Author: Euronews

The 27 leaders of the European Union have called for a “new competitiveness deal” to close the economic gap with its global rivals and reverse a worrying trend of industrial decline. Source link

The world’s largest chipmaker recorded a rise in first-quarter income and revenue, driven by demand for AI-related chips. Source link

The average price of a home in the UK was £281,000 as of February, according to new figures. But prices vary significantly across different regions. Source link

At a Council on Foreign Relations meeting on Wednesday, European Central Bank President Christine Lagarde stressed the importance of private investments in catalysing Europe’s green transition and fostering innovation. ADVERTISEMENTDiscussing the state of the European economy and geopolitical challenges, she emphasised the need for about €600 billion annually to support climate change mitigation efforts, underlining the critical role of private financial support for these initiatives.Lagarde also provided insight into the current state of the European economy, the ongoing efforts in US-EU economic cooperation, and the broader implications of geopolitical challenges.Inflation dynamics and Eurozone economic outlookAddressing the query on why Europe…

EasyJet’s latest report shows better performance in winter and the launch of new operational bases. Source link

New ‘super’ committees, more inquiry powers over Commissioners, and attempts to avoid apparently deserted meetings are novel features planned for the next Parliament. ADVERTISEMENTMEPs spent the past 10 months tweaking and upgrading their own rules of procedure – a process initiated by Parliament president Roberta Metsola.The scope of the reform was to address longstanding problems, such as diminished relevance when set against the other EU institutions and visible absenteeism in the chamber during some topical debates.The process ended last week when new rules were finally approved by MEPs. Here’s a sneak peek of how parliamentary business will change during the…

Tesla’s shares have seen a fall of nearly 30% in the first quarter because of growth bottlenecks. As analysts revise down estimates of Q1 earnings, an upside surprise may present a chance to rebound. Conversely, a miss on the expectation may exacerbate the downward pressure. ADVERTISEMENTTesla has endured a harsh selloff in the first quarter, with shares plummeting by nearly 30% as the EV maker grappled with growth bottlenecks amid fierce competition from Chinese rivals and diminished consumer demand. Price cuts implemented in the second half of 2023 have notably compressed its profit margin, coupled with a marked deceleration in revenue…

The Commission chief post will be put up for grabs after the EU elections. Who might be the other options to Ursula von der Leyen? Source link

Forward-thinking businesses can leverage a variety of artificial intelligence tools in the new tax year to save costs, as well as make more provisions for unexpected expenses. Source link

Some 19 EU countries levy inheritance, gift or estate taxes. Due to the highly preferential tax treatment applying to transfers to close relatives, the majority of estates go untaxed. The percentage of total tax revenue derived from wealth transfer taxes is very low. ADVERTISEMENTInequality in wealth distribution is prevalent across Europe. The wealthiest 10% on the continent own a staggering 67% of the wealth, while the bottom half of adults possess only 1.2% of it. The role of inheritance, estate and gift taxes are largely discussed in addressing inequalities. Some 19 of 27 EU countries levy wealth transfer taxes. However,…