Catch up with the most important stories from around Europe and beyond - latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.
Category
🗞
NewsTranscript
00:00Rescuers in Valencia are still working to find survivors following flash floods that
00:06claimed at least 95 lives.
00:11The United States has accused Israel of not doing enough to address concerns over strikes
00:17on Gaza.
00:21Kamala Harris and Donald Trump have made their final pitches to voters across the US swing
00:27states.
00:36Residents of Valencia woke up to scenes of devastation on Thursday after villages were
00:41wiped out by monstrous flash floods that claimed at least 95 lives.
00:46The death toll is expected to rise further as search efforts continue with an unknown
00:51number of people still missing.
00:54It is the worst natural disaster to hit Spain this century, with scenes eerily similar to
00:59damage left by a hurricane or tsunami.
01:03Wrecked cars and trucks piled up along the highways and a thick layer of mud covered
01:09many streets as Spanish military personnel worked to clear flooded areas.
01:14Over a thousand soldiers joined local emergency workers to search for bodies and survivors.
01:21Millions of people were left without water and electricity and parts of the region were
01:25isolated as roads were cut off and train lines disrupted.
01:29Spain's government declared three days of mourning starting on Thursday.
01:39The United States has accused Israel of not doing enough to answer international concerns
01:45over indiscriminate strikes on Gaza.
01:49They are not doing enough to get us the answers that we have requested.
01:54There are significant questions that you all ask that other countries have asked that we
01:58believe Israel needs to answer publicly.
02:01Mueller went on to say that the situation surrounding humanitarian aid provided by Israel
02:07to civilians in Gaza is not at a level the US finds acceptable.
02:14Meanwhile, Israel's military chief says the Israel Defense Force needs to be larger as
02:19the war expands to different fronts.
02:23It comes as international mediators have launched a new push for negotiated ceasefires in Lebanon
02:29and Gaza, with senior White House officials scheduled to visit Israel on Thursday.
02:35Discussions surrounding a two-state solution to the crisis have also begun in Saudi Arabia,
02:41which is hosting the first meeting of a new global alliance to press for the establishment
02:46of a Palestinian state.
02:53North Korea launched a new intercontinental ballistic missile on Thursday in a test that
02:58saw record height and flight time recorded in a year.
03:02South Korea and Japan both detected the firing of what they suspected was a new, more agile
03:07weapon aimed at threatening mainland United States.
03:11South Korea's Joint Chief of Staff spokesperson also warned against Russia possibly providing
03:16materials and information to North Korea.
03:19There were many reports that Russia was planning to transfer its technology to a military reconnaissance
03:27missile.
03:28However, the development of ICBM has already progressed considerably and has been completed.
03:37This comes as Washington warned that North Korean troops in Russian uniforms are heading
03:50towards Ukraine, a move condemned by NATO's Secretary General as a dangerous expansion
03:56of the ongoing war.
04:00U.S. presidential candidates Kamala Harris and Donald Trump have made their way across
04:05several swing states as they continue appealing to voters with less than a week to go until
04:11the election.
04:15After being confronted by pro-Palestine protesters at all three of her events on Wednesday, Harris
04:21told voters in Wisconsin she is looking for common ground with people who disagree with
04:26her.
04:27Unlike Donald Trump, I don't believe people who disagree with me are the enemy.
04:35He wants to put them in jail.
04:37I'll give them a seat at my table.
04:40Meanwhile, Donald Trump has continued to seize on the controversial comments made by President
04:45Joe Biden on Tuesday, boarding a white garbage truck after his arrival in Green Bay, Wisconsin.
04:53Joe Biden should be ashamed of himself if he knows what he's even doing, and she should
04:57be ashamed because she shouldn't let him do it.
05:00She's the vice president, but I assume she's acting as the president.
05:04She should never have let that happen.
05:06I hope you enjoy this garbage truck.
05:09Both candidates made a campaign stop in North Carolina earlier in the day, and Kamala Harris
05:15also traveled to Harrisburg, Pennsylvania, where she urged voters to cast their ballots
05:20early.
05:25Volkswagen said significant cost cuts are urgently needed as the company reported a
05:29steep decline in third-quarter earnings on Wednesday.
05:34Meanwhile, the car manufacturer faces angry employee representatives due to the possibility
05:39of plant closures in Germany.
05:42The situation is getting worse.
05:46We are concerned about the development of the automotive industry in Europe, and especially
05:51at the German location.
05:55The latest reports of our competitors also show this.
05:59The company reported net profit of 1.58 billion euros for the July-September period, which
06:12is a 64 percent decline from 4.35 billion euros a year earlier.
06:20Volkswagen already terminated its job protection pledge that was in force since 1994.
06:48As new competitors enter European markets, and the fundamental technologies of the automobile
06:52industry are rapidly changing, Germany's position as a manufacturing location is deteriorating.
07:00European brands are facing increased competition, especially from inexpensive Chinese electric
07:05cars.
07:11Volkswagen has just announced the closure of three plants in Germany, while Audi will
07:16stop production at a factory in Belgium.
07:20The European automotive sector seems to be in crisis.
07:24But the German industry sees itself in a transition period with the switch to electric cars.
07:30This comes, however, at a high cost as EV car production requires fewer employees overall
07:35than in the past.
07:38According to a new study, the transformation of the German automotive industry could lead
07:43to 186,000 job losses over the next 10 years, and a quarter of those have already been lost.
07:51The German Association of the Automotive Industry thinks that other jobs will be created, but
07:56this requires to work on competitiveness.
08:00In the future, the attractiveness of the location site decides where investments are made and
08:08where future jobs will be established.
08:11Yes, there will be jobs that won't be needed that much anymore, but with the digital era
08:16and everything concerning software, but also the electric mobility itself, of course, there
08:21will be a lot of new jobs created.
08:24So we need to make sure that Europe, that Germany has the attractiveness, the competitiveness
08:30that the investments are made here.
08:34According to German car makers, the key to this is cheaper energy, which is four times
08:39more expensive in Europe than in China and the United States.
08:43On the other hand, they disagree with the European tariffs on electric cars made in
08:47China that have just entered into force.
08:50But according to the NGO Clean Transport, the new tariffs will give the sector breathing
08:55space during the switch.
08:58The tariffs will not change the entire dynamics completely.
09:02Maybe instead of importing those electric vehicles from China, we will see a lot more
09:07factories here in Europe where Chinese manufacturers are producing those vehicles locally, which
09:13can also be good news for Europe.
09:15In terms of pricing, there might be indeed some short-term effects where maybe there's
09:21less vehicles available, very short-term, for example, or the prices are a bit higher.
09:25But generally it's very hard to say because it really depends on the pricing strategies
09:29of Chinese car makers, and a lot of them have very comfortable profit margins.
09:34According to the expert, policy makers and the European Commission have an important
09:38role to play in simplifying the business environment for green industry.
09:43But it is also important to convince people to switch to green vehicles as quickly as
09:48possible.
09:49Sales of new cars have fallen sharply, 18.3% fewer than in the same period last year.
09:56As for electric cars, sales are stagnant in Europe but growing globally.
10:05China filed a lawsuit against the European Union before the World Trade Organization
10:10over the steep tariffs the bloc has slapped on its electric vehicles.
10:15Brussels argues the electric vehicles benefit from excessive subsidies to retail at artificially
10:20low prices in global markets.
10:23The new duties come on top of an existing 10% levy and are being collected as of Wednesday
10:28the 30th of October.
10:34This is a typical trade protectionist act.
10:38It will damage the cooperation between China and Europe's industrial chain and supply chain,
10:43damage the interests of European consumers, damage the efforts of the EU on green transformation
10:49and global climate change.
10:55Designed by the European Commission to offset Beijing's financial aid and prevent EU firms
11:00from being pushed out of the lucrative electric vehicle sector, the trade measures will remain
11:04in place for five years.
11:21China has previously threatened retaliation against the EU's dairy, brandy and pork industries,
11:26moves that Brussels has denied as unwarranted.
11:30The ministry stressed its willingness to continue negotiations with the Commission to achieve
11:34a solution as soon as possible that could reverse the tariffs.