Author: Euronews

ADVERTISEMENTThe shares of UBS were sent through the roof after the Swiss bank reported that it returned to profitability in the first quarter of 2024, for the first time since it took over its former rival Credit Suisse in June 2023.The share price of the Zurich-based lender was up by 9.8% after midday, as investors were showered with good news: the profit beat expectations, the lender reported $1.75 billion (€1.63 billion) net income for the first three months, after two consecutive quarterly losses amid cost-cutting measures.The bank said it had earnings of 52 cents per share.Total group revenues reached $12.7 billion, 15%…

According to Euronews’s latest Superpoll in April, Germany’s far-right party AfD are polling in second place for the European elections next month. Is the current government doing enough to counteract the threat from the far-right? Source link

Such a move could lead to a crack down on the re-export of Russian LNG from EU countries, but is unlikely to address EU imports of it. That could remain a sore point. ADVERTISEMENTIn what would be the first move of its kind, the EU may be considering sanctions against the Russian liquefied natural gas (LNG) sector. As part of the 14th round of sanctions against Russia by the EU, these new measures would target the re-export of Russian LNG from EU countries.Such a move would also crack down on the use of any EU facilities including the use of …

After nearly 25 years in power, Vladimir Putin begins another six-year term as Russia’s president on Tuesday, at a time of growing tension with NATO countries over their support for Ukraine. Source link

Energy giant BP is to launch a major cost-cutting programme after Q1 profits were hit by falling gas prices and a refinery outage and earnings fell short of analyst forecasts. ADVERTISEMENTBritish oil and gas company BP’s first quarter profits were below expectations, as underlying profit came in at $2.7 billion (€2.5 billion), compared with $3 billion for the previous quarter. This was partially due to falling gas prices and an unplanned outage in the company’s Whiting refinery in the US, partially offset by strong oil trading. Production of oil and gas was up by 2.1% from a year earlier to 2.4 million barrels-of-oil equivalent per day.BP’s…

As the elections to the European Parliament draw closer, Euronews breaks down what parties want to do with what is arguably the most divisive topic of the political agenda: migration and asylum. ADVERTISEMENTElectoral hopefuls will be able to campaign on the New Pact on Migration and Asylum, an all-encompassing reform that would introduce predictable, collective rules to manage the reception and relocation of asylum seekers, endorsed in March by the Parliament after years of deadlock between member states. Making the most out of the untested reform will be one of the top priorities for the bloc in the next mandate, particularly…

The US regulator has launched an investigation into Boeing after the firm reported that workers falsified inspection records on some 787 planes. ADVERTISEMENTThe Federal Aviation Authority (FAA) said on Monday that it had opened a new inquiry into troubled planemaker Boeing.The latest in a series of safety scandals, Boeing told the FAA last month that its employees in South Carolina could have falsified aircraft records.It said that safety checks for the 787 Dreamliner planes, marked completed, may not have been properly carried out.The FAA has said that Boeing is consequently “reinspecting all 787 airplanes still within the production system and…

The European Commission has announced it is taking the first steps to close the Article 7 procedure against Poland. Source link

The move comes as pressures caused by the cost of living crisis in the UK have eased and more people are finding their way back to the pub. Source link

The defence industry forum was held in Brussels to discuss cooperation and increase ammunition production for Kyiv in response to Russia’s ongoing aggression. Source link