Author: Euronews

Samsung could be joining the likes of SK Hynix, the world’s second biggest memory chip producer, as one of Nvidia’s suppliers. Source link

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. Path dependency and a reflex towards the status quo have left Europe for too long with a single market that doesn’t fulfil its citizens’ needs, Philippe Pochet and Taube Van Melkebeke write. ADVERTISEMENTThe single market is making a comeback at the top of the EU’s political agenda. This Wednesday, for example, the item was debated during the tripartite Social Summit. Yet, we cannot afford to let the reopened discussions get stranded in incremental proposals. Instead, the debate on…

The Swiss National Bank (SNB) said on Thursday it is trimming its key interest rate, a surprise move that makes Switzerland the first major financial centre to announce a cut in recent months. ADVERTISEMENTThomas Jordan, the outgoing SNB chairman, credited the central bank’s push to rein in inflation in the wealthy Alpine country. The cut of a quarter of a percentage point, to 1.5%, will apply as of Friday.Jordan explained to reporters why they opted to trim the key rate now.”The easing of our monetary policy has been made possible because the fight against inflation over the past two and…

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. Alarmingly, EU officials are bending over backwards to accommodate industry demands — with the real risk that what was once considered a sweeping ban will be gnawed away by caveats and exemptions, Hélène Duguy writes. ADVERTISEMENTThe EU defied expectations when it finally adopted an ambitious sweeping ban on intentionally added microplastics — a real win for tackling plastic pollution at source. But just months after its adoption, this ambition is threatened by behind-closed-doors tinkering of the legislation.Microplastic pollution is out…

The increase comes after a pause last month which led experts to believe another freeze would follow suit. Yet chronic inflation still persists. ADVERTISEMENTTurkey’s central bank has unexpectedly raised its key interest rate as the country continues to try and reign in soaring inflation.The Central Bank of Turkey said on Thursday that it had raised the policy rate (or one-week repo auction rate) to 50%, up from 45%, due to higher-than-expected inflation in February.”While imports of consumption goods and gold slowed down and contributed to the improvement in the current account balance, other recent indicators imply that domestic demand remains resilient,”…

Is it true 80% of our laws are determined by the European Union? With the European elections approaching, we’re going to be debunking common myths surrounding the EU and its institutions. ADVERTISEMENTHow much of our legislation comes from the European Union? It’s been a lingering debate for many years now with multiple Eurosceptic and even Europhile politicians claiming the EU imposes 80% of its laws on member states.The problem with quantifying the amount of laws is finding accurate and recent figures.Previous studies that looked into this found the EU’s influence to be significantly less: more like 20-25%, according to this…

Social platform Reddit has priced its shares at the top of a market range, bringing the firm’s value to $6.4 billion (€5.9 billion). ADVERTISEMENTReddit shares will be listed on the New York Stock Exchange on Thursday, ushering in a new era for the social discussion site as it becomes a public company.The IPO has raised $229 million for existing shareholders and $519 million for Reddit, a total of $748 million (€685 million).The social platform will still have to pay commissions and other costs associated with the listing, meaning it won’t receive all of the $519 million.Twenty-two million shares are being…

Fear as a campaign card is getting weaker with every election. To mobilise their voters, pro-European parties will instead need to inspire with a clear and tangible vision of a strong and united Europe, Pawel Zerka writes. Source link

In a week that saw 10 central bank meetings around the globe, gold prices surged to new record highs for the first time in the precious metal’s history. Source link

The leaders of Spain, Ireland and Slovenia have announced they stand ready to recognise the State of Palestine as the “only way to achieve peace and security” in the war-ridden region. Source link