The European Commission recommended on Wednesday that 13 billion euros ($13 billion) in EU funds for Hungary be frozen because Budapest is falling short on its commitments to meet European rule of law.. Also, 5.8 billion euros from an EU coronavirus recovery fund was frozen until Hungary showed it was meeting 27 "super milestones" for its reforms, particularly on the judiciary issue.
US employers eased their hiring pace in November, with job creation slowing the most since early 2021, as the central bank's interest rate hikes trickle through the economy, payroll firm ADP said Wednesday.. But in November, job creation slowed by the most since January 2021, ADP said.
Swedish fashion retailer H&M said Wednesday it would cut some 1,500 jobs worldwide as a result of a cost-cutting programme launched following its decision to leave the Russian market.. "The programme relates to administrative and overhead costs, and also entails reducing the workforce by around 1,500 positions," the company said in a statement.
Troubled Scandinavian airline SAS, which has filed for bankruptcy in the United States, reported Wednesday deeper losses in the fourth quarter.. SAS filed for Chapter 11 bankruptcy proceedings in the United States in July -- a move allowing a company to restructure its debts under court supervision.
Kenyan President William Ruto on Wednesday launched a low-interest credit scheme to boost financial access for the country's poorest citizens, fulfilling a key campaign promise made to voters. . The fund will eventually also offer small-scale enterprises and start-ups access to credit, with those loans set to be launched by the end of May next year.
Britain's government on Wednesday rejected union pay demands after ambulance workers joined nurses in voting to go on strike.. The strike will affect London and four other regions of England as the ambulance service joins nurses across most of Britain in striking over government pay offers, which fall well short of double-digit inflation.
Stroking a tiny spruce sapling, Swiss forest ranger Francois Villard fears the tree will not withstand global warming and live to a ripe old age like its ancestors.. "I have never seen so many dry trees," says Villard, who is now approaching retirement.
Barrelling down a motorway south of Stockholm in a 40-tonne lorry and trailer, the driver keeps a careful eye on the road but, jarringly, no hands on the wheel.. "We take their goods from point A, drive them to point B, fully autonomously," Peter Hafmar, head of autonomous solutions at Scania, tells AFP outside the company's transport lab in Sodertalje, south of Stockholm.
In Belgium's port city of Antwerp, residents live in fear of eruptions of violence between the gangs that control Europe's vast cocaine trade.. The city is the main port of entry into Europe for Latin American cocaine, a business controlled by transnational cartels with an increasing reputation for the most extreme violence.
From torture and murder in the Netherlands and Serbia to an unprecedented web of corruption in Belgium, the Sky ECC investigation has shone a light into some of Europe's darkest corners.. After English, the most common language used on Sky ECC was Albanian, investigators found.
