Author: Euronews

ADVERTISEMENT The European Union announced on Thursday a tentative agreement with China to alleviate restrictions the country had placed on critical exports of rare earths, which had caused alarm across the bloc and threatened to paralyse entire industries. The stringent curbs, which began in early April amid a trade spat with the United States, severely affected the global supply of seven rare earth elements and magnets needed for the defence, energy and automotive sectors. “These export controls have placed significant strain on some European companies,” said Ursula von der Leyen, the president of the European Commission, at the end of…

The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits continued to drop sharply in the latest quarter.

The European Commission is hardening its tone in response to Ukraine’s new law weakening the independence of two anti-corruption agencies.

Published on 23/07/2025 – 10:45 GMT+2 ADVERTISEMENT UniCredit S.p.A. has kicked off the European banking earnings season with a stellar performance, surpassing analyst expectations and raising its full-year guidance, buoyed by robust core revenues and pristine asset quality. The Milan-based lender posted a record net profit of €3.3 billion in the second quarter of 2025, lifting its first-half earnings to €6.1 billion. Earnings per share surged to €2.16, up 34% year-on-year and well ahead of the €1.55 forecast. Core revenue rose 1.3% annually to €5.9 billion in the quarter. According to the bank, these results are transforming what was meant…

Published on 22/07/2025 – 16:35 GMT+2 •Updated 16:36 ADVERTISEMENT A British man who dreamed of being like James Bond was convicted on Tuesday of trying to spy for Russia. Howard Phillips, 65, sought to pass information about former Defence Secretary Grant Shapps to two men he believed were Russian agents. However, the contacts were actually undercover British intelligence agents. A jury at Winchester Crown Court found Phillips guilty of assisting what he believed to be a foreign intelligence agency. The unanimous verdict came after four hours of deliberations. He was remanded into custody and will be sentenced in autumn although…

A banana duct-taped to a museum wall – ‘Comedian’, a conceptual artwork by Italian artist Maurizio Cattelan – has once again been eaten by a visitor. It’s not the first time, and probably won’t be the last.

The Wolin East 1 well is estimated to hold 22 million tonnes of crude oil and 5 billion cubic metres of natural gas, with the broader concession potentially containing even more.

Following the appointment of a Western Europe CEO, neobank Revolut has announced a recruitment drive as its new Paris HQ takes shape.

On Saturday, anti-immigration marches under the slogan ‘Stop Immigration’ took place in more than 80 Polish cities. Some of them were accompanied by counter-manifestations by left-wing circles. A total of 100 public gatherings were reported across the country.

Despite the global slowdown in the luxury goods sector, Europe is showing growth. In 2024, the value of the market in the region increased by 3% and reached almost €110 billion. What is behind this paradox?