih Akin has brought his latest film M%uumlll Im Garten Eden or Polluting Paradise to Cannes. It is centred on the Black Sea community of Camburnu in Turkey, where a sprawling rubbish dump is making people's lives a misery. Find us on: Youtube bit.ly Facebook www.facebook.com Twitter twitter.com From: Euronews Views: 67 1 ratings Time: 01:39 More in Shows
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20:15:48 05/22/12
Eurozone is biggest threat to growth: OECD
[LESS INFO] 0 VIEWS | ADDED 20:15:48 05/22/12
Eurozone is biggest threat to growth: OECD
www.euronews.com The eurozone heads the list of potential threats to the fragile economic recovery among developed countries according to the Organisation for Economic Co-operation and Development in its latest growth outlook report. It warned European leaders they should consider all possible measures to sort out the bloc's debt problems. OECD Chief Economist Pier Carlo Padoan said: "Until a few weeks ago, we were saying that so-called tail risks had gone away; so the global economy - but especially the euro area, which remains the most significant single area of risk in the global economy - had moved away from the edge of the cliff; things have begun to deteriorate again recently. The OECD forecasts the eurozone's economy will shrink by 0.1 percent this year and grow by 0.9 percent next year with unemployment in region rising to 11.1 percent of the workforce next year from an expected 10.8 percent in 2012. It believes that global growth would ease to 3.4 percent this year from 3.6 percent in 2011, before accelerating to 4.2 percent next year with the US and China the main engines of growth. "The global economic outlook is still cloudy," OECD Secretary General Angel Gurria told reporters. "At first sight the prospects for the global economy are somewhat brighter than six months ago. At closer inspection, the global economic recovery is weak, considerable downside risks remain and sizeable imbalances remain to be addressed." "A bad outcome scenario in the euro area with ... From: Euronews Views: 50 0 ratings Time: 01:10 More in News & Politics
12/04/11