Author: Euronews

More than 100 signatories, including a number of celebrities, send an open letter to the G20 asking for reform to the global financial system. ADVERTISEMENTStephen Fry, Richard Curtis, Annie Lennox and Forest Whitaker are among a host of celebrities who have written to G20 leaders calling for a reform to debt and climate crises across the world.The letter was sent ahead of this week’s Spring Meetings of the International Monetary Fund and the World Bank Group.In their open letter, the leading actors, politicians, artists and economists wrote: “80 years on, we need another Bretton Woods moment,” referring to the establishment…

Hungary is harnessing the power of geothermal energy – it offers numerous advantages as a sustainable energy source and reduces the demand for fossil fuels. The fight against climate change is gaining momentum in Hungary. The European Union’s largest geothermal system is powering residential and commercial buildings in Szeged, 160 kilometres from Budapest.Geothermal energy has been used for centuries however this renewable energy resource is gaining renewed attention as a sustainable solution for electricity generation, heating, and cooling applications. Szeged launched the project after the local district heating provider suggested that geothermal energy could replace the town’s old gas-powered system dating…

The protest was orchestrated by three major charities and visited by several prominent MEPs. ADVERTISEMENTCharities Avaaz, WeMove and Oxfam were joined by several young activists to highlight wealth inequality outside the European Parliament in Brussels. Protesters used an inflatable jet in order to draw attention to the lavish lifestyles of the super-rich. According to a report from Oxfam published in April this year, EU governments are losing out on €286.5 billion in revenue annually due to their failure to adequately tax the rich. The amount equals out to roughly €33 million per hour. Julian Desiderio, a policy advisor on tax and inequality at Oxfam Belgium…

Tesla’s drastic layoffs may be a response to changes needed in the wake of the disappointing last quarterly delivery report. ADVERTISEMENTElectric vehicle giant Tesla has announced it is to lay off 10% of its staff worldwide.Tesla currently employs some 140,400 staff which means around 14,000 jobs will go. The reason given is to cut out a number of positions and also to get rid of roles that are currently being duplicated.In a company-wide email, CEO Elon Musk said, as reported by Electrek: “Over the years, we have grown rapidly with multiple factories scaling around the globe. With this rapid growth,…

As European elections loom, a survey has revealed the extent to which the flagship Green Deal agenda of the von der Leyen Commission has divided even the centre ground in EU politics. Source link

The Wall Street giant’s investment banking and trading business drove the results past analysts’ estimates. Source link

As Israel weighs its options for a potential response to Iran’s aerial attack on Saturday, its European allies are pleading for restraint to prevent a major regional spillover of the conflict. ADVERTISEMENTThe attack, which saw Tehran launch some 300 drones, ballistic and cruise missiles in its first state-on-state attack against Israel, has drawn fierce condemnation from European leaders, who have firmly stood by Israel’s side.But as Netanyahu’s war cabinet mulls a direct response, Europe is also scrambling to rein in a potential Israeli retaliation and prevent further escalation.A joint statement issued on behalf of the bloc’s member states by top…

Mammoth sums needed to deliver EU’s green transition put prosperity at risk, claim NGOs and academics. Source link

In this edition, we break down the nail-biting vote on the EU migration pact, hear how press freedom in Slovakia is under threat and ask how Ursula von der Leyen is handling the so-called Piepergate scandal. Source link

Samsung wins back its crown from Apple as European bargain hunters in particular move away from Apple and towards cheaper Chinese brands. Source link