Author: Euronews

The Italian activist and newly elected MEP, Ilaria Salis, was accused of assaulting far-right protesters, facing a potential 20-year sentence. She will be freed under MEP immunity. Source link

The outcome of the EU Parliamentary Elections and the Federal Reserve’s (Fed) interest rate decision are set to shape the market trends this week. ADVERTISEMENTSome significant events and economic data are poised to dominate market movements this week. Firstly, the outcome of the EU Elections is expected to shape equity market trends across the eurozone and impact the single currency. Additionally, the Fed is scheduled to decide on the interest rate, a pivotal event for global markets, following the European Central Bank’s rate cut last week. EuropeAfter the European stock market reached a record high last week, the outcome of the…

By delivering a clear message of support and following these words with action, Germany and other European leaders can support millions at risk of famine worldwide and put an end to Putin’s attempts to drive a wedge between Africa and Europe, Neven Mimica writes. Source link

The euro slumps against most of its G-10 currency counterparts as the French President called a snap election, and the far right gained seats in the European Parliament ADVERTISEMENTThe euro, serving as the official currency for 20 members of the European Union, has seen a sharp decline since Friday as uncertainties arise following Macron calling a snap election in response to a surge in support for the far-right Rassemblement National in France. Elsewhere in Europe the far-right parties gained support, although Ursula von der Leyen’s European People’s Party gained seats and remains the strongest party. At 12:48 am Central European Time,…

The Green Deal has been “too ideologically driven” and needs to be rethought to emphasise the “competition angle,” says Thanasis Bakolas. ADVERTISEMENTThe centre-right European People’s Party will not seek to strike a formal deal with Giorgia Meloni and her hard-right European Conservatives and Reformists (ECR) group, neither to re-elect Ursula von der Leyen nor to underpin a governing majority in the next mandate, the EPP’s secretary general said a day after the elections.The polls saw the EPP conquer with 186 seats, far ahead of the 135 obtained by the Socialists and Democrats (S&D) group and the 79 of the liberal…

Italian energy company Nucleo confirms it is seeking to build 20 mini reactors in the United Kingdom. ADVERTISEMENTNucleo says it is aiming to take advantage of plans for nuclear power expansion in the UK and wants to build 20 mini reactors at various locations on six sites close to energy intensive industries. The plants would be powered by plutonium, a fuel not currently used in the UK and mainly associated with nuclear weapons, according to the Telegraph report. The company said it wanted to build near dense population centres, following the UK government’s recent relaxation of rules restricting nuclear developments to…

Prime Minister Giorgia Meloni’s Fratelli d’Italia party has won European elections in Italy with a whopping 28% of votes. Analysts say she secured herself as kingmaker in the European Parliament. Source link

European assets face a risk-off session post-weekend’s parliamentary elections. The euro saw the worst two-day performance against the dollar since February 2023. All European indices were in negative territory. ADVERTISEMENTEuropean assets experienced a risk-off session following the results of the weekend’s Parliamentary Elections.The euro decreased by 0.6% against the US dollar, reaching 1.0760 by 1:10 pm CMT. This, combined with last Friday’s 0.8% drop, marked the single currency’s worst two-day performance since early February 2023.In the equity market, all European indices traded in negative territory. Paris’ CAC 40 was the hardest hit, down 1.7%, on track for its worst session…

Socialists manage to secure seats as voters reject current governments. ADVERTISEMENTOne group that failed to resonate with voters in the European Parliament elections is the left-wing European United Left/Nordic Green Left (GUE/NGL). It saw its seats diminish to 36, from 41 in 2019, according to the latest projections. It did, however, get unexpected support in Finland and Denmark, where the extreme left – as well as the Socialists and Democrats and Greens – made some big wins. Finland saw a surprise rise of the socialist Left Alliance (Vasemmistoliitto): the party gained 17.3% of the vote. Party leader Li Andersson, a 37-year old former…

EU countries are offering incentives such as tax breaks, an easing of regulations in designated zones and support for battery factories to Chinese EV makers. Source link