Author: Euronews

This edition of State of the Union focuses on the continuing diplomatic détente between Turkey and Greece and the escalating domestic upheaval in Georgia. Source link

A five year tie-up with Microsoft could potentially help the supermarket chain to make use of AI to cut costs and improve staff efficiency. ADVERTISEMENTBritish supermarket giant, Sainsbury’s could be the latest retailer to harness AI to gain better insights into customer shopping behaviours and find new ways to streamline services.The supermarket has revealed that it has entered a five-year partnership with Microsoft although the exact details and value of the deal have not been revealed.Sainsbury’s is expected to utilise its data and consumer behaviour insights, whilst Microsoft will bring technological expertise which could help the retailer come up with…

Coffee prices continue to rise in the continent but at a considerably slower rate than last year’s double-digit price hikes. Source link

The Swiss group will transfer Nicolas Bos from Van Cleef & Arpels as part of a restructuring process. Source link

Inflation could be just 2.2% in the EU next year, as voters cite concerns over rising prices. Source link

The Italian club issued a statement saying Massimiliano Allegri’s conduct “was not in line with Juventus’ values”. ADVERTISEMENTJuventus fired coach Massimiliano Allegri on Friday due to his misconduct towards referees during the Italian Cup final.The Italian team has two games left in Serie A.Allegri lost his cool in stoppage time when he grew angry at a decision, ripped off his jacket and earned a red card for sarcastically applauding the referee. Juventus said in a statement that Allegri’s conduct “was not in line with Juventus’ values”.“The dismissal follows certain behaviours during and after the Italian Cup final that the club deemed…

Klaas Knot, President of De Nederlandsche Bank, anticipates a June ECB rate cut and has advocated for deeper financial integration through the capital markets union and banking union to enhance Europe’s economic resilience and growth potential. ADVERTISEMENTDutch Central Bank President Klaas Knot emphasised the likelihood of a June European Central Bank (ECB) rate cut and the critical need for deeper capital market integration to unlock the full potential of Europe’s single market.Speaking at a high-level forum in Amsterdam hosted by the Foreign Bankers Association, where Federal Reserve Chair Jerome Powell was also featured, Knot indicated that Frankfurt is prepared to…

Sales of electric cars in Europe are relatively low, but it is just one reason why the vehicles are piling up in Europe’s major ports. ADVERTISEMENTA growing number of imported electric cars, many of them from China, are stuck at the ports of Europe as manufacturers and distributors struggle with a slowdown in sales. The ports of Antwerp and Zeebrugge in Belgium are reportedly flooded with EVs from China, however, the port told Euronews that it is not only Chinese vehicles which are involved. But they did not disclose any other exporter countries contributing to the problem. However, Le Monde reported that…

Profits at the German insurance group were driven by its property-casualty segment, which benefited from higher prices and relatively benign claims from natural catastrophes. ADVERTISEMENTEurope’s largest insurer Allianz revealed an increase in business volume of more than 5% for the first three months of the year, achieving a double-figure rise in net income for its shareholders. The German firm’s net profit was €2.6 billion, 21.8% higher than the year before, with core earnings per share rising to €6.42 from €5.43 last year. Operating profit was up by 6.8% at €4 billion, driven by a stronger than expected result in its property-casualty segment, which benefited…

IBM has announced plans to create 800 new AI jobs across Ireland over the next three years as big tech companies continue to invest in the country. ADVERTISEMENTIBM said it plans to hire up to 800 more people in Ireland to help build advanced software underpinned by AI technology, the state investment agency IDA Ireland said on Thursday.The move by the US software and consultancy services provider marks the biggest job announcement in the country’s multinational sector this year.IBM is already one of the largest multinational employers in Ireland with 3,000 staff. The new roles will require the employees to…