
How can the EU respond to companies moving their production elsewhere?
German BSH Domestic Appliances group, which owns the Siemens and Bosch brands, has announced the forthcoming closure of a factory in Esquíroz in the north of Spain.
More than 650 local jobs are likely to be lost, and production could be relocated to Poland or Turkey.
"The situation is really very worrying. This was a company that had proved to be sustainable, a company that had a product that provided services to the rest of Europe and also to Spain, because 80% of the products that came out of this company were then marketed in Spain," Spanish MEP Estrella Galán said.
"And now the company has decided to close because of relocation," she added.
This is not an isolated case. Relocations are also under way at Audi, Volkswagen and ArcelorMittal.
Some MEPs would like the European Parliament to take action to combat deindustrialisation and support the re-industrialisation of Europe, at a time when geopolitical uncertainties are undermining businesses.
"We have political instability, we have high energy prices, we have economic uncertainty, we have Donald Trump's tariff war," Oihane Agirregoitia Martínez, another Spanish MEP for Renew Europe, told Euronews.
"In this case, we have a lack of strategic autonomy. These companies are looking for lower labour costs, they are looking for access to raw materials", Agirregoitia Martínez explained.
She recommends simplifying the regulatory and tax framework to support production, innovation and competitiveness in Europe.
For her part, Galán is calling for the 25-year-old European directive on collective redundancies to be updated to bring it into line with the "new realities of the labour market".
"Within the European Union, we cannot compete between states on the basis of the wage levels that exist in one member state or another," she told Euronews.
"It is therefore necessary to reform this directive on collective redundancies and prevent social dumping from being a threat to all workers in the European Union", she adds.
Between 2018 and 2020, 72% of French companies that relocated did so in Europe, according to the French national statistics institute (INSEE).
The 21-year-old gunman who went to his former school in Graz on Tuesday and shot 10 people dead and injured a further 11 had carefully planned his rampage in advance.
That's according to a statement by the public prosecutor's office and the police at a press conference on Thursday.
During a search of his house, investigators found a non-functional pipe bomb, notes and plans. According to police, the pipe bomb contained all the components.
His notes express regret that he did not have time to properly finalise his plans.
A farewell letter was also among the items found, but according to investigators, it does not provide any further information about the perpetrator's motive and reads more like an apology to his family.
Investigators also revealed that the young man, who lived with his mother, had lived a secluded life.
He was reportedly introverted, withdrew mainly into the virtual world where his main social contact came from and played first-person shooter games.
Three years ago, he dropped out of school without graduating. The 21-year-old had no criminal record.
Michael Lohnegger, the head of the Styrian state police, explained that the perpetrator entered the school on Tuesday at 9:43 am. He was carrying a rucksack containing a Glock 19 pistol, a sawn-off double-barrelled shotgun and ammunition.
He went to the school toilet on the third floor, put on a gun belt, shooting glasses and a headset. There were 400 pupils in the school at the time.
The gunman, then heavily armed, went to the second floor and shot indiscriminately at people there and at 10:07 am went back to the third floor toilet where he shot himself.
The first police patrol arrived at the school at 10:06 am, by which time the rampage was over and the gunman already dead.
Investigators assume that the 21-year-old did not know the young people he shot, although the teacher who was killed had taught at the school at the time the gunman was a pupil there.
The police investigation is still ongoing, with a laptop and a USB stick still to be analysed.
So far, there are no concrete clues as to the motive for the shooting.
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Euronews
4 minutes ago
- Euronews
Why and where are weekly working hours dropping in Europe?
Workers in Europe have been gradually putting in fewer hours. Over the past 10 years, the average time spent working per week has declined by one hour in the EU. In nearly half of 34 European countries, the drop was even greater — more than one hour between 2014 and 2024. Weekly working hours also vary significantly across the continent. So, in which European countries do people spend the most time at the grindstone? How has actual working time changed across the region? And what could be the possible reasons behind this decline? According to Eurostat, in 2024, the actual weekly working hours for both full-time and part-time workers aged 20 to 64 in their main job ranged from 32.1 hours in the Netherlands to 39.8 hours in Greece. When including EU candidate countries, EFTA members, and the UK, the highest figure was recorded in Turkey (43.1), where average weekly working time exceeded 43 hours. People in Southern and Eastern European countries tend to work longer hours, with particularly high figures in EU candidate countries. Following Turkey, which tops the list at 43.1 hours, are Serbia (41.3) and Bosnia and Herzegovina (41.1). Montenegro hasn't reported data for 2024, although its working hours came to 42.8 in 2020. The next countries in the ranking also belong to the same region: Greece (39.8) and Bulgaria (39). North Macedonia, which only has data spanning up to 2020, also recorded a weekly working total of 39 hours. These countries generally have lower wages, higher informal employment, and less part-time work. Western and Northern European countries generally have shorter work weeks. Countries like the Netherlands (32.1), Norway (33.7), and Austria and Denmark (33.9) all report significantly fewer weekly working hours. These regions are characterized by strong labour protections, higher productivity, and widespread use of part-time and flexible work arrangements. Among Europe's largest economies, the UK and Spain (both at 36.4 hours) and Italy (36.1) report the highest average working times, all above the EU average. However, the UK data dates back to 2019, so the actual figure may be lower today, given the overall downward trend in working hours. When comparing weekly working hours in 2014 and 2024, only four out of 34 countries saw an increase. In three of these countries, the rise was minimal: Lithuania and Cyprus (both by 12 minutes), and Malta (6 minutes). Serbia was the exception, with a significant increase of 1.7 hours — 1 hour 42 minutes. Weekly working time remained unchanged in France, while the decrease was less than half an hour in Italy, Sweden, and Latvia. In 16 out of 34 countries, weekly working time fell by more than one hour — exceeding two hours in some cases. Iceland (3.5 hours) closely followed Turkey (3.8 hours) at the top. Belgium and Luxembourg also recorded significant declines, with a reduction of 2.5 hours each in weekly working time. In a further seven countries, weekly working hours declined by 1.5 hours or more. These include Denmark and Austria (both 1.9), Germany (1.8), Estonia (1.7), Czechia (1.6), and Portugal and Croatia (1.5). Scholars and experts have been examining the reasons behind the decline in weekly working hours, offering various explanations. A recent working paper published by the European Commission analysed work time trends in six EU countries between 1992 and 2022. Sergio Torrejón Pérez and his colleagues found that: Decline in working time is primarily linked to the growing prevalence of non-standard forms of work, mainly part-time work. Part-time jobs have grown mostly because more women are working and because more jobs are in service industries. Full-time workers are working more or less the same amount of hours as in the 1980s. Self-employed people are working fewer hours over time because more of them are working part-time. Even so, they are still working the longest hours on average. A paper published by the European Central Bank analysed working time in the euro area from 1995 to 2020. Vasco Botelho and his colleagues emphasised that the decline in hours contributed per worker is a long-term trend. One reason is that technological progress over the past 150 years has transformed the nature of work. They found that other key factors include the rising share of part-time employment, and the increase in female labour force participation, which is also closely linked to the growth of part-time work. The decline in working time is driven by both demand and supply-side factors, according to the ECB report. Most part-time workers choose this arrangement voluntarily, opting to work fewer hours than full-time employees. In the overall sample, about 10% of workers reported that they would prefer to work more hours than they currently do. Another working paper from the IMF by Diva Astinova and her colleagues also found that declines in actual working hours match declines in desired working hours in Europe. 'Increased income and wealth is likely to be the main force behind the decline in desired and actual hours worked,' they suggested. In other words, researchers proposed that people feel less of a financial pull to put in more hours. European equities tumbled when the market opened on Friday and oil prices surged, as investors reacted to Israel's large-scale air strikes on Iran's nuclear infrastructure, fuelling fears of a broader Middle East conflict. The operation, named Rising Lion, marks the most extensive Israeli military action on Iranian soil to date, targeting over 100 facilities including the Natanz complex and missile sites near Tehran. As of 9.15am CEST, the Euro STOXX 50 had dropped 1.5%, extending weekly losses to 2.7% — the worst performance since early April. Financials led the downturn among Eurozone blue chips. Deutsche Bank fell 2.73%, UniCredit 2.56%, Banco Bilbao Vizcaya Argentaria 2.48% and Banco Santander 2.46%. Germany's DAX lost 1.34% to 23,453, France's CAC 40 dropped 1.35% to 7,660, Italy's FTSE MIB retreated 1.68% to 39,271, and Spain's IBEX 35 fell 1.70% to 13,849. Oil prices surged following the Israeli strike, as markets began to price in a higher geopolitical risk premium. Brent crude jumped over 5% to trade at $73 (€68) per barrel, while West Texas Intermediate rose to $71.5 (€66.60). For the week, oil prices are up more than 10%, on track for the strongest weekly gain since October 2022. As energy prices rallied, oil majors such as Italy's Eni and Spain's Repsol gained 2%. German defence powerhouse Rheinmetall also rose 2% as investors turned to military and security-exposed stocks. Dutch TTF natural gas futures climbed 2% to €37.12 per megawatt hour, amid concerns over potential disruptions to energy flows. The Israeli campaign involved over 200 fighter jets, according to the IDF, and reportedly resulted in the death of senior Islamic Revolutionary Guard Corps commanders Hossein Salami and Mohammad Bagheri. Demand for safe-haven assets surged. Gold rose 1% to $3,430 (€3,200) per ounce, nearing its all-time high of $3,500. Silver also held ground, hitting $36.5 per ounce overnight. The dollar gained strength following days of steady declines. The euro fell 0.5% to $1.1540 after touching a three-year high of 1.16 on Thursday. On the data front, Germany's final inflation reading for May was confirmed at 2.1% year-over-year. Spain's annual inflation was upwardly revised from 1.9% to 2%. The pound also slipped 0.5% to $1.1350. The Israeli shekel tumbled 1.8% against the dollar, heading for its steepest daily loss since the Hamas attack of October 2023. 'The Israeli strike on Iran's nuclear facilities has sent oil prices spiking and has offered the oversold and undervalued dollar a catalyst for a rebound,' said Francesco Pesole, currency strategist at ING. While there are currently no confirmed disruptions to oil production, analysts warn that the situation could escalate rapidly. 'The key difference from previous standoffs is that nuclear facilities have now been targeted,' Pesole added. Warren Patterson, head of commodities research at ING, noted: 'In a scenario where we see continued escalation, there's the potential for disruptions to shipping through the Strait of Hormuz. Almost a third of global seaborne oil trade moves through that route.' He warned that up to 14 million barrels per day could be at risk, with oil potentially surging to $120 per barrel in the event of a prolonged disruption — levels not seen since 2008.


France 24
29 minutes ago
- France 24
Liverpool bank on 'world-class' Wirtz after record deal
Fresh from winning a 20th English top-flight title, Arne Slot's Reds have broken the bank to land a rising star already labelled as one of the world's best by former Reds midfielder and Wirtz's former coach Xabi Alonso. British media reported on Friday that the Premier League champions had agreed a club-record deal worth up to £116 million ($157 million) to secure the services of the attacking midfielder. Liverpool can now agree personal terms with a player coveted by a number of top European clubs. Wirtz's abundant potential as a teenager sparked a row between his hometown club Cologne and Leverkusen five years ago when Leverkusen, who are backed by pharmaceutical giants Bayer, swooped to sign him at 17. Cologne argued that a gentleman's agreement not to poach youth team players had been violated, but Leverkusen said Wirtz was a first-team signing and within months he had made his Bundesliga debut. His rise was interrupted by a cruciate knee ligament injury in March 2022 that forced him to miss the next 10 months. By the time he returned, Alonso had been installed as Leverkusen boss and together they would spearhead the club's greatest days. Leverkusen ended Bayern Munich's grip on the Bundesliga in stunning fashion, romping to the title and the German Cup without losing a single match in the 2023/24 season. Wirtz netted his first career hat-trick on the day the title was sealed against Werder Bremen, on his way to being crowned Bundesliga player of the year. "Flo is one of the top players in the world, he's world class," said Alonso, who compared his protege to Lionel Messi in terms of his understanding of the game. "Why is Messi so good? Because he knows how and when to play simple passes. Messi says: 'You're in a better position? Here, there you have the ball'," said Alonso, a hero of Liverpool's 2005 Champions League triumph. "It's not always about making the most brilliant move, but the best and smartest. Florian can do that. That's why he's so good." 'The full package' Both star player and coach committed to staying with the Leverkusen project for another 12 months, but defeat in the Europa League final to Atalanta to round off the 2023/24 campaign was a sign of things to come. Bayern restored their grip on the German game last season but could not convince Wirtz to follow the lead of many others in joining from their Bundesliga rivals. Instead, he made it clear his preference was a move to the Premier League champions and the chance to add his name to Liverpool's cast of legends. "A huge talent, huge future in front of him, so Liverpool is the place for him," said the club's former captain Steven Gerrard. Despite 57 goals and 65 assists in 197 games for Leverkusen, Wirtz will begin life at Anfield in the shadow of Mohamed Salah. But the Reds are banking on Wirtz's creativity to help maintain the 32-year-old's prolific goalscoring numbers and ease the burden of carrying the Liverpool attack. The club's previous record signing, £85 million recruit Darwin Nunez, has failed to deliver and could be sold to help recoup some of their major outlay on new faces. Liverpool will hope Wirtz can handle the pressure of his price tag and the physicality of the Premier League to ensure there is no second season slump under Slot. Former Germany head coach Hansi Flick is in no doubt about what the midfielder has to offer. "He's simply an outstanding technician, loves to play, is very creative, has a good shot, runs hard and is quick," he said. "He's the full package." © 2025 AFP


Euronews
an hour ago
- Euronews
Europe top tech hubs: Paris tops London as Kyiv emerges as rising star
This year's Global Tech Ecosystem Index has crowned Paris as the top tech hub on the continent. The report analysed tech talent, innovation and investment in 288 cities and 69 countries. The French capital also placed fourth in the global ranking, while London ranked 6th. Cambridge, Munich, Stockholm and Grenoble were the only other European cities to make it to the global top 20. Analysts say the UK has been attracting fewer funds in recent years. Its startups raised just slightly more than €19 billion in 2024, reportedly the lowest amount since 2020. Nonetheless, the UK remains a driving force of Europe's tech scene. According to the report, Cambridge has the highest concentration of tech talent in Europe, with an enterprise value of over €162 billion, with a population of just around 150,000 people. Density leaders are "ecosystems that outperform relative to their population size, showing exceptional innovation output per capita." "These hubs are marked by high startup activity, research intensity, and strong university linkages, proving that world-class ecosystems can emerge anywhere", says the report. The report also ranks the top rising stars in Europe, depending on growth in enterprise value and unicorns, which are privately-owned startups valued at over $1 billion, all of that adjusted to local GDP per capita and cost of living. Lagos in Nigeria is on top of this list globally, having created five unicorns and grown its ecosystem value by more than 11 times since 2017, despite being a smaller economy. In Europe, the top rising star is Kyiv, followed by Vilnius, Zagreb, Prague, Warsaw and Athens. Experts say Ukraine's tech hub is booming, with tech professionals growing from an estimated 75,000 in 2014 to over 300,000 in 2023. The Ukrainian capital is home to over 1,000 tech firms, including Ajax Systems and Grammarly. A few months ago, the World Economic Forum chose Kyiv to open its new GovTech centre, to exchange best GovTech practices and innovative solutions. European leaders are voicing alarm over the military attacks launched overnight between Israel and Iran and calling for immediate de-escalation to avoid an all-out war that could spiral across the Middle East and beyond. British Prime Minister Keir Starmer was one of the first heads of government to react, urging "all parties to step back and reduce tensions urgently". "Escalation serves no one in the region. Stability in the Middle East must be the priority and we are engaging partners to de-escalate," Starmer said on social media. "Now is the time for restraint, calm and a return to diplomacy." His Dutch countepart, Dick Schoof, issued a similar message. "Alarming attacks in the Middle East," Schoof said. "The Netherlands calls on all parties to remain calm and to refrain from further attacks and retaliation. In the interest of stability in the region, immediate de-escalation is necessary." German Chancellor Friedrich Merz convened his security cabinet after speaking by phone with Israeli Prime Minister Benjamin Netanyahu, who informed him about the objectives behind the military operation. The Iranian nuclear program "violates the provisions of the Nuclear Non-Proliferation Treaty and poses a serious threat to the entire region, especially to the State of Israel," Merz said in a statement as he warned against regional instability. Merz cited the recent conclusion by the International Atomic Energy Agency (IAEA) that found Iran was not complying with its nuclear obligations for the first time in 20 years. Germany stands ready "to exert influence on the parties to the conflict using all diplomatic means at our disposal. The goal must remain to prevent Iran from developing nuclear weapons," the chancellor added. French President Emmanuel Macron also gathered his defence and security team to assess the escalation of hostilities and implement "all necessary steps" to protect French nationals, diplomats and military officials deployed across the region. "Peace and security for all in the region must remain our guiding principle," Macron said. As part of his diplomatic outreach, Macron spoke with US President Donald Trump, with whom he is believed to be in regular contact, as well as with Merz, Starmer and the leaders from Saudi Arabia, Qatar, the United Arab Emirates (UAE) and Jordan. Turkish President Recep Tayyip Erdoğan was highly critical of Israel, denouncing the military strikes as a "clear provocation that disregards international law". "The Netanyahu administration is trying to drag our region and the entire world into disaster with its reckless, aggressive and lawless actions," Erdoğan wrote in Turkish. "The international community must put an end to Israeli banditry that targets global and regional stability," he went on. "The attacks of Netanyahu and his massacre network, which are setting our entire region on fire, must be prevented." In Brussels, the leaders of the European Union institutions also weighed in on the "deeply alarming" chain of events. "Europe urges all parties to exercise maximum restraint, de-escalate immediately and refrain from retaliation," Ursula von der Leyen, the president of the European Commission, said in a statement that did not mention Israel or Iran by name. "A diplomatic resolution is now more urgent than ever, for the sake of the region's stability and global security," von der Leyen added. High Representative Kaja Kallas described the situation as "dangerous" and said that "diplomacy remains the best path forward". Earlier on Friday, Kallas spoke with her Israeli counterpart, Gideon Sa'ar, and her team was in touch with Tehran. "We're speaking to both sides and channels are open," her spokesperson said. Asked if the Commission was ready to evacuate its diplomatic presence on the ground, which is considered to be limited in scope, the spokesperson said: "Appropriate measures have been taken to reinforce the security of our staff and to mitigate risks." Other capitals offered their initial reactions through their foreign affairs ministries. "The situation in the Middle East is deeply concerning, and the cycle of military escalation must be brought to an end," said Finland's Elina Valtonen, noting the staff of the Finnish embassy in Tehran was "safe" and continued to operate "normally". Austria's Beate Meinl-Reisinger said her country and its partners should prepare "for all possible scenarios," as Ireland's Simon Harris cautioned that "further escalation would bring a very real risk of regional spillover". "This would be disastrous for all the peoples in the region," Harris said. Meanwhile, the Kremlin's spokesperson said Vladimir Putin was receiving "real-time updates" on the "sharp escalation in tensions". Russia is a close ally of Iran, which is under sanctions for providing military supplies to support the invasion of Ukraine. The renewed conflict between Israel and Iran comes two days before the leaders of the Group of Seven (G7) are set to meet for a two-day summit in Canada. The summit's agenda was intended to focus on Russia's war on Ukraine and the international trade system, but the latest developments are expected to alter that agenda. This story has been updated with more reactions.