Author: Euronews

Banks including Santander, BNP Paribas and Deutsche Bank are among the financial institutions accused of funding companies destroying ecosystems. Source link

Soaring copper prices are driving market optimism with analysts predicting further price increases. Goldman Sachs is forecasting a 40% increase by mid-2025. Euronews Business looks at the stocks which could benefit. ADVERTISEMENTDubbed “Dr Copper” for its predictive ability to diagnose the health of the global economy, copper has become increasingly central to both industrial progress and the transition toward electrification and sustainability, thanks to its use in electric vehicles, wind, solar energy and power grids.With the world pivoting to a more environmentally friendly future, the dynamics of copper’s supply and demand have led to a notable resurgence in its value.…

The Novo Nordisk deal is due to be wrapped up in the second quarter of this year. It will help to establish the maker of Wegovy and Ozempic in the cardiovascular treatment market. ADVERTISEMENTPharmaceutical giant Novo Nordisk is to take over German biotech company Cardior Pharmaceuticals in a deal worth up to €1.025 billion. The latter, which works mainly on cardiovascular cures, will lay the foundation for Novo Nordisk to expand into the heart disease sector.Novo Nordisk, of weight loss drug Wegovy and diabetes drug Ozempic fame, recently became Europe’s biggest company, with a market capitalisation of about DKK 3.05…

Uncertainty over sluggish productivity and high labour costs could draw back the economic output of the eurozone, global credit rating agency S&P said in its updated economic outlook. ADVERTISEMENTThe eurozone is facing weaker-than-expected growth prospects over the next two years and inflation may recede as rapidly as many would hope, leading to fewer rate cuts from the European Central Bank (ECB), suggests the latest economic forecast from global credit rating agency S&P.The bloc is going to have 0.7% GDP growth this year, slightly lower than the 0.8% in the previous forecast by S&P Global Ratings.There are doubts that the rebound in…

Her name is Marie-Agnes Strack-Zimmermann and she is one of three lead candidates chosen by the European liberals for the upcoming EU elections. But what does she really think? Source link

Flutter Entertainment’s growth driven by US operations which saw a 55.6% revenue surge. Bank of America names it top pick while Goldman Sachs forecasts doubling of earnings by 2026. ADVERTISEMENTThe world’s leading online sports betting and iGaming operator, Flutter Entertainment, has revealed its financial results for the fiscal year ended December 31, reporting a 24.6% rise in global revenue and a 20.3% surge in average monthly players. The US market in particular stands out as a powerhouse for Flutter, showcasing a 55.6% year-on-year revenue growth. The surge has been attributed to structural enhancements in sportsbook net revenue margins, reduced promotional…

Graduates could soon be awarded a pan-European degree from a group of universities, as part of new plans unveiled by the European Commission. Source link

Year-on-year inflation, as measured by the Consumer Price Index (CPI), increased by 3.2% in March, while core inflation, which excludes energy and unprocessed food, fell to 3.3% in Spain. ADVERTISEMENTSpanish inflation picked up in March, consumer prices rose by 3.2% compared to the previous year, following the previous month’s 2.8%, according to a flash estimate from the National Statistics Institute (INE). The EU-harmonised CPI in Spain rose by 1.3% in March compared to the previous month, following a 0.4% increase in February. The higher inflation figures are mainly due to an increase in electricity and fuel prices, while the prices of food…

Member states sealed on Wednesday evening a crucial deal to extend free trade with Ukraine until June 2025. ADVERTISEMENTBut the outcome that emerged from the negotiations represents a hardened position compared to the whatever-it-takes solidarity promised to the war-torn nation, whose agricultural exports bring an essential stream of revenue.The extension of the special regime will feature a larger number of safeguards on products deemed “sensitive”: poultry, eggs, sugar, oats, maize, groats and honey, which will be subject to tariffs if their flows exceed the average volumes of the past three years.The deal will also make it easier for member states…

Five of Germany’s economic research institutes slash Germany’s GDP outlook, citing low domestic demand, and high gas and electricity prices hitting exports. Source link