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Inflation in the eurozone reaches new record high of 8.6%

Soaring energy prices have pushed inflation across the eurozone to a new high of 8.6% in June.The record-breaking figure, up from 8.1% in May, spells bad news for the European economy, which is currently dealing with several challenges at the same time: the war in Ukraine, dwindling supplies of Russian gas, global food insecurity, disrupted supply chains and the ripple effects from stringent lockdowns in China.

No EU country is spared from the pains of inflation, which has never been been so high in the history of the single currency. The phenomenon has become an extremely pressing and intricate challenge for policymakers, companies and consumers.

Read more here.

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What do you need to know about neural machine translation?

​On the 20 of July the workshop on machine translation engines will take place in Barcelona, SpainThis practical session dwells into the world of NMT, by allowing attendees to learn more about this issue with the resources from the European project MultitraiNMT and the Connecting Europe Facility.

In Neural machine translation words are transcribed into vectors, each with a unique magnitude and direction, in a process of encoding and decoding. The engine analyses the source text input, encodes it into vectors, then decodes it into target text by predicting the likely correct translation.

Register here.

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