Author: Euronews

Nvidia is already popular among investors with its market capitalisation rising to $1.83 trillion on Wednesday, surpassing Alphabet’s $1.82 trillion market cap – and now the AI darling of the markets has helped boost the stock of other AI companies by revealing its stake in them. ADVERTISEMENTThe chipmaker said in an SEC filing this week that it held investments in Arm Holdings, SoundHound AI, and biotech company Recursion Pharmaceuticals, as of 31 December 2023.Following the update, the share prices of the companies climbed, reflecting investor sentiment around anything AI related and linked to Nvidia.At the end of trading on Thursday,…

Shares in Italy’s Eni SpA fell on Friday after the company published its latest financial results. ADVERTISEMENTEni said in a press release that its full-year profits for 2023 stood at €8.3 billion, down almost 40% from the previous year, when energy prices were at record levels. Its adjusted operating profit (EBIT) for Q423 came in at €3.8 billion, which the company attributed to “steady” exploration and production results, a record-breaking GGP performance and a positive contribution from its Plenitude subsidiary.Specifically, Eni said its GGP adjusted EBIT was €0.68 billion and was helped in part thanks to a favourable outcome in…

A group of member states blocked on Friday a law designed to improve the conditions of platform workers across the European Union, pushing the legislation to the brink of limbo. ADVERTISEMENTThe coalition was large enough to act as a blocking minority and derail the political agreement reached last week between the Council and the European Parliament.Germany, the bloc’s most powerful state and host of Delivery Hero and Free Now, chose to abstain, complicating the arithmetic to obtain the required level of support.Greece and Estonia also abstained, while France, a vigorous opponent of the law, said it could not support the…

Consumer prices fell 0.2% in Europe’s second-largest economy in January compared to the previous month. ADVERTISEMENTDriven by a slowing increase in food and energy costs, annual consumer inflation in France, meanwhile, was confirmed at 3.1% in January 2024 from 3.7% in December, according to the French statistical office INSEE. The annual inflation rate was below expectations and marked the lowest price increase since January 2022. The decline was mainly due to a slowdown in energy prices, which rose by 1.9%, following a 5.7% price increase in December 2023. Food prices also receded somewhat, the overall food inflation reached 5.7% after 7.2%…

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. The passage of CSDDD is not negotiable: it is an essential stride towards a more just, sustainable, and accountable future. The decision on this law is an opportunity for the EU to lead by example, setting a standard that resonates globally, Catherine Howarth writes. ADVERTISEMENTIn an era marked by unprecedented global challenges, the imperative of enacting robust legislation that prioritises human rights and environmental protection cannot be overstated. As the EU stands at a crossroads, facing the choice…

The European Commission’s 2024 Annual Single Market and Competitiveness Report looks at how digital adoption and sustainability across the single market has evolved in the past year. ADVERTISEMENTThe European single market was incorporated in 1993, to enable the free movement of people, goods, services and capital throughout the European Union. It is the biggest trading bloc in the world, made up of 27 European Union states, with more than 440 million consumers. Liechtenstein, Iceland and Norway also have access to the bloc through the Agreement on the Economic Area, albeit with certain exceptions. Switzerland, on the other hand, can only…

Several EU leaders have said they hold the Kremlin directly responsible for the sudden death of Alexei Navalny. ADVERTISEMENTNavalny, 47, the face of Russia’s silenced opposition, died in prison on Friday following years of political persecution at the hands of the state.The EU, which has long saluted Navalny’s unwavering fight for Russian democracy, had previously attempted to exert pressure on the Kremlin for its systemic repression of government critics.EU leaders on Friday pinned blame for Navalny’s death – which has rocked Brussels and EU capitals – on Putin’s Russia.”The EU holds the Russian regime (solely) responsible for this tragic death,”…

French energy company EDF said on Friday that it returned to profit in 2023 as nuclear fleets reopened. ADVERTISEMENTThe power giant reported a net profit of €10 billion for last year, compared to the €17.9 billion loss it posted in 2022. This was largely due to higher nuclear power output in 2023.”In France, the 41.4TWh increase in nuclear power output to 320.4 Terawatt hour (TWh), in the upper end of the range announced for the year, illustrates EDF’s very good operational performance. “This turnaround was achieved by good management of the stress corrosion repairs and reactor outages, thanks to efficiency and reactivity…

Euronews Business looks at what the UK retail sales report for January could mean for the country as it goes through its current technical recession. ADVERTISEMENTThe UK’s month-on-month sales have risen to their highest rate since April 2021, boosted by gains in every sub-sector except clothing, according to new figures.This has led to increasing hopes that the UK could potentially see its way out of its current technical recession sooner than expected. The UK’s month-on-month retail sales report for January 2024 came out on Friday, showing that January retail sales clocked in at 3.4%, a huge step up from December’s -3.3%. The…

This article was originally published in Spanish Cheap Chinese solar panels are flooding the EU market and threatening the viability of homegrown companies. ADVERTISEMENTEurope’s solar industry warns it faces an “existential threat” and that unless action is taken soon, it could collapse in a matter of months. An industry group is calling on the European Commission to introduce emergency measures, for example by stocking up on solar panels to ensure liquidity.They say the influx of China-made solar panels, whose price is artificially lowered through generous state aid, into the EU market is to blame for the critical situation. According to the industry, Beijing has a…