Author: Euronews

A number of factors have helped sustain the current wave of interest in gold. China’s demand surge, the valuation of the US dollar, and the interest rate path of the Federal Reserve Bank (Fed) may all have had an impact on prices. ADVERTISEMENTGold has surged by 14% year-to-date, outpacing the 10% rally of the S&P 500 this year. Gold futures peaked at an all-time high of $2,413 per ounce on 19th April, while spot gold reached a fresh peak of $2,1392 per ounce on the same day. Following a two-week retracement, the precious metal’s price saw a swift rebound last…

The outcome is set to test the strength of the separatist movement and the popularity of Prime Minister Pedro Sánchez. ADVERTISEMENTCatalonia is holding a regional election on Sunday, the outcome of which is set to  reverberate across national Spanish politics. More than 5.7 million voters are eligible to vote in a ballot that’s set to be a test both for the strength of the separatist movement in the wealthy northeastern part of Spain and for the policies of Prime Minister Pedro Sánchez.Separatists have held power in the regional parliament for over a decade. That could be set to change as both…

President Macron says funding from business giants such as Microsoft, Amazon, and Pfizer will benefit French citizens across the country. ADVERTISEMENTForeign investments worth €15 billion have been promised to France as part of a pro-business event held in Versailles on Monday.”Choose France”, an annual summit created by President Emmanuel Macron in 2018, was attended this year by 180 international CEOs and senior business executives.Last year, the event raised €13 billion through the creation or extension of 28 projects.This year’s funding record of €15 billion comes from 56 different initiatives.Microsoft has pledged €4 billion of investment, Amazon €1.2 billion, Pfizer €500…

An apartment block partially collapsed in the Russian border city of Belgorod Sunday. Officials blamed Ukrainian shelling and said there were deaths, without specifying a number. ADVERTISEMENTIn a statement, Russia’s Investigative Committee, the country’s top law enforcement agency, said that the 10-story block had been hit by Ukrainian shelling. It said that there were dead and injured among the rubble, but provided no further details. The Russian Health Ministry said that at least 17 people had been injured in the collapse. Rescue operations were being carried out.Russian authorities said the building collapsed following Ukrainian shelling. Ukraine has not commented on…

The aim of the move is to attract more investment by allowing both fossil fuel and renewable energy investors to invest solely in their preferred projects, without any crossover of funds. ADVERTISEMENTItalian energy giant Eni is considering giving investors a chance to invest in separate stakes in its fossil fuel projects, in a move that is known as a satellite strategy. The projects are likely to be some of the company’s very lucrative developments based in the Ivory Coast and Indonesia.This will allow investors who may not be particularly interested in renewable energy projects to make sure their money is…

The Baltic nation could veto long-discussed plans to charge VAT on online accommodation rentals and taxi rides. Source link

Some 80% of the targeted firms were victims of data theft, espionage or sabotage, according to the German digital industry association, Bitkom. ADVERTISEMENTCybercrime in Germany is on the rise and reported to be costing an estimated €148 billion in damage to the economy. Data revealed by the German authorities on Monday showed a 28% increase in cyberattacks by foreign organisations in 2023, particularly from Russia and China.”The threat level in the area of cyber security remains high,” said German Interior Minister Nancy Faeser as she presented the national report on cybercrime.The number of cyberattacks from Russia had doubled over the past…

The European Commission has expressed anger over a ban on EU flags at the Eurovision Song Contest and demands explanations. Source link

The retail giant, which has reportedly chosen London for listing, is facing fresh claims of poor working conditions in its supply chain in China. Source link

Overseas Chinese students are being snooped on in Europe and their families harassed in retaliation for their activism, a new report by Amnesty International says. ADVERTISEMENTThe international NGO interviewed Chinese and Hong Kong students studying in European universities, whose testimonies suggest that Chinese authorities’ transnational crackdown is threatening freedom and democracy on European soil.The students say they were followed and photographed during demonstrations or protests, and monitored online. Their family members back home in China were also targeted and threatened by police because of their activism abroad.A total of 30 Chinese and 12 Hong Kong students were interviewed, based in…