Author: Euronews

Europe is lagging behind in the space economy, and member states are calling for more public and private investment to remain competitive with global players – but challenges remain for the next Commission mandate and the sector first needs a new strategy to attract investors. ADVERTISEMENTFollowing a profound transformation of the space industry over the last decade, the European model, based mainly on public support, has become obsolete in an emerging economy where the US, China and India are thriving.  “This model is no longer adequate for today’s global, competitive space economy,” says the EU’s latest report on the single…

About one third of Gen Zers now turn to social media and financial influencers for money tips, according to Intuit Credit Karma. However, this also comes with regulatory challenges for those sharing them. ADVERTISEMENTFinancial influencers, or finfluencers, as they are better known on social media, have seen a meteoric rise in the last few years. One third of Gen Z people now look towards these influencers, especially on TikTok, for financial advice, instead of traditional financial or portfolio advisors, according to research by Intuit Credit Karma. This has also led to the rise of financial TikTok, or FinTok. According to the above…

The campaign for the European elections is drawing to a close in France. Voting takes place on June 9, with the official campaign closing on Friday, June 7, providing an opportunity for the candidates to make their last moves. ADVERTISEMENTAs the European election campaign in France enters its final stretch, the candidates are intensifying their efforts, aimed at undecided and younger voters. Jordan Bardella, the candidate for the far-right National Rally party, held his last public meeting in Paris on Sunday. Leading the polls with 32 per cent of voting intentions, he called on electors to vote against French president Emmanuel…

European financial markets are set to react to two major events: the European Central Bank’s rate decision and the EU Parliamentary elections. Source link

With EU member states heading to the polls, here’s how the elections differ from country to country. ADVERTISEMENTBetween 6 and 9 June, some 350 million people across 27 European Union member states will come together to elect 720 members of the European Parliament.While the parliament to be elected will represent everybody in the bloc, each country votes slightly differently – and that’s particularly apparent this year. While each nation uses the system of proportional representation – which means that a party’s share of the vote is reflected in its seat tally – each individual country uses its own variant.Nineteen countries…

Heavy rain and floods hit parts of Germany and Italy – with hundreds being advised to leave their homes and some missing. ADVERTISEMENTParts of Southern Germany are under flood warning, with the highest levels applying to western Swabia, the Upper Allgäu and Upper Bavaria.A state of emergency has been declared in Augsburgdue to the extreme rainfall and rising water levels. Water levels are expected to continue to rise sharply in the coming hours. The communities of Fischach and Langenneufnach will be particularly affected. The Lake Constance region has also been affected and is under risk of flooding. Around 1,300 people…

Flooding, high river levels and heavy rain led to the death of a firefighter and disrupted train travel in southern Germany on Sunday. ADVERTISEMENTThe body of a firefighter was recovered after an inflatable watercraft carrying four firefighters capsized as they navigated floodwaters to bring residents to safety in the town of Pfaffenhofen, on the Ilm River in the southern Bavaria region.A long-distance train derailed after the ground under a section of track collapsed near the town of Schwaebisch Gmund some 50 kilometres east of Stuttgart late on Saturday. The 185 passengers were uninjured.German rail operator Deutsche Bahn warned of extensive…

In a news conference at the Shangri-La defence forum in Singapore, Zelenskyy said that China is pressuring other countries and their leaders not to attend the upcoming talks. ADVERTISEMENTUkrainian President Volodymr Zelenskyy accused China of helping Russia to disrupt a peace conference on the war in Ukraine. In a news conference at the Shangri-La defence forum in Singapore, Zelenskyy said China was pressuring other countries not to attend the upcoming talks in Switzerland.  “Russia, using Chinese influence in the region, using Chinese diplomats also, does everything to disrupt the peace summit,” he said, “This is unfortunate that such a big, independent,…

Euronews Romania interviewed the country’s Prime Minister about the possibility of supplying Ukraine with a Patriot system. ADVERTISEMENTRomanian officials are discussing the idea of supplying Ukraine with a state-of-the-art Patriot defence system.  However, the Romanian president said it must be approved by the Supreme Council of National Defence.  Euronews Romania spoke with the nation’s Prime Minister, Marcel Ciolacu, about how this would work. “In the first place, the specialists must speak” he said, “This does not mean that if a system covers part of Ukraine, it does not also cover Romania. Here it is about specialists sitting at the table…

Russia pummeled Ukraine’s energy infrastructure with a large-scale drone and missile attack on Saturday, injuring at least 19 people, local officials said. ADVERTISEMENTThe Ukrainian military reported that it had downed 35 out of the 53 missiles launched at targets across the country overnight on 1 June as well as 46 out of 47 attack drones.Injuries were reported by officials across the country, including in Ukraine’s western Lviv region and the central Dnipropetrovsk region.Twelve people, including eight children, were hospitalised after a strike close to two houses where they were sheltering in the Kharkiv region, said Governor Oleh Syniehubov.The strikes were…