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Eurozone enters recession, latest data shows

Published Mon, 16 Dec 2024 13:04:49 GMT

The eurozone contracted for two consecutive quarters, data out Thursday shows, meaning it has entered a technical recession, signaling a loss of growth momentum in the single currency area buffeted by energy shocks, war, inflation, and monetary tightening.Eurozone GDP fell by 0.1 percent over the first three months of 2023 compared with the previous quarter, according to the figures from Eurostat, the EU’s statistics agency. GDP was also revised downward for the last quarter of 2022, to -0.1 percent from 0 percent previously forecast.Thursday’s data is a downward revision on previous flash estimates released in April that showed growth of 0.1 percent in the eurozone for first quarter of the year. These were corrected downward following German data showing the country contracted for a second consecutive quarter, slipping into a recession.Employment continued to increase in the eurozone, by 0.6 percent in the first quarter this year, up from 0.3 percent in the previous qua...

When will the smoke go away in Massachusetts? Wildfire smoke may return ‘off and on throughout the summer’

Published Mon, 16 Dec 2024 13:04:49 GMT

Could haze and smoke be the story of the summer?After smoke from the Canadian wildfires caused the air quality to plummet across Massachusetts in recent days and some people put back on their N95 masks, meteorologists are warning that smoke from up north could impact the region at times over the next several weeks.“We might be experiencing this off and on throughout the summer, depending on how the weather pattern shapes up,” AccuWeather senior meteorologist John Gresiak told the Herald on Wednesday — which was a better day for air quality in the Bay State, while New York City and other spots on the East Coast dealt with hazardous conditions.The haze and smoke could continue to affect the region because the Canadian wildfires are out of control, and it doesn’t appear they’ll be put out soon.The wildfires are in remote areas of northern Quebec where very few people live, Gresiak said.“It may be awhile before the fires get extinguished,” he ad...

The ‘Madden 24’ teaser wasn’t kind to Ravens linebacker Patrick Queen. He took notice.

Published Mon, 16 Dec 2024 13:04:49 GMT

The release of the new “Madden” cover athlete every summer is a joyous day on the football calendar, for players and fans alike.For Ravens linebacker Patrick Queen, it was one to forget.On Wednesday, EA Sports announced that Buffalo Bills quarterback Josh Allen will grace the cover of “Madden NFL 24″ when it’s released Aug. 18, joining Tom Brady, Patrick Mahomes and Lamar Jackson as stars to receive the honor in recent years. At the end of a roughly one-minute video teasing the new gameplay and highlighting some of the league’s biggest stars, Allen bulldozes his way for a touchdown against the Ravens, punctuated by an emphatic stiff-arm of Queen.Needless to say, it didn’t sit well with the Ravens’ fourth-year linebacker.“How i get signed up to be the one ran over on the release video,” Queen tweeted with a laughing emoji.Queen, a 2020 first-round draft pick who is set to become a free agent next offseason after the Ravens d...

Mike Preston: Ravens veteran DT Michael Pierce has found his role — and yoga | COMMENTARY

Published Mon, 16 Dec 2024 13:04:49 GMT

The best of Michael Pierce might be on its way.The Ravens’ seventh-year nose tackle has started only 11 games over the past two years in both Minnesota and Baltimore because of injuries, and he feels the same as new teammate and wide receiver Odell Beckham Jr., who missed all of last season recovering from a knee injury.Pierce missed Sunday afternoons and all the euphoria that goes with game day. He believes that he and Beckham have something to prove, only Pierce, who started his career in Baltimore as an undrafted free agent out of Samford in 2016, might have more incentive.This season, Pierce has to replace a giant both on and off the field in defensive end Calais Campbell, who signed a one-year contract with the Atlanta Falcons on March 29.“I don’t think you replace Hall of Famers in general,” Pierce said. “Do you replace Terrell Suggs or Ray Lewis? I don’t think you do. I think you just feel the role that is put out for you in your position, ...

911 Targa 4, one heck of a machine

Published Mon, 16 Dec 2024 13:04:49 GMT

As manufacturers love to extend the life of a current model in the fleet, sometimes, that is a good thing. For Porsche, it’s stellar! In Grasso’s Garage this week, it’s all about 911! No this isn’t an emergency, but it should be, because the Porsche 911 Targa 4 GTS, is an amazing machine.Wrapped in familiar GT Silver Metallic, the Targa 4 GTS is a 473 horsepower, 420 lb ft torque, 3.0 liter twin-turbocharged boxer style 6-cylinder, that at top speed of 190 mph, this machine goes 3.3 second 0-60 with the Sport Chrono package. Specifications include a 51.2 inch height and 72.9 inch width, with a wheelbase of 96.5 inches and an overall length of 178 inches, the 911 is a compact way to have unbelievable power while being very low to the ground.On the 911, our sport ergonomic interior and cockpit style seating make the Premium package shine. A GT Sport steering wheel, enlarged driver’s instrument cluster make the Porsche 911 one awesome driving vehicle. The Targa ...

Blinken announces $150M in aid for Syrians, Iraqis at Saudi meeting on fighting Islamic State group

Published Mon, 16 Dec 2024 13:04:49 GMT

DUBAI, United Arab Emirates (AP) — Secretary of State Antony Blinken said Thursday that the U.S. would provide nearly $150 million in aid for areas in Syria and Iraq that were liberated from the Islamic State extremist group.He spoke at a ministerial conference hosted by Saudi Arabia on combatting the group, which no longer controls any territory — but whose affiliates still carry out attacks across Africa, Asia and the Middle East. The Global Coalition to Defeat ISIS includes more than 80 countries and continues to coordinate action against the extremist group, which at its height controlled large parts of Syria and Iraq. Blinken said the U.S. pledge is part of new funding amounting to more than $600 million.“Poor security and humanitarian conditions. Lack of economic opportunity. These are the fuel for the kind of desperation on which ISIS feeds and recruits,” he said in brief remarks at the opening of the conference, using a common acronym for the extremist group. “So we have to ...

Pope in ‘good general condition’ after surgery to remove intestinal scar tissue, repair hernia

Published Mon, 16 Dec 2024 13:04:49 GMT

ROME (AP) — Pope Francis’ was in “good general condition” Thursday, alert and breathing on his own following a three-hour operation to remove intestinal scar tissue and repair a hernia in his abdominal wall, the Vatican said.The 86-year-old Francis rested “extensively” during a peaceful night and was spending his first day after the surgery observing the “necessary post-operative rest,” the Vatican said in a statement.“The pope is informed of the messages of closeness and affection that have come in the last few hours and expresses his gratitude, while asking for continued prayers for him,” the statement said.Francis was admitted to Rome’s Gemelli hospital Wednesday for his second major abdominal operation in two years, following a 2021 procedure to remove part of his colon. Doctors revealed that in addition to that 2021 operation, Francis had undergone previous abdominal surgeries sometime before 2013 in his native Argentina, which had also caused intestinal scarring.Du...

Europe’s economy shrank. For households that are hurting, it’s just numbers

Published Mon, 16 Dec 2024 13:04:49 GMT

LONDON (AP) — The European economy contracted slightly at the end of last year and beginning of 2023, revised figures showed Thursday, underlining the impact of the loss of Russian natural gas and high inflation on consumer spending.Economic output in the 20 countries that use the euro currency dropped 0.1% in both the final three months of 2022 and first three months of this year from the previous quarters, according to the European Union’s statistics agency Eurostat. That means the eurozone endured two consecutive quarters of decline, which is one definition of recession often used in political and economic discussions, dubbed a “technical” recession. However, the economists on a panel that declares eurozone recessions use a broader set of data, including unemployment figures. And European labor markets have held up to recent economic shocks: Unemployment is at its lowest level since before the creation of the euro in 1999, hitting 6.5% in April.The small shift in numbers doesn’t ...

India not planning to invite Ukraine to G20 summit in September

Published Mon, 16 Dec 2024 13:04:49 GMT

NEW DELHI (AP) — India is not planning to invite Ukraine to the summit of the Group of 20 industrialized and developing nations in September, its external affairs minister said Thursday.“In our view, G20 participation is for members and organizations we have invited. That list we declared as soon as we assumed the G20 presidency” in December, Subrahmanyam Jaishankar told reporters.Ukraine is not a G20 member, while Russia with whom it is fighting a war is part of the grouping. India has avoided condemning Russia’s war in Ukraine and has sought to end it through diplomacy and dialogue.“It is not something that we have reviewed and it is not something very honestly which we have discussed with anybody,” Jaishankar said.The Ukraine war and the disruption in global food and fuel supplies are expected to be high on the agenda of the G20 summit in New Delhi.Zelenskyy was invited to participate in last year’s G20 summit in Bali, Indonesia.Indian Prime Minister Narendra Modi met with ...

EU Commission proposes common ethics body for all EU officials in wake of corruption scandal

Published Mon, 16 Dec 2024 13:04:49 GMT

BRUSSELS (AP) — The European Union’s executive arm proposed Thursday to create an ethics body that would set up common rules of conduct for institutions after the 27-nation bloc was rocked last year by a cash-for-influence scandal.European Commission president Ursula von der Leyen supported its creation when she took office back in 2019, and her services stepped up action after the so-called Qatargate scandal shattered the EU Parliament.The EU does not currently have comprehensive lobbying regulations and the Commission’s proposal would establish common standards for all EU politicians when it comes to gifts, hospitality and travel offered by third parties.“Standards will also apply to the acceptance of awards, decorations, prizes or honors,” the Commission said.The body would also set transparency rules for meetings with interest representatives, activities of EU officials after they leave office, and how they declare their interests and assets. Anti-corruption official...