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 house of commons, where we re expecting an urgent question to the home office on the implications of the national crime agency s investigation into mrjavad marandi. this comes after the bbc reported that javad marandi, a businessman whose foreign companies were part of a global money laundering investigation, is a major donor to the conservative party. the question has been tabled by snp mp alison thewliss. asking if the home secretary will respond or make a statement. we will head back the is should get any further developments. the british telecoms giant, vodafone, is to cut 11,000 jobs over the next three years as part of an overhaul to cut costs. the firm s new boss, margherita della valle, said its performance had not been good enough. posts will go at the company s headquarters in the uk and in other countries. our business reporter theo leggett has more. talk to us about what we know about the job losses, talk to us about what we know about thejob losses, 11,000
that amounts to more than a 10th of vodafone s global workforce, and will affect its firm s uk headquarters and other cities. the company had already outlined plans to cutjobs in germany and italy. ceo margherita della valle warned that vodafone s performance has not been good enough . let s speak now to karen egan, who is senior telecoms analyst at the research company enders analysis. thanks for being with us. let s come onto some of the performance issue in a second per first of all the jobs, 11,000 is about a tenth of the workforce, that is a lot of people to lose out of a business. it is workforce, that is a lot of people to lose out of a business. it is and particularly to lose out of a business. it is and particularly as to lose out of a business. it is and particularly as it to lose out of a business. it is and particularly as it comes to lose out of a business. it is and particularly as it comes on - to lose out of a business. it is and particularly as it co
we start in ukraine, where the capital kyiv has been targeted by a fresh barrage of russian missiles, described by officials as exceptional in its density . but ukraine says all 18 missiles of various types were shot down, this footage showing air defences intercepting targets over the city. loud explosions were heard. at least three people were injured by debris. kyiv says the rockets shot down included six advances hypersonic missiles. like this one, said to be the first such hypersonic kinzhal missile intercepted by the patriot defence system earlier this month. kinzhal means dagger in russian. the latest barrage came just hours after president zelensky finished a european tour, in which he was promised billions of dollars worth of military aid by western allies earlier i spoke to our correspondent, hugo bachega, in kyiv about these latest attacks. lemerre here has said the falling debris was reported in four districts of the city and that three people were injured but
Honour the victims of the grenfell fire. And in half an hour, newsbeat asks if its time for change to attitudes to the legalisation of cannabis good afternoon and welcome to bbc news. Ten of thousands of People Living in the us state of texas have been ordered to leave their homes, as flooding, caused by Tropical Storm harvey, continues to cause devastation. Its expected up to 30,000 people may need temporary emergency shelters, with more than two and a half feet of rain fallen on the city of houston alone. Unconfirmed reports suggest up to five people may have drowned, but Officials Say they cant confirm figures until the flood waters recede. Thousands of people have had to be rescued, many plucked from rooftops by helicopter. 0ur correspondent Laura Trevelyan is in la grange, 100 miles west of houston in texas for us. Welcome to this Small Community la grange is about 100 miles west of houston. This is a microcosm here of the devastating, catastrophic flooding which is ravaging this