Author: Euronews

Poland has received €6.3 billion under the European Union’s recovery fund, the first payment of its kind. ADVERTISEMENTThe payment, confirmed on Monday, ends a long wait for the country, whose national plan was approved in June 2022 but remained blocked over persistent concerns about a lack of judicial independence and democratic backsliding.The decline was credited to Law and Justice (PiS), the hard-right party that governed Poland for eight consecutive years and spearheaded far-reaching reforms that expanded political control over the judiciary and packed courts with loyalists.The most controversial reform empowered the disciplinary chamber of the Supreme Court to punish magistrates…

The UK and the US want to “prevent the Kremlin funnelling more cash into its war machine”. At one stage, the price of aluminium leapt more than 9%. ADVERTISEMENTAluminium prices rocketed to a record level following the UK and the US’s decision to ban the trade of Russian metals to “prevent the Kremlin funnelling more cash into its war machine”.At one stage in early morning trading, aluminium was up more than 9% on the London Metal Exchange (LME), the biggest rise seen since trading started in 1987. Nickel prices also rose, at one stage gaining more than 8%. Both metal prices…

The former Italian PM’s report, part of which has been seen by Euronews, calls for stronger rules to unify telecoms, energy and financial markets and a new European business code. Source link

In the wake of Iran’s recent offensive against Israel, investors have been on edge, speculating about the potential ramifications for commodities. Here’s a breakdown of the situation and its possible impacts. Source link

The Italian competition regulator is looking into allegations that the Irish airline abused its position as the country’s leading airline. Source link

Geopolitical tensions and central banks’ rhetoric on monetary policy will remain the focus of market participants, also Netflix is scheduled to release its Q1 earnings result this week. Source link

Ursula von der Leyen has presided over the most transformative years of the European Union in recent memory. But after weathering a string of extraordinary crises, her ideology might have gotten lost along the way. ADVERTISEMENTVon der Leyen has had few quiet days since moving to Brussels. Just three months after assuming office as the first female president of the European Commission, her executive was faced with a global pandemic that killed millions, brought the economy to a standstill and left wealthy governments scrambling to get hold of basic medical supplies.The formidable test turned the president into a crisis manager,…

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. Source link

The consultancy giant is planning for another series of lay-offs following a pandemic hiring boom. Source link

Sales of Volkswagen electric vehicles in Europe fell by almost a quarter in the first three months of the year as consumers returned to petrol. Source link