Author: Euronews

The European Parliament is establishing new political groups and leadership, with the first constituent plenary session on 16-19 July – Euronews has earmarked MEPs likely to shape economic and finance policy in the new assembly. ADVERTISEMENTA new parliament is being shaped around the powerful central European People’s Party group with its coalition Socialist & Democrat, green and liberal allies, but with a strengthened far right adding fresh impetus and uncertainty to the process – all of which could affect the development of financial policies over the next five years.  While there is growing desire among lawmakers to focus more on…

The Transportation Department said Thursday that it fined Middle Eastern airline Emirates €1.6 million ($1.8m) for flights in regions off-limits to US airlines while it allowed JetBlue Airways to sell seats on the planes. Source link

Leaders of the Group of Seven leading industrialised nations are now turning their attention to migration on the second day of their summit on Friday. Source link

Global markets were mixed this week as European stocks tumbled on political turmoil, while Wall Street hit a new high fueled by a tech rally. ADVERTISEMENTThe European stock markets are poised to end the week on a negative note due to political uncertainties, despite a short-lived rebound induced by the Federal Reserve (Fed). In contrast, Wall Street maintained its bullish momentum, driven by a tech rally. Meanwhile, Asian stock markets were affected by declining metal prices and subdued Chinese economic data. EuropeMajor European benchmark indices declined for the week following a surprising surge in far-right power in the EU Parliamentary Elections.…

Allies are expecting to agree on a new system for backing the war effort after several months where the future of western support seemed well short of certain. Source link

As retaliation for the EU’s tariffs on Chinese electric vehicles, China could potentially slap duties on things like European pork and dairy products, as well as brandy and luxury goods. Source link

ADVERTISEMENTFive candidates have been nominated by the far-right Freedom Party of Geert Wilders to become ministers on Asylum and Migration, Foreign Trade and Development Cooperation, Infrastructure, Economic Affairs, and Healthcare in the incoming Dutch government.The coalition government is dominated by Wilders’ radical right-wing PVV, which is joined by the liberal VVD, conservative NSC, and farmers’ party BBB. Elections were held in November last year, in which the PVV almost doubled its seats to 37 of the 150-seat parliament, compared to the previous vote in 2021. The incoming administration, set to take office on June 26, will be headed by independent prime…

Wimbledon is serving up a record prize pot for its Championships this year with even a first-round loser collecting a consolation prize of £60,000. Source link

Allies are expecting to agree on a new system for backing the war effort after several months where the future of western support seemed well short of certain. Source link

Carlos Slim who is Latin America’s richest man has disclosed a 3.2% stake in the FTSE 100 company, making him one of its largest shareholders. With the purchase by Slim’s family business, Inbursa, he becomes the latest high profile investor in the telecoms group. Source link