Author: Euronews

Millions of implausibly registered legal structures pose a risk of money laundering or evasion of tax and sanctions, Euronews was told. ADVERTISEMENTEurope is home to potentially millions of empty shell companies that could be used to evade taxes or sanctions, or launder money, recent data shows.Now EU lawmakers are agitating for more to be done against those idle corporate structures, which potentially offer an escape from European taxes and sanctions against Russia.Recent data from Moody’s shows nearly 5 million suspect companies in the UK alone, while the EU racks up nearly 4 million – with France and Cyprus leading the…

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. Over and above the environmental risks and the precedent such a decision would set, exploiting the seabed is by no means a good economic deal, MEPs MEP Pascal Canfin and Catherine Chabaud write. ADVERTISEMENTHas Norway paved the way for deep-seabed mining following the Storting’s vote on 9 January? The opening up 281,000 square kilometres (the equivalent of half of France’s land area) to mineral prospecting, with a view to future exploitation, raises numerous concerns, such as the environmental…

Thousands of luxury VW cars have been seized by US customs officials over a part linked to allegations of forced labour in China’s Xinjiang region. ADVERTISEMENTUS authorities have impounded and are investigating thousands of European luxury cars from brands such as Porsche, Bentley and Audi over allegations they have violated laws that ban imported goods made through forced labour in China.According to the Financial Times, German car maker Volkswagen, which encompasses the likes of Porsche, Bentley and Audi, has decided to delay deliveries while the electronic components suspected of breaching the law are replaced.The process may take until the end of…

Schemes such as the Married Couple’s Allowance and pension tax relief could help UK taxpayers save money. ADVERTISEMENTWhile taxes may be an inevitable, if somewhat tedious part of our lives, nobody wants to be paying more than necessary. Although the UK has relatively lower tax than several European countries, with the cost of living and interest rates in the UK still uncomfortably high, people in the UK are finding it harder to save money.According to the Resolution Foundation, more than 11 million Britons have less than  £1000 (€1175) put away in savings for a “rainy day” as the cost of living…

In Silicon Valley, some say that the app Superhuman is the next frontier of work. However, its principle is not as futuristic as one might expect; there’s no quantum, blockchain, metaverse, or whatever. ADVERTISEMENTMy Wildest Prediction is a podcast series from Euronews Business where we dare to imagine the future with business and tech visionaries. In this seventh episode, Tom Goodwin talks with Rahul Vohra, CEO of Superhuman, about the future of work.From the first “@” to office stapleIn the early days of instant communication, there was a clear issue: how to designate the destination of a message within a…

Economists had predicted that rising prices would accelerate slightly. ADVERTISEMENTInflation in the UK stayed flat at 4% in the 12 months leading up to January, thanks to an easing in prices for furniture, household goods, food and non-alcoholic beverages.Experts had been expecting a slight increase by about 0.2%, according to reports.The country’s Office for National Statistics (ONS) said that the freeze in the annual inflation rate between December and January was due to prices falling by 0.6% on the month – the same rate as a year prior.Most notably, prices for food and non-alcoholic beverages saw their first month-on-month fall…

Bitcoin ETFs have seen more demand than previously expected, following last month’s approval by the US Securities and Exchange Commission. ADVERTISEMENTBitcoin prices hit $51,757 (€48,274) on Wednesday afternoon, the highest since the beginning of December 2021, following surging demand for Bitcoin exchange-traded funds (ETFs).The US Securities and Exchange Commission approved the first US-listed Bitcoin ETF in January 2024, in an historic move for the global cryptocurrency industry.The initial response was not as expected, due to investors still being wary about the risks posed by cryptocurrency. However, in the 30 days following the approval, Bitcoin ETFs have already accounted for about…

“We should not undermine the credibility of NATO’s deterrence,” Jens Stoltenberg said on Wednesday, issuing a public rebuke to Donald Trump. ADVERTISEMENT”Deterrence is in the mind of our adversaries. We should not leave (any) room of miscalculation or misunderstanding in Moscow about our readiness, our commitment and our resolve to protect all allies,” the Secretary-General said on Wednesday ahead of a meeting in Brussels of the alliance’s defence ministers.”And the reason to do so is not to provoke a conflict but to prevent a conflict as NATO has done successfully for the 65 years.”Keeping NATO strong is in “the national interest of…

Lyft shares jumped 62% after the closing bell on Tuesday thanks in part to a typo in the ride-hailing company’s earnings release that appears to have sent investors’ auto-trading algorithms – or “bots” – into a buying frenzy. ADVERTISEMENTLyft’s fourth-quarter report initially forecast that an important profit metric was expected to climb by 500 basis points, or 5%, in 2024. However, the company informed investors about five minutes after the original release that there was one zero too many in that number and corrected it to 50 basis points, a much more realistic 0.5%. Shares retreated after the correction, but…

As the grim milestone of two years of war looms, Ukrainians tell Euronews they hope Russia’s brutality and propaganda campaigns will not dent Western support to Kyiv. ADVERTISEMENTYuliia Kanivska is a mother of one from Irpin, a commuter city that lies 20km north of Ukraine’s capital, Kyiv.Much of Irpin was destroyed during a month-long occupation in 2022, before it was recaptured by Ukrainian forces.“I was very scared; we didn’t think that Russia could invade us,” Yuliia told Euronews’ Shona Murray.Yuliia also worries pro-Russian propaganda could skew the reality of Ukraine’s suffering and undermine Western support for the war-torn nation.”Because a…