Author: Euronews

Donald Trump’s potential re-election in 2024 could leave Europe “on its own”, Belgium’s Prime Minister Alexander De Croo warned on Tuesday. ADVERTISEMENTSpeaking at the first plenary session of the year in the European Parliament in Strasbourg, De Croo said Europe should “not fear” the prospect of a Trump comeback.”If 2024 brings us America First again, it will be more than ever Europe on its own,”  De Croo said.”We should, as Europeans, not fear that prospect,” he added. “We should embrace it by putting Europe on a more solid footing, stronger, more sovereign, more self-reliant.”His stark warning came hours after Trump’s…

At Davos, Spain’s Prime Minister Pedro Sánchez articulated his vision for a unified Europe, highlighting his country’s economic resilience and commitment to democracy and environmental sustainability. He also stressed support for Ukraine and advocated for a federal European Union. ADVERTISEMENTPedro Sánchez, Spain’s Prime Minister, recently delivered a pivotal speech at the Davos World Economic Forum, highlighting Spain’s commitment to a unified, resilient Europe, championing environmental and social well-being.Here’s a roundup of his most important economic points.Spain’s stance on global challengesSánchez began his address with a stark reminder: “The future stability of the world is being decided in Ukraine and Gaza…

European Union member states added Hamas political leader Yahya Sinwar to the EU’s terrorist list on Tuesday. ADVERTISEMENTThe move allows the bloc to freeze Sinwar’s funds and other financial assets in EU member states, and to prohibit EU-based operators from making economic resources available to him.Considered to be one of the main inter-connecting figures between Hamas’ political and military wings, Sinwar – a Gazan – was elected commander of the organisation’s armed forces and overall leader in Gaza in 2017.He was previously arrested by Israel on multiple occasions, and eventually released as part of a prisoner exchange in 2011. He was added to…

“Our continent has a lot of savings, but these savings are not circulating towards the right places, towards the right sectors. We can move forward, all 27 of us,” Macron said in a speech at the WEF in Davos. ADVERTISEMENTFrench President Emmanuel Macron presented a comprehensive vision for the future of France and Europe at the World Economic Forum (WEF) in Davos on Wednesday, emphasising economic reforms, environmental sustainability, and the strengthening of European sovereignty.Euronews Business gives a rundown of his headline points.Tax reforms and green investmentsMacron opened his address by highlighting significant tax reforms in France, including a notable…

Trade disruptions caused by instability in the Red Sea pose a risk for the EU’s economic outlook as well as the supply and price of energy, the bloc’s trade commissioner Valdis Dombrovskis warned on Tuesday. ADVERTISEMENT“We see already that there are disruptions to the shipping routes concerning the Red Sea and, correspondingly, the use of the Suez Canal,” Dombrovskis said.”Currently, we see that the effects of those disruptions are contained. Also their effects on, for example, oil and gas prices, are contained,” he added. “But certainly this is a risk for the European economy which we need to follow very…

People in the US stepped up their spending at retailers in December, closing out the holiday shopping season and the year on an upbeat tone and signalling that people remain confident enough to keep spending freely. ADVERTISEMENTRetail sales accelerated 0.6% in December from November’s 0.3% increase, the US Commerce Department reported earlier this week, highlighting the country’s economic momentum as it heads into the new year.As spending by consumers accounts for nearly 70% of the US economy (compared to just 50% of the EU and euro areas’), the report suggested that shoppers will be able to keep fueling economic growth…

Some social media users are claiming this is the latest shocking campaign to denigrate Palestinians. The Cube took a closer look at the viral video. ADVERTISEMENTIt’s an image that has shocked many social media users lately. The viral clip appears to show a wounded baby doll surrounded by toy soldiers with an Israeli flag in the background.The packaging says in Spanish the item “includes a Palestinian baby” and “elite soldiers” and appears to be sold by toy street vendors. Multiple social media users were quick to jump to the conclusion this toy was made by an Israeli company and sold in…

Rules agreed overnight will ban large cash transactions and apply to major football clubs ADVERTISEMENTEU lawmakers hope a new anti-laundering law agreed today (18 January) can start to repair a reputation tarnished by years of dirty-money scandals.As previously reported by Euronews, the law will ban cash transactions over €10,000 and extend to the football sector – but only large professional clubs will be caught.“It’s been decades that we’ve been dithering over the fight against money laundering and terrorist financing,” Damien Carême told reporters following the agreement, saying the new law would avoid loopholes that could be used by “oligarchs and…

Two ‘tribes’ of voters, one mostly worried about climate change and the other about immigration, could shape the outcome of June’s European elections, according to a new report. ADVERTISEMENTThe study published on Wednesday by the European Council on Foreign Relations (ECFR) predicts a clash in June’s vote between those most worried about the extinction of human life due to climate change, and those fearing the “disappearance of their nation and cultural identity” due to immigration.The findings are based on polling in eleven European countries – including nine EU nations representing 75% of the bloc’s population – which suggests Europe’s voters…

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. By providing the right opportunities and training, current workers will benefit from new opportunities and younger generations will not only inherit a better climate but also the means to thrive, Ignacio Galán writes. ADVERTISEMENTThe transition to net zero is a revolution for the entire economy. Every sector will undergo change, but energy will see one of the greatest transformations — and the greatest opportunity. We are moving rapidly away from a dependence on polluting fossil fuels, towards clean forms of…