Author: Euronews

William Lai, Taiwan’s new president, has vowed to strike more investment deals, support Ukraine and partner up with other democracies. Source link

Orange juice prices have risen by 77 per cent due to a drop in production in the main growing regions, leading to fears that orange juice and its fruit will be out of reach for many consumers. Source link

Trade monitoring controls at the US investment bank were not robust enough and led to mistakes, explained UK regulators. ADVERTISEMENTCitigroup has been fined £61.6 million (€72.3 million) by UK trading supervisors due to failures in its systems and controls.The penalties, issued by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), were linked to issues arising between 2018 and 2022.In one case, dating back to May 2022, a Citi error provoked a flash crash in European stocks, as $1.4 billion (€1.3 billion) of equities were sold in a “fat-finger” trade.A Citi trader had intended to sell a basket…

Italian authorities issued a freezing order against group of farmers alleging EU farming subsidies were claimed for gardeners. Source link

A row between Italian premier Giorgia Meloni and Fiat owner Stellantis has been halted by Fiat agreeing to remove the Italian flag from the bumper of Fiat 600 cars actually made in Poland. ADVERTISEMENTThe agreement between the Italian government is the latest in a row with Stellantis which last month said it would rename Alfa Romeo’s Milano SUV, also produced in Poland.The Italian premier and her ministers have accused Stellantis of misleading buyers of their cars through the use of the “Italian-sounding” moniker.Italy’s industry minister Adolfo Urso explained: “A car called Milano cannot be produced in Poland. This is forbidden…

The pope also spoke of the ”genius of Shakespeare” the playwright who set his famous Romeo and Juliet play in Verona. Source link

On World Biodiversity Day, a call on corporates to scale-up positive action, World Economic Forum’s Akanksha Khatri writes. Source link

A judge has dismissed a case for conviction against nine Egyptian men over the worst migrant shipwreck in the Mediterranean for over a decade, amid questions from human rights groups challenging the integrity of the trial. ADVERTISEMENTA Greek judge dismissed a case Tuesday against nine Egyptian men accused of causing a shipwreck that killed hundreds of migrants last year and sent shockwaves through the European Union’s border protection and asylum operations after a prosecutor told the court Greece lacked jurisdiction.The decision by Presiding Judge Eftichia Kontaratou came shortly after the trial opened in the southern Greek city of Kalamata and…

Travel and tourism levels across the world are expected to jump back to pre-pandemic levels in 2024, according to a report on tourism and travel from the World Economic Forum. ADVERTISEMENTThe United States and Spain have bagged the top two positions for this year, with developing economies such as China, Brazil, Indonesia and Turkey also making significant progress, according to the WEF report.The report, published in conjunction with the University of Surrey, ranked 119 countries according to their policies for supporting travel and tourism.There had been improved demand in developed economies across the world over the past year, especially in traditionally…

The move of an experienced senior official to a private law firm has prompted a probe by Emily O’Reilly, responsible for investigating suspected maladministration. ADVERTISEMENTThe latest move of a senior European Commission antitrust official to a private law firm has prompted a probe by the EU’s Ombudsman, who is worried about conflicts of interest.Revolving doors between the private and public sector can have a “corrosive effect” on public trust, fueling euroscepticism and undermining EU interests, said Emily O’Reilly, in a letter published today (22 May).In an 8 May press release, law firm Paul, Weiss announced the hire of Henrik Morch,…