Author: Euronews

From romance to football, alleged corruption to insulting the boss: MEPs can lose their political moorings in a variety of ways. By the close of this European Parliament, 50 MEPs were without groups – how did they get there? Source link

The number of banking millionaires is on the rise, according to the European Banking Authority – but women don’t seem to be benefiting. ADVERTISEMENTOver 90% of the best paid bankers in the EU are men, according to figures published by the European Banking Authority (EBA) last Thursday (25 April).For investment firms, the figure – which counts staff who earned over €1 million in 2022 – is over 96%, highlighting the scale of the financial sector’s gender pay gap.EU regulators collect data on financiers’ high pay – driven by the concern that big bonuses can encourage risky behaviour in staff, potentially…

Candidates were elusive on agriculture flash points and offered no food policy vision for the next five years. Source link

Amazon is set to unveil its first-quarter earnings after the US market closes on 30 April. The e-commerce behemoth is anticipated to showcase its advancements in the AI-powered cloud business. ADVERTISEMENTThe US earnings season has revolved around AI progress among major tech companies. Microsoft, Alphabet, and Meta have all indicated that their substantial investments in AI are beginning to pay off, evident in their robust quarterly earnings. Consequently, the focal point of Amazon’s upcoming earnings report is likely to be its AI-aided business, AWS, and the rapidly expanding advertising segment.AWS may remain a stable growthAmazon’s Web Services (AWS) is seen…

Top EU diplomat Josep Borrell has warned that if the bill is passed it “would negatively impact Georgia’s progress on its EU path.” Source link

Euronews Business asks the various political groups in the European Parliament about their economic agenda for the next five years. ADVERTISEMENTImproving competitiveness (better conditions for businesses), cutting bureaucracy, protecting jobs and supporting the green transition are just a few of the key pledges from the party groups ahead of the European Parliament elections taking place 6-9 June. Turning on the economic growth engine in the continent for the next five years appears to be a complicated task. The current output is little more than zero and the outlook for the next years appears to be stark, according to the IMF which states:…

More than 1,000 people participated in the demonstration in Hamburg on Saturday, with some calling for the establishment of a caliphate. Source link

Eurozone economy grew by 0.3% in the first quarter of 2024, beating expectations and marking the strongest growth since Q3 2022. Annual inflation remained stable at 2.4%, while core inflation slowed to 2.7%, likely clearing the path towards the first ECB rate cut in June. ADVERTISEMENTEconomic growth in the eurozone exceeded economists’ expectations in the first quarter of the year, while the annual inflation rate for April demonstrated stable performance compared to the previous month. This halted the downward trend that began in January, but it also provided some encouraging signs for an anticipated European Central Bank (ECB) rate cut…

The European Commission says the platforms’ tools to protect the EU elections are not sufficient. ADVERTISEMENTMeta’s Facebook and Instagram are subject to an investigation over how the platforms tackle disinformation under the Digital Services Act (DSA), amid fears they are vulnerable to Russian networks, the European Commission said today (30 April).The suspected infringements cover Meta’s practices relating to deceptive advertising and political content on its services, the Commission said.According to the EU executive, the company’s advertising network is vulnerable to misinformation, and potentially a target for Russian networks. The platforms also lack an effective third-party real-time election-monitoring tool since Meta did…

Austrian billionaire Reinold Geiger offers to buy up shares and take the company back into private hands to focus on “rebuilding the foundation for the long-term sustainable growth of our company”. ADVERTISEMENTThe owner and major shareholder of French firm L’Occitane is looking to take his skin-care firm back into private hands after a 14-year stretch on the Hong Kong Stock Exchange.Austrian billionaire Reinold Geiger has offered HK$34 (€4.05) per share to buy the stock he doesn’t already own, an increase on the most recent closing share price of HK$29.50 (€3.52).The deal is worth up to HK$13.91bn (€1.7 billion), and the…