Author: Euronews

The European Union cannot afford to let Russia win the war in Ukraine regardless of what happens in the United States after the presidential elections, Ursula von der Leyen has said. ADVERTISEMENT”The simple truth is we do not have the luxury of comfort. We do not have control of elections or decisions in other parts of the world. And we simply do not have the time to skirt around the issue,” the European Commission president told Members of the European Parliament on Wednesday morning.”With or without the support of our partners, we cannot let Russia win. And the cost of…

While flying taxis may still sound like science fiction, they are poised to become a reality before the end of the year. Volocopter’s drone-shaped electric vehicles are ready to take flight in Paris, coinciding with the 2024 Olympic Games. ADVERTISEMENTDirk Hoke, former CEO of Airbus Defense and Space, spearheads this groundbreaking initiative at Volocopter, a German start-up pioneering the introduction of electric air taxis to the market: the most disruptive revolution in urban mobility since the beginning of the century.My Wildest Prediction is a podcast series from Euronews Business where we dare to imagine the future with business and tech…

A new law requiring companies to check supply chains for slavery and pollution failed to overcome qualms from Rome and Berlin. ADVERTISEMENTNew EU rules requiring companies to check supply chains for environmental and social issues now appear in jeopardy, after Germany and Italy appear to have blocked them in a secret vote by diplomats.The draft Corporate Sustainability Due Diligence Directive requires firms to ensure their business model is consistent with limiting global warming to 1.5 degrees Celsius, and lets trade unions and non-government organisations bring legal claims for breaches.But “the necessary support wasn’t found” at a meeting of national ambassadors,…

UK Chancellor Jeremy Hunt met the chairman of the online retail giant and talked about its potential listing in the UK. ADVERTISEMENTFacing difficulties in the US to go public, online retail giant Shein could provide the biggest-ever initial public offering (IPO) on the London Stock Exchange (LSE), the market fighting to get back its old fame.Shein is exploring a London listing because it believes it is unlikely that the US Securities and Exchange Commission will approve its initial public offering (IPO), according to Bloomberg, citing people familiar with the matter.Founded in China, and later headquartered in Singapore, Shein applied to go…

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. China’s grand vision of the world-changing BRI may have not been realised, but something else is emerging in its wake — a powerful lever to bend authoritarian-leaning countries toward Chinese interests, Elaine Dezenski writes. ADVERTISEMENTHungary was the first European country to sign on to China’s trillion-euro Belt and Road Initiative. With Italy leaving the Belt and Road, or BRI, last year, and others in Europe expressing concern about engagement with China, Budapest may also soon be one of…

In an interview with Euronews, Brad Smith, President of Microsoft suggests that if AI ‘is the most powerful technology in the world, shouldn’t it have at least as much regulation as a carton of milk?’ ADVERTISEMENTMicrosoft was founded in 1975, almost 50 years ago, and is now one of the largest companies in the world. In fact, you’ll struggle to find anyone in the western world who hasn’t used a Microsoft product.In early 2024, they overtook Apple as the world’s most valuable company with a market capitalisation of $3.049 trillion (€2.809 trillion). Only the second company ever to surpass a…

The European Parliament needs to “stop being boring” if it wants to stand up to Vladimir Putin, Yulia Navalnaya told the hemicycle on Wednesday. ADVERTISEMENT”If you really want to defeat Putin, you have to become an innovator. You have to stop being boring,” Navalnaya said in a speech to lawmakers in Strasbourg.”You cannot hurt Putin with another resolution or another set of sanctions that is no different to the last one,” she added.”You cannot defeat him by thinking he is a man of principle who has morals and rules. He is not like that. And Alexei realised that a long time…

AI and aerospace are among the industries who will benefit from the offer made by Qatar’s leader on a state visit to France. ADVERTISEMENTA new strategic partnership will bring €10 billion into the French economy between 2024-2030, according to a new agreement signed by Qatar’s Emir Sheikh Tamim bin Hamad Al Thani and French President Emmanuel Macron on Tuesday.The leaders sealed the agreement as Qatar’s Emir started his two-day visit in France, the first state visit since his accession to the throne in 2013.The Qatari investment is going to benefit start-ups and investment funds in Europe’s second-biggest economy, targeting sectors including aerospace, artificial intelligence, energy…

Frontex should pull out of countries that fail to rescue migrants at sea or violate fundamental rights. Otherwise, the EU risks becoming “complicit” in the deaths, the European Ombudsman has warned in a new report. ADVERTISEMENTThe findings, released on Wednesday morning, offer a closer look at the often-fraught relation between the EU’s border agency and the 27 member states.The Ombudsman’s inquiry was launched in response to the Adriana shipwreck in June 2023, when an overcrowded vessel sunk off the coast of Messenia, Greece, and left more than 600 people either confirmed or presumed dead.The watchdog does not conclude that Frontex…

Mobile phone giant Vodafone is in negotiations to sell its Italian business, a deal it values at €8 billion. ADVERTISEMENTLondon-listed firm Vodafone has confirmed it is in exclusive talks with telecoms company Swisscom regarding a potential sale of Vodafone Italy.In a statement, the firm announced that “Swisscom will acquire Vodafone Italy for an enterprise value of €8 billion”, subject to “customary closing adjustments”.The deal, which Vodafone has said is not yet certain, comes after the firm rejected numerous bids from French telecoms company Iliad.Iliad had made a recent offer for the Italian branch that would have brought cash proceeds of…