Author: Euronews

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

Nationwide is one of the latest to see IT glitches, following the likes of Sainsbury’s, McDonald’s, Greggs and Tesco, amongst others. Source link

Once the cradle of the European integration project, the six founding nations are now the spawning ground for radical right parties amid growing immigration concerns. Source link

The UK’s defence minister said the deal was expensive but necessary. Source link

Ukraine could receive €1 billion in windfall profits from immobilised Russian assets as soon as this July, European Commission chief Ursula von der Leyen has said. ADVERTISEMENTThe announcement came late on Thursday evening after the bloc’s 27 leaders backed Brussels’ proposal to give Ukraine up to €3 billion per year in interests from Russian assets that have been frozen in depositaries in EU member states.The vast majority of the profits would be used to arm and equip the Ukrainian armed forces as they continue to withstand Russia’s war of aggression.“There’s strong support to use the windfall profits or proceeds of…

Social platform Reddit saw its stocks skyrocket after offering formerly private shares for public purchase. Source link

We have the opportunity to forge a path towards a future that is not only sustainable but also flourishing, Janez Potočnik writes. Source link

The bank used a method which lead to it underestimating its exposure on loan portfolios. ADVERTISEMENTFor using a method leading to underestimating the credit risk on certain loans, “the European Central Bank (ECB) has imposed two administrative penalties totalling €3.54 million on Confédération Nationale du Crédit Mutuel”, said the ECB in a statement on Thursday. According to the ECB, which oversees 113 significant banks in Europe, Crédit Mutuel did not apply certain requirements, so-called “floors”, set by the central bank’s rulebook when the lender calculated the risk of certain loan portfolios, using its internal models, between May 2021 and April 2022.As a result, the bank…

The European Commission has proposed a steep increase in tariffs on Russian grain that comes into the bloc’s common market. Source link