Author: Euronews

EVE Energy has allegedly pledged an initial £1.2 billion to create a battery plant on the outskirts of Coventry, England. ADVERTISEMENTSome 6,000 jobs could be created if Chinese battery manufacturer EVE Energy goes ahead with proposals to build a gigafactory in central England.The plant, backed by an initial £1.2 billion (€1.4 billion) of investment, would become a central component of the UK’s Centre of Electrification, a new investment zone that seeks to capitalise on green technology.According to the Sunday Times, which first reported on the discussions, the preliminary project would have an output of 20 gigawatt hours, which would subsequently…

The step comes as Beijing adopts new rules to replace foreign technology with its own. ADVERTISEMENTChina has begun phasing out US microprocessors from government computers and servers, according to a report in the Financial Times. The move will include stopping using those from Intel and AMD, as well as Microsoft’s Windows operating system, the report said.From this year onwards, government agencies above local level will have to follow new procurement guidance with criteria requiring “safe and reliable” processors and operating systems. Instructions were first relayed from China’s industry ministry in late December, as it issued lists of the CPUs, operating systems and centralised database…

Key diary datesADVERTISEMENT• Monday 25 March: Environment ministers to debate 2040 EU climate target in Brussels.• Tuesday March 26: Ministerial high level meeting in Brussels about the future of climate policy held by the Belgian Presidency of the Council of the EU.• Tuesday 26-Wednesday 27 March: High level conference in Brussels on the future of the EU Health Union.In spotlightThis week sees the issue of climate action back on the agenda in Brussels, with environment ministers due to debate in public today (25 March) the European Commission’s recommendation for a 2040 target to reduce net greenhouse gas emissions to 90%…

The Netherlands’ GDP outgrew analysts’ expectations in the final quarter of last year. ADVERTISEMENTThe Netherlands’ economy grew by 0.4% in the three months to December 2023, reversing a three-quarter period of contraction.New figures published by Statistics Netherlands on Monday said that the growth in GDP surpassed the 0.3% market predictions and was buoyed by a strong rebound in household consumption (1.9% against -0.2% in Q3), further government spending (0.7% against 1.3%).The news will be welcome to the government and Dutch households alike, as it follows a three-quarter period of economic contraction since the start of the last year.Nevertheless, the statistical…

Investors will this week delve into additional indicators shedding light on the inflation trajectory for major economies, amidst the backdrop of stock markets potentially heading for a fifth consecutive month of gains. Source link

This edition comes to you live from the Albert Hall in Brussels, with a special feature on the EU elections filmed in front of a crowd of 500. ADVERTISEMENTThis week, the show featured a mammoth double panel: Peter Liese from the European People’s Party, the Socialists’ Juan Fernando López Aguilar, Gwendoline Delbos-Corfield from the Greens, Michiel Hoogeveen of the European Conservatives and Reformists, Marc Botenga from the Left group and Abir Al-Sahlani of Renew Europe.In a special pre-election edition, we filmed live from the Albert Hall in Brussels in front of a crowd of 500 of the Brussels great and good. From the single…

Euronews Business takes a closer look at the cities in Europe that are best for start-ups. ADVERTISEMENTParis was named the best city for start-up businesses, closely followed by Madrid and Barcelona, in a new report from UK-based training company The Knowledge Academy.The various cities in this ranking earned their scores on a scale of 0-10 judged by the number of available office spaces, rental prices, proximity of top universities, the speed of internet (Mbps) among others. However, the report didn’t consider regulatory background, bureaucracy or taxation.Are France and Spain the best places for start-ups?France did very well in this ranking,…

The Federal Reserve has set the stage for interest rate cuts later this year, indicating a shift from its long-standing restrictive policy. March’s FOMC meeting kept rates stable but hinted at three cuts in 2024. The projection spiked investor confidence, pushing the S&P 500 and gold to record highs ADVERTISEMENTThe Federal Reserve has laid down the groundwork for potential interest rate reductions later this year, signaling a shift from the protracted phase of restrictive monetary policy that has spanned over two years.In its March meeting, the Federal Open Market Committee (FOMC) chose to maintain rates steady at 5.25%-5.5%, aligning with…

High prices and social inequalities are the main issues in the minds of voters, according to Euronews’ exclusive poll. Source link

The disruption of Ukrainian exports via the Black Sea led to a massive flow of grain across Poland’s border with Ukraine, driving down prices for food products while inflation has caused production costs and interest rates on loans to rise. ADVERTISEMENTPiotr Korycki picks up a handful of wheat and watches as the yellow grains run through his fingers.All around him, grain is piled high in a warehouse on his farm north of the Polish capital: hundreds of tons of wheat, rye and corn left over from last year’s harvest that he is unable to sell for a profit.With a new…