Blog

  • Trump’s big spending bill heads to final vote in US House

    Trump’s big spending bill heads to final vote in US House

    Final vote expected on Trump’s signature billpublished at 09:01 British Summer Time

    James FitzGerald
    North America reporter

    US President Donald Trump’s mega-bill on tax and
    spending could soon become law, with a final vote expected in the coming hours
    in the House of Representatives, the lower chamber of Congress.

    Trump’s bill, which could define his second presidency,
    has faced an uneasy passage so far.

    Several members of his own Republican Party
    have joined opposition Democrats in criticising the bill for a variety of
    reasons – including the impact on US national debt, and healthcare.

    However, in the past hour, those Republican holdouts flipped
    – meaning that a key procedural hurdle was passed, setting up the final ballot.

    That will be welcome news for the president, who has personally
    put pressure on rebel Republicans to try to get this sprawling legislation signed
    off by Friday – when the US celebrates Independence Day.

    The ongoing proceedings represent the second gruelling overnight
    session for Congress members this week, after the bill ground through the
    upper chamber, or Senate, about 24 hours ago.

    Continue Reading

  • Advancing Resilience Capabilities: UNDRR Release Resilience Maturity Assessment

    Advancing Resilience Capabilities: UNDRR Release Resilience Maturity Assessment

    The United Nations Office for Disaster Risk Reduction (UNDRR) has released a free to use Resilience Maturity Assessment (ReMA) tool[1] to evaluate and enhance organizations’ capacity to withstand disruptions and adapt to change.

    The assessment tool was developed by UNDRR and the Corporate Chief Resilience Officers (CCRO) network through consultations with a diverse range of stakeholders. It features a straightforward, checkbox-style assessment that benchmarks resilience maturity across six core pillars of resilience, and offers targeted improvement guidance, including practical templates and resources to support enhancement efforts.

    The assessment’s six pillars of resilience are policy and governance, leadership and culture, organization, capacity, operating model, and value chain. Practitioners are asked up to three questions on each pillar, for example, value chain measures the ability to meet client obligations and supply chain resilience. Final scores are measured on 1-4 basis, and scores falling short of full marks offer suggestions to improve. For example, a supply chain level 3 score produced recommendations including ‘Consider the risks and cost benefits/drawbacks of diverse suppliers against single suppliers with better pricing’.​

    Alongside the guidance, relevant templates are included to support and enhance implementation, as well as benchmarking against specific sectors or regulations for meaningful measurements that are scalable across industries.

    The ReMA tool is particularly valuable given that BCI research[2] shows one-third of organizations (33.3%) do not use any specific performance indicators to measure resilience. This highlights the current challenges in standardising resilience measurement and the need for more effective, data-informed approaches.

    The Resilience Framework 1.0

    Last year the BCI released the Resilience Framework 1.0, a strategic guidance and framework cycle that organizations can use to ensure resilience is strategically led, clearly defined, and aligned with an organization’s realities for long-term effectiveness. It is aimed at top leadership and based on guiding fundamental concepts in the form of eight core principles, with a cycle to help implement them in a structured way,

    The Resilience Framework and the UNDRR’s ReMA are grounded in the same principles. Both emphasise the importance of leadership, clear direction, comprehensive understanding, collaboration, strategic planning, adaptability, and continuous improvement in building resilience. The Resilience Framework serves as an in-depth strategic resource for leadership, while the ReMA resource is designed with a more practical, operational approach focused on measuring and enhancing resilience within operational environments.

    As global resilience tools, both are designed for repeated use and offer structured support to professionals working to strengthen resilience and, with research showing global operational resilience programmes have increased 10% on last year[3], the need for good quality guidance is clear.  Used together, these tools can enhance resilience programmes from strategic leadership to boots-on-the-ground implementation.

    Advocating for globally relevant resources

    The BCI is an advocate for innovative, globally relevant tools that organizations of all sizes, sectors, and locations can use to assess, measure, and strengthen their resilience. Building resilience is a continuous endeavour, and tools such as ReMA play a vital role in guiding organizations as they strengthen and adapt over time, developing their resilience capabilities and responding effectively to emerging risks in the disruptive environment of evolving global change.

    More on

    Continue Reading

  • Forever Chemicals Linked to Anxiety and Memory Issues

    Forever Chemicals Linked to Anxiety and Memory Issues


    Register for free to listen to this article

    Thank you. Listen to this article using the player above.


    Want to listen to this article for FREE?


    Complete the form below to unlock access to ALL audio articles.

    “Forever chemicals” or per- and polyfluoroalkyl substances (PFAS) have been widely used in consumer and industrial products for the better part of a century, but do not break down in the natural environment. One PFAS, perfluorohexanoic acid or PFHxA, is made up of a shorter chain of molecules and is thought to have less of an impact on human health. New research from the Del Monte Institute for Neuroscience at the University of Rochester suggests otherwise, finding that early life exposure to PFHxA may increase anxiety-related behaviors and memory deficits in male mice.

    “Although these effects were mild, finding behavioral effects only in males was reminiscent of the many neurodevelopmental disorders that are male-biased,” said Ania Majewska, PhD, professor of Neuroscience and senior author of the study out today in the European Journal of Neuroscience. Research has shown, males are more often diagnosed with neurodevelopmental disorders such as autism and ADHD. “This finding suggests that the male brain might be more vulnerable to environmental insults during neurodevelopment.”

    Researchers exposed mice to PFHxA through a mealworm treat given to the mother during gestation and lactation. They found that the male mice exposed to higher doses of PFHxA in utero and through the mother’s breastmilk showed mild developmental changes, including a decrease in activity levels, increased anxiety-like behaviors, and memory deficits. They did not find any behavioral effects in females that were exposed to PFHxA in the same way.

    “Finding that developmental exposure to PFHxA has long-term behavioral consequences in a mammalian model is concerning when considering short-chain PFAS are thought to be safer alternatives to the legacy PFAS that have been phased-out of production,” said Elizabeth Plunk, PhD (’25), an alumna of the Toxicology graduate program at the University of Rochester School of Medicine and Dentistry and first author of the study. “Understanding the impacts of PFHxA on the developing brain is critical when proposing regulations around this chemical. Hopefully, this is the first of many studies evaluating the neurotoxicity of PFHxA.”

    Researchers followed these mice into adulthood and found that in the male mice PFHxA exposure affects behavior long after exposure stops, suggesting that PFHxA exposure could have effects on the developing brain that have long-term consequences.

    “This work points to the need for more research in short-chain PFAS. To our knowledge, PFHxA has not been evaluated for developmental neurobehavioral toxicity in a rodent model,” said Majewska. “Future studies should evaluate the cellular and molecular effects of PFHxA, including cell-type specific effects, in regions associated with motor, emotional/fear, and memory domains to elucidate mechanistic underpinnings.”

    Despite its shorter chain, PFHxA has been found to be persistent in water and was restricted by the European Union in 2024. This follows years of restrictions on longer chain PFAS. Last year, the Environmental Protection Agency set its first-ever national drinking water standard for PFAS, which will reduce PFAS exposure for millions of people. PFAS are man-made chemicals that have the unique ability to repel stains, oil, and water have been found in food, water, animals, and people. They are linked to a range of health issues, including developmental issues in babies and kidney cancer.

    Reference: Plunk EC, Manz KE, Gomes A, Pennell KD, Sobolewski ME, Majewska AK. Gestational and lactational exposure to perfluorohexanoic acid affects behavior in adult male mice: a preliminary study. Eur J of Neuroscience. 2025;62(1):e70174. doi: 10.1111/ejn.70174

    This article has been republished from the following materials. Note: material may have been edited for length and content. For further information, please contact the cited source. Our press release publishing policy can be accessed here.

    Continue Reading

  • Best Apple Watch deal: Save $100 on Apple Watch Series 10

    Best Apple Watch deal: Save $100 on Apple Watch Series 10

    SAVE $100: As of July 3, the Apple Watch Series 10 is on sale for $299 at Amazon — down from $399. That’s 25% off the list price.


    If you’ve been holding out for a truly great Apple Watch deal, your patience just paid off. The Apple Watch Series 10 has dropped to $299 at Amazon in an early Prime Day deal — a hefty 25% discount from its usual $399 price tag, and according to price tracker camelcamelcamel, this is the lowest price on record.

    Mashable Apple expert hand-picked this deal as the standout option ahead of Prime Day 2025.

    The standout option here features a rose gold aluminium case paired with a plum sport loop — sleek, stylish, and the best value you’ll find. Other variants like the jet black model or the rose gold case with a light blush sport band are currently $329, while the silver case with a denim sport band lands at $319. That makes the rose gold and plum combo your best bet by far — if you act quick.

    SEE ALSO:

    The best Apple deals live ahead of Prime Day: Get the Apple Watch at its lowest price ever

    Aside from the eye-catching design, you’re getting all the latest iterations of the top-tier features Apple’s wearables offer. The Series 10 boasts a 30% larger screen, a thinner and lighter case, and super-fast charging that gets you to 80% battery in just 30 minutes. It’s packed with advanced health features, from ECG capabilities to menstrual cycle tracking, and even sleep apnea notifications via the new Vitals app.

    Fitness junkies will appreciate deeper workout insights, customizable activity rings, and even water depth and temperature tracking for swimmers. And of course, all the Apple Watch essentials are here — texts, calls, Siri, Apple Pay, and seamless integration with your iPhone.

    It’s also crack-resistant, dust-resistant, and carbon-neutral when paired with select bands.

    Mashable Deals

    While we don’t deem the Apple Watch Series 10 as an essential upgrade “if you already own the Series 9”, we do think it’s a “good place to start” if you’ve never owned an Apple Watch before.

    If you’re curious about what to expect from Prime Day, check out our full Prime Day 2025 guide with all you need to know. What’s more, take a look at our standout early discounts.

    The best early Prime Day deals, hand-picked by Mashable’s team of experts

    Continue Reading

  • Metformin vs Lifestyle: 20-Year Diabetes Study Results

    Metformin vs Lifestyle: 20-Year Diabetes Study Results


    Register for free to listen to this article

    Thank you. Listen to this article using the player above.


    Want to listen to this article for FREE?


    Complete the form below to unlock access to ALL audio articles.

    In the early 2000s the U.S. Diabetes Prevention Program (DPP), a large randomized clinical trial, showed that intensive lifestyle modification was better than a medication called metformin at preventing at-risk patients from developing Type 2 diabetes.

    In a newly completed follow-up study, a team of researchers including Vallabh “Raj” Shah, professor emeritus in The University of New Mexico Departments of Internal Medicine and Biochemistry & Molecular Biology at the School of Medicine, found that the health benefits from the lifestyle intervention persisted more than 20 years later.

    In a paper published in The Lancet Diabetes & Endocrinology, they reported that the greatest results from both interventions were seen in the first few years of the study, and they were durable, Shah said. “The data suggests that those people who didn’t get diabetes also didn’t get diabetes after 22 years,” he said.

    The DPP was launched in 1996 to compare the benefits of metformin – then newly approved by the FDA to treat Type 2 diabetes – and a lifestyle modification regimen that included exercise and a healthy diet. The study enrolled 3,234 patients with prediabetes at 30 institutions in 22 states.

    The intensive lifestyle intervention reduced the development of diabetes by 24%, and metformin reduced diabetes development by 17%, according to the new study. The DPP had previously found that after the first three years of study, the lifestyle intervention of moderate weight loss and increased physical activity reduced the onset of Type 2 diabetes by 58% compared with a placebo medicine, while metformin reduced development of diabetes by 31%.

    Compared with the original placebo group, the median time without diabetes was extended by three-and-a-half years in the lifestyle group and two-and-a-half years in the metformin group.

    “Within three years, they had to stop the study because lifestyle was better than metformin,” Shah said. “That means lifestyle, which everybody is banking on, is more effective – that is the news.”

    But because a wealth of health and biological data had already been collected for patients participating in the project, the DPP was repurposed into the DPP Outcomes Study (DPPOS), enabling researchers to follow their health outcomes in multiple domains over a period of decades, he said.

    Shah has contributed to kidney disease research for more than three decades, conducting multiple studies at Zuni Pueblo and other American Indian communities in western New Mexico. He has also overseen the participation of the American Indian cohort enrolled in the DPPOS. Meanwhile, David Schade, MD, chief of the Division of Endocrinology in the UNM School of Medicine, recruited New Mexico participants in the study.

    More recently, he said, DPPOS researchers have taken advantage of their large, well-documented cohort to repurpose the study to focus on diseases associated with aging, such as cancer and dementia, Shah said.

    Reference: Knowler WC, Doherty L, Edelstein SL, et al. Long-term effects and effect heterogeneity of lifestyle and metformin interventions on type 2 diabetes incidence over 21 years in the US Diabetes Prevention Program randomised clinical trial. Lancet Diabetes Endocrinol. 2025;13(6):469-481. doi: 10.1016/S2213-8587(25)00022-1

    This article has been republished from the following materials. Note: material may have been edited for length and content. For further information, please contact the cited source. Our press release publishing policy can be accessed here.

    Continue Reading

  • Islamabad makes helmet mandatory for pillion riders

    Islamabad makes helmet mandatory for pillion riders

    A person hold a motorcycle on the way at Karnal Sher Khan Shaheed Road in Islamabad on January 30, 2025. — Online

    ISLAMABAD: In a move aimed at improving the safety of commuters in the federal capital, the authorities have made helmet mandatory for motorcyclists and pillion passengers.

    “The decision will be implemented after a two-week awareness campaign [after which] a fine will be imposed on both riders and pillion passengers for not wearing helmets,” said Islamabad Chief Traffic Officer (CTO) Zeeshan Haider on Thursday.

    With the requirement equally applying to both male and female motorcyclists, the official said that the move will increase the survival rate in accidents by 50%.

    The development comes as motorcycles are a key source of affordable commute for people in the country, where over 40% of the population lives below the World Bank’s newly updated international poverty line, set at $4.20 per person per day.

    However, despite proving to be a rather resourceful and practical means of travel, motorcycles are prone to accidents, which often prove to be fatal, occurring due to various reasons, including driver negligence and lack of safety measures such as helmets.

    Even if the motorcycle rider is wearing a helmet, passengers rarely wear it — exposing them to harmful injuries and even death in case of an accident.

    This is reflected in Karachi’s traffic situation where over 370 people have died and more than 5,500 have been wounded in various road accidents across Karachi — most of which involved motorcycle accidents — so far this year.

    Meanwhile, the death toll from heavy traffic in the ongoing year stands at 138.

    In 2024, the city recorded 775 deaths and 8,111 injuries from road accidents, the rescue sources said. 


    Continue Reading

  • Recasting the role of oxidants in methane pyrolysis | Research

    Recasting the role of oxidants in methane pyrolysis | Research

    Incorporating small amounts of oxidants into methane pyrolysis can significantly enhance carbon and hydrogen production and sustain catalyst activity. Given oxidants are normally considered contaminants in methane pyrolysis, the work calls into question long-standing beliefs about the process.

    Methane pyrolysis uses heat to break methane down in the absence of oxygen, generating hydrogen gas and solid carbon. Adding a catalyst lowers the required temperature and speeds up the reaction. It’s a promising route to low- or zero-emission hydrogen, with the added benefit of fitting into existing infrastructure, making it potentially easy to scale. Plus, the solid carbon byproduct can be put to good use.

    Working with a fluidised bed reactor filled with Fe/Al₂O₃ catalyst at 750°C, Marco Gigantino, Henry Moise, and colleagues from Stanford University in the US, demonstrated that introducing just 5% carbon dioxide into the methane stream doubled the carbon yield over an hour of operation, with a corresponding hydrogen boost. This addition produced carbon monoxide as a byproduct. Microscopy showed that carbon dioxide enabled the formation of thick carbon layers prone to detachment via fluidisation, ideal for harvesting solid carbon without deactivating the catalyst.

    Adding water and oxygen yielded similar benefits. Optimal oxidant-to-methane ratios were determined for both carbon dioxide and water, each yielding over 30% more carbon than methane alone after 14 minutes. When tested on Ni/Al₂O₃ and Co/Al₂O₃ catalysts, the carbon dioxide co-feed continued to outperform methane-only conditions.

    Cementite (Fe3C) is a key intermediate in the breakdown of methane. Gigantino and co-workers identified that oxidants speed up the breakdown of cementite, boosting carbon production by regenerating active sites on the catalyst surface. This showed that the catalyst phases are in constant flux. However, at high oxidant levels, cementite transitions into iron oxides, which reduces catalyst activity – highlighting the need to carefully balance oxidant levels for efficient methane pyrolysis.

    Raman spectroscopy revealed a subtle shift in the carbon structure: oxidants promoted the removal of amorphous carbon, favouring the growth of graphitic materials, including carbon nanotubes. The team observed that this not only improved catalyst longevity but enhanced the quality of the solid carbon byproduct. They tested oxidant-assisted methane pyrolysis in monolithic reactors and observed that the results mirrored those in the fluidised bed: the experiments yielded higher conversion rates and greater carbon accumulation when using oxidant co-feeds.

    The team also studied the potential economic impact of including small amounts of oxidants. According to Gigantino, ‘higher profitability comes from needing to recycle less methane, which improves operating costs and overall process viability. Compared to steam methane reforming, this approach is also significantly less energy-intensive. We’re confident the energy penalty for separating small amounts of carbon monoxide is minor compared to the efficiency gains.’

    Chester Upham, a clean energy scientist from the University of British Columbia, Canada, describes the study as ‘a nice and interesting addition to the field of pyrolysis, which is rapidly growing in interest as a reaction and way of producing affordable clean hydrogen.’

    Continue Reading

  • Senegal Introduces Hexavalent Vaccine into its National Immunization Programme – GPEI

    Senegal Introduces Hexavalent Vaccine into its National Immunization Programme – GPEI

    Dakar – On July 1, 2025, Senegal officially launched the introduction of the hexavalent vaccine into its Expanded Program on Immunization (EPI). Following in Mauritania’s footsteps, Senegal is part of this regional dynamic of vaccine innovation. This vaccine is a combination that protects against six diseases: diphtheria, tetanus, whooping cough, hepatitis B, Haemophilus influenzae type B (Hib), and poliomyelitis. It replaces the pentavalent and inactivated polio vaccines (IPV), previously administered separately.

    The introduction of hexavalent meets three major scientific objectives. Firstly, to reduce the number of injections infants undergo at each visit: a single injection now replaces the two previously required for Penta and IPV. Secondly, to reinforce protection against polio by increasing the number of doses of inactivated vaccine from two to three before the age of 6 months. Thirdly, to introduce an essential booster dose at 15 months, in line with the latest recommendations from the World Health Organization (WHO), to consolidate herd immunity and optimize the vaccination schedule.

    This change is also a response to regional issues, as some derived poliovirus variants are still circulating in Africa, and the WHO recommends two-dose IPV coverage to deal with this.

    Funding for this introduction is provided mainly by Gavi, the Vaccine Alliance, which covers most of the costs associated with the supply of doses. The Senegalese government is contributing a further 20%, demonstrating its commitment to the sustainability of this program.

    This is a game-changer for children’s health in Senegal, as the teams not only protect children more effectively but also strengthen the fight against polio, which remains a global public health emergency of international concern.

    In his speech, Dr Ibrahima Sy, Minister of Health and Social Action, underlined the significance of this reform: “For the past 18 months, our teams have been working tirelessly to prepare this transition. Hexavalent embodies our commitment to offering Senegalese children simplified and reinforced protection. Thanks to this vaccine, we expect to avoid 2,300 hospitalizations a year from targeted diseases by 2030.” The Minister also paid tribute to the technical partners and health workers whose dedication has made this breakthrough possible.

    The WHO has played a central role in the success of this transition. Nearly 6,000 health workers, including district management teams (ECD) and regional management teams (ECR), have been trained in the specifics of the new vaccine. This intensive training covered the rigorous management of the cold chain, as hexavalent must be kept between +2°C and +8°C and never frozen. Agents were also certified on precise intramuscular administration techniques in the right thigh of infants, and on the protocol for monitoring benign side effects such as local redness or transient fever. To ensure a smooth transition, the WHO provided real-time monitoring tools enabling each vial to be traced throughout the country.

    WHO also supported the development of interpersonal communication materials, enabling health workers to better explain the change to parents, reassure them of the vaccine’s safety, and stress the importance of adhering to the vaccination schedule.

    Dr Jean-Marie Vianny Yameogo, WHO Representative in Senegal, hailed this historic milestone: “This launch marks 46 years of evolution for the Senegalese EPI. Hexavalent is not simply a scientific advance, it is an act of equity that protects every child, whatever their origin. By reducing the burden of preventable diseases, we are unleashing the potential of an entire generation.”

    As a long-standing EPI partner, UNICEF has also contributed to the supply, logistics, and awareness-raising around this essential vaccine. Dr Jacques Boyer, UNICEF Representative in Senegal, underlined: “This introduction marks a decisive turning point for the survival and well-being of children. By strengthening access to a more complete and convenient vaccine, we are bringing Senegal closer to a future where every child has an equal chance to grow up healthy.”

    This initiative positions Senegal as a key player in vaccine innovation in sub-Saharan Africa. By merging several antigens into a single product, the country is demonstrating how to optimize healthcare systems with limited resources. Reducing the number of injections not only improves the experience of children and parents, but also simplifies logistics, cuts storage costs, and boosts immunization coverage rates. According to projections, this strategy will make a significant contribution to achieving the goals of the WHO’s IA2030 Agenda, which aims to save 50 million lives through immunization by the end of the decade. Several neighboring countries, such as Côte d’Ivoire and Burkina Faso, are already studying this model for their own programs.

    Version française

    Continue Reading

  • Euro area quarterly balance of payments and international investment position: first quarter of 2025

    Nicht auf Deutsch verfügbar.

    3 July 2025

    • Current account surplus at €366 billion (2.4% of euro area GDP) in four quarters to first quarter of 2025, after a €319 billion surplus (2.2% of GDP) a year earlier
    • Geographical counterparts: largest bilateral current account surplus vis-à-vis United Kingdom (€196 billion) and largest deficit vis-à-vis China (€123 billion)
    • International investment position showed net assets of €1.61 trillion (10.5% of euro area GDP) at end of first quarter of 2025

    Current account

    The current account of the euro area recorded a surplus of €366 billion (2.4% of euro area GDP) in the four quarters to the first quarter of 2025, following a €319 billion surplus (2.2% of GDP) a year earlier (Table 1). This increase was driven by larger surpluses for goods (from €309 billion to €374 billion) and services (from €139 billion to €161 billion). These developments were partly offset by a lower surplus for primary income (from €37 billion to €10 billion) and a widening deficit for secondary income (from €166 billion to €179 billion).

    Estimates on goods trade broken down by product group show that in the four quarters to the first quarter of 2025, the increase in the goods surplus was mainly due to an increase in the surplus for chemical products (from 245 billion to €312 billion) and a reduction in the deficit for energy products (from €285 billion to €257 billion).

    The larger surplus for services in the four quarters to the first quarter of 2025 was mainly due to a widening surplus for telecommunication, computer and information services (from €179 billion to €214 billion) and a lower deficit for other business services (from €61 billion to €47 billion). These developments were partly offset by a larger deficit for charges for the use of intellectual property (from €99 billion to €131 billion).

    The decrease in the primary income surplus in the four quarters to the first quarter of 2025 was mainly due to smaller surplus in direct investment (from €101 billion to €53 billion) and a larger deficit in portfolio equity (from €172 billion to €200 billion). These developments were partly offset by a larger surplus in portfolio debt (from €58 billion to €86 billion) and other primary income (from €4 billion to €19 billion).

    Table 1

    Current account of the euro area

    (EUR billions, unless otherwise indicated; transactions during the period; non-working day and non-seasonally adjusted)

    Source: ECB.
    Notes: “Equity” comprises equity and investment fund shares. Goods by product group is an estimated breakdown using a method based on statistics on international trade in goods. Discrepancies between totals and their components may arise from rounding.

    Data for the current account of the euro area

    Data on the geographical counterparts of the euro area current account (Chart 1) show that in the four quarters to the first quarter of 2025, the euro area recorded its largest bilateral surpluses vis-à-vis the United Kingdom (€196 billion, down from €200 billion a year earlier) and Switzerland (€57 billion, down from €78 billion). The euro area also recorded surpluses vis-à-vis other emerging countries (€146 billion, down from €150 billion a year earlier), other advanced countries (€115 billion, up from €89 billion) and offshore centres (€68 billion, up from €54 billion). The largest bilateral deficit was recorded vis-à-vis China (€123 billion, up from €88 billion a year earlier) and a deficit was also recorded vis-à-vis the residual group of other countries (€110 billion, down from €124 billion).

    The most significant changes in the geographical counterparts of the current account components in the four quarters to the first quarter of 2025 relative to the previous year were as follows: in goods, the surplus vis-à-vis the United States increased from €184 billion to €253 billion, while the deficit vis-à-vis China widened from €119 billion to €160 billion. In services, the deficit vis-à-vis the United States increased from €127 billion to €172 billion, while the balance vis-à-vis offshore centres shifted from a deficit (€4 billion) to a surplus (€15 billion). In primary income, the surplus vis-à-vis the EU Member States and EU institutions outside the euro area increased from €17 billion to €41 billion, while in secondary income the deficit vis-à-vis this group increased moderately from €74 billion to €79 billion.

    Chart 1

    Geographical breakdown of the euro area current account balance

    (four-quarter moving sums in EUR billions; non-seasonally adjusted)

    Source: ECB.
    Note: “EU non-EA” comprises the non-euro area EU Member States and those EU institutions and bodies that are considered for statistical purposes as being outside the euro area, such as the European Commission and the European Investment Bank. “Other advanced” includes Australia, Canada, Japan, Norway and South Korea. “Other emerging” includes Argentina, Brazil, India, Indonesia, Mexico, Saudi Arabia, South Africa and Türkiye. “Other countries” includes all countries and country groups not shown in the chart, as well as unallocated transactions.

    Data for the geographical breakdown of the euro area current account

    International investment position

    At the end of the first quarter of 2025, the international investment position of the euro area recorded net assets of €1.61 trillion vis-à-vis the rest of the world (10.5% of euro area GDP), down from €1.78 trillion in the previous quarter (Chart 2 and Table 2).

    Chart 2

    Net international investment position of the euro area

    (net amounts outstanding at the end of the period as a percentage of four-quarter moving sums of GDP)

    Source: ECB.

    Data for the net international investment position of the euro area

    The €170 billion decrease in net assets was mainly driven by larger net liabilities in portfolio equity (up from €3.27 trillion to €3.68 trillion). This development was partly offset by increased reserve assets (up from €1.39 trillion to €1.51 trillion) and larger net assets in portfolio debt (up from €1.44 trillion to €1.54 trillion).

    Table 2

    International investment position of the euro area

    (EUR billions, unless otherwise indicated; amounts outstanding at the end of the period, flows during the period; non-working day and non-seasonally adjusted)

    Source: ECB.
    Notes: “Equity” comprises equity and investment fund shares. Net financial derivatives are reported under assets. “Other volume changes” mainly reflect reclassifications and data enhancements. Discrepancies between totals and their components may arise from rounding.

    Data for the international investment position of the euro area

    The developments in the euro area’s net international investment position in the first quarter of 2025 were driven mainly by negative exchange rate (€183 billion) and price changes (€105 billion), which were partly offset by positive other volume changes (€63 billion) and transactions (€55 billion) (Table 2 and Chart 3).

    At the end of the first quarter of 2025, direct investment assets of special purpose entities (SPEs) amounted to €3.71 trillion (29% of total euro area direct investment assets), slightly up from €3.70 trillion at the end of the previous quarter (Table 2). Over the same period, direct investment liabilities of SPEs increased from €3.15 trillion to €3.17 trillion (32% of total direct investment liabilities).

    Gross external debt of the euro area amounted to €16.97 trillion (111% of euro area GDP) at the end of the first quarter of 2025, up by €240 billion compared with the previous quarter.

    Chart 3

    Changes in the net international investment position of the euro area

    (EUR billions; flows during the period; non-working day and non-seasonally adjusted)

    Source: ECB.
    Note: “Other volume changes” mainly reflect reclassifications and data enhancements. 

    Data for changes in the net international investment position of the euro area

    Publication of new breakdowns of portfolio investment debt securities positions  

    This statistical release introduces, for the first time, additional breakdowns of portfolio investment debt securities positions. The dimensions covered (for assets, unless specified otherwise) include: (1) nominal valuation (assets and gross external debt indicators); (2) currencies (e.g. pound sterling, Swiss franc); (3) issuer country or entity (e.g. Cayman Islands or OPEC); (4) resident and counterpart issuer sectors (e.g. insurance corporations); (5) original and residual maturities across six brackets; (6) risk type using ratings (assets and liabilities); and (7) securities type (green bonds and other sustainable debt securities). Read more about the methodology in the following publication: The more the merrier: enhancing traditional cross-border portfolio investment statistics using security-by-security information.

    Data revisions

    This statistical release incorporates revisions to the data for the reference periods between the first quarter of 2021 and the fourth quarter of 2024. The revisions reflect revised national contributions to the euro area aggregates because of the incorporation of newly available information.

    Next releases

    • Monthly balance of payments: 18 July 2025 (reference data up to May 2025)
    • Quarterly balance of payments and international investment position: 7 October 2025 (reference data up to the second quarter of 2025)

    For queries, please use the Statistical information request form.

    Notes

    • Data are neither seasonally nor working day-adjusted. Ratios to GDP (including in the charts) refer to four-quarter sums of non-seasonally and non-working day-adjusted GDP figures.
    • Hyperlinks in this press release lead to data that may change with subsequent releases as a result of revisions.

    Continue Reading

  • Leica Q3 Now Supports Audio Recording Through USB-C From Compatible RØDE Microphones

    Leica Q3 Now Supports Audio Recording Through USB-C From Compatible RØDE Microphones

    The Leica Q3 premium full-frame compact camera now supports audio capture via USB-C from selected RØDE microphones, expanding their multimedia production potential.

    Leica has quietly expanded the capabilities of their flagship Q3 camera with a significant firmware update that enables audio recording through its USB-C port when paired with compatible RØDE microphones. This development transforms the already versatile (and some might say expensive) full-frame compact camera into a more comprehensive content creation tool.

    The new audio recording functionality works seamlessly with selected models from RØDE’s microphone lineup, allowing creators to capture “professional-quality” sound directly through the camera’s USB-C connection. Since we are now talking about a “digital sound path” (as opposed to using a 3.5mm cable), this integration opens the door to potentially better audio quality.

    Leica Q3 now compatible with RØDE mics via USB
    Leica Q3 now compatible with RØDE mics via USB. Credit: RØDE

    It looks as if Leica’s partnership with RØDE is particularly strategic, given the Australian company’s strong reputation among content creators and their extensive range of microphones designed for various recording scenarios. RØDE, on the other hand, is benefiting from being recognized by a top camera brand, Leica, as a leader in manufacturing audio devices for creators

    LEICA Q3 RØDE
    Wireless GO PRO connected to the Leica Q3 via a USB-C cable. Credit: RØDE

    Leica Q3 & RØDE – market positioning

    The audio recording capability shows Leica’s commitment to position the Q3’s as a premium hybrid camera capable of satisfying both still photography and video production. At its current price point ($6,735), the camera competes with high-end mirrorless systems from Sony and Canon, many of which already offer comprehensive audio recording features, although not through USB-C. Then again, a Leica is often considered a “passion camera” – and a status symbol – where features might sometimes be less important than prestige. So it’s nice to see Leica and RØDE step up the game technically as well.

    Availability and compatibility

    Firmware 3.1.1 update enabling USB-C audio recording is available now through Leica’s official website. RØDE, on the other hand, mentioned that the current microphones to be supported are the Wireless ME, Wireless GO II, Wireless PRO, VideoMic GO II, and the VideoMic NTG.

    Do you appreciate this type of new feature? Would you like to see wireless audio recording via USB implemented by other manufacturers? Please share your thoughts with us in the comment section below..


    Continue Reading