Author: Euronews

The abundance of temporary contracts, as well as low productivity have both contributed to unemployment levels spiking in the first quarter of the year. Source link

The new rules forcing companies to check supply chains have been hailed by environmental and social activists – but raised significant concerns over red tape. Source link

Authorities say the firm’s pre-ticking site design limits the freedom of choice for consumers. ADVERTISEMENTItaly’s antitrust authority has fined two Amazon subsidiaries €10 million for what it considers to be unfair commercial practices.The complaint specifically relates to the firm’s ‘Subscribe and Save’ option, which allows customers to set up recurring deliveries of frequently purchased items.According to Italian officials, the automaticity of this function infringes on consumers’ rights.”The pre-ticking of recurring purchase induces one to periodically buy a product – even without the effective need – thus limiting one’s freedom of choice,” the antitrust body said in a statement.On Wednesday, Amazon…

A string of EU court judgements overruling asset freezes on Russian businessmen doesn’t upend the overall strategy. Source link

France’s Casino supermarket chain is to cut between 1,300 and 3,200 jobs following its recent takeover by Czech billionaire Daniel Kretinsky. Source link

A meeting between the British and German leaders made for a show of unity even as disagreements on how to help Ukraine persist. ADVERTISEMENTGerman Chancellor Olaf Scholz said on Wednesday Europe must step up help for Ukraine – but stuck to his refusal to send long-range Taurus cruise missiles to Kyiv.Scholz spoke after meeting British Prime Minister Rishi Sunak in Berlin, shortly after his counterpart announced the UK will increase defence spending to 2.5 per cent of GDP by the end of the decade.The two countries are Europe’s biggest suppliers of military assistance to Ukraine as it counters Russia’s full-scale invasion. Both…

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. Fund managers’ political leanings sway the way they vote, impacting company governance at the expense of its performance, Massimo Massa and Lei Zhang write. ADVERTISEMENTFund managers are meant to be focused on value creation, and paid to make decisions that financially benefit the firm they invest in and, by consequence, the fund they manage. Yet, recent research suggests that’s not always the case and that, in the United States at least, their decisions can actually be driven by…

EU lawmakers voted in a landslide in favour of new curbs on crypto, football clubs and cash transactions. Source link

The US is grappling with record $34.5 trillion debt, triple the eurozone’s, and set to hit 134% of GDP by 2029. Elevated deficits and skyrocketing interest payments may evoke fears of imminent fiscal crisis if countermeasures are not adopted. ADVERTISEMENTThe American public debt is at the highest levels ever and is expected to progressively increase due to huge budget deficits that surpass the country’s economic growth, generating fears of a potential fiscal crisis in the world’s leading economy.The US national debt has soared to a staggering $34.5 trillion (€32.3 trillion), nearly three times that of the entire eurozone, accounting for…

Spain’s socialist leader has denied claims by a right-wing platform his wife used her position to influence business deals. Source link