the euro zone trade surplus. a better net trade result in the first quarter came mainly from higher exports of machinery, vehicles and chemicals and a drop in imports of energy. imports from russia, once a key supplier of oil and gas to the eu, were 72.1% lower in the january march period than a year earlier as the eu stopped buying most of its energy from moscow following the russian invasion of ukraine in late february 2022. joining me is sylvain broyer, chief economist emea, s&p global ratings. what to be make of these numbers? a pretty anaemic growth figure. there are a few positives, pretty anaemic growth figure. there are a few positives, the pretty anaemic growth figure. ii” are a few positives, the european economy has avoided recession, there is an upsurge in demand partly related to the opening of china and the european industry and job creation are strong. the outlook for the second quarter and third quarter is still 0k, the second quarter and third quarter i
in the conservative leadership election. and the art of food, we ll tell you about the indian painter who makes work almost good enough to eat. welcome to bbc news, broadcasting to viewers in the uk and around the world. it s 8am in singapore, and 6pm in saskatchewan in canada, where police are searching for two suspects thought to have stabbed ten people to death. at least another 15 were wounded. the prime ministerjustin trudeau has described the events as horrific and heart breaking . the royal canadian mounted police say they are investigating 13 possible crime scenes. we can hear now from the assistant commissioner, rhonda blackmore, who was speaking at a police press conference a short while ago. at this point in our investigation, we have located tempted east individuals in 13 locations in the areas of james smith information and saskatchewan. several others have been injured, 15 of which at this point have been transported to various hospitals. there may be additiona
hello, a very warm welcome to the programme. let s start here in the uk where, in a few hours from now, the next leader of the conservative party and the uk will be announced. we won t officially know who that is until 12:30 bst but we do know for sure that whomever takes the reins will have a monumental task, both economically and politically. rising inflation and the high energy prices will be at the forefront of voters minds, while businesses will be keen to see stability and a commitment to economic growth going forward. our economics editor faisal islam has been looking at some of the immediate pressing issues. this is the economic reality facing the new prime minister. inflation at 10% and heading higher on these official forecasts. it may even go above 15%. five or even ten times target. in the general economy is already falling and heading for a 1990s style recession, according to the bank of england. the core of it all, energy prices. in international markets having