Author: Euronews

The alliance’s leaders are concerned that Russia is gaining an edge, but are unsure whether to allow Ukraine to hit back beyond its borders. Source link

A jump in electricity prices linked to higher VAT rates is pushing up inflation in Spain. Upticks are being seen across the eurozone, although the causes are varied. Source link

The small Alpine country’s parliament must still ratify the decision, but it’s widely seen as a formality, as none of the parliamentary parties in the 90-seat National Assembly are expected to oppose it. Source link

Berlin has agreed to scrap a gas storage levy, with the European Commission questioning its legality under EU law, and eastern EU members suggesting it plays into Moscow’s hands. ADVERTISEMENTGermany has announced it will drop a gas storage fee introduced during the energy crisis of 2022, after eastern EU members warned the increased cost of imports from the west was forcing their continued reliance on Russian gas.The launch of Vladimir Putin’s invasion of Ukraine saw Moscow weaponise gas supplies on which the EU, and Germany in particular, were heavily reliant. Berlin introduced the storage levy in October that year to…

Brussels worries that the steady rise in imported Chinese electric vehicles could trigger an irreparable loss of competitiveness in the growing sector. Source link

BHP’s bids have been called “unattractive” by Anglo American, who has said that they expose its shareholders to undue risk and uncertainty. Source link

Surveys on racism in the EU show the problem is becoming more acute. Source link

Chinese EVs have a competitive edge when it comes to their European counterparts because they cost less and offer more features as standard. Source link

A series of investigations linking top AfD members to Beijing and Moscow have rattled the far-right party voting base in the run-up to the European elections in June, causing doubts about their dedication to the patriotic cause — one of their main talking points. Source link

Falling unemployment could point to a brightening European outlook, with the Euro Area economic sentiment improving as well. ADVERTISEMENTThe Eurozone unemployment report for April 2024, which was released today, shows that it hit at a new record low of 6.4%, beating analyst estimates of 6.5%, according to Eurostat. This was a decrease from March’s number, which was 6.5% as well. Unemployment in the euro area has remained stagnant at 6.5% for the five months up to March.The number of people without a job fell by 100,000 from the previous month to 10.998 million. The unemployment rate for people under the…