Author: Euronews

Last year, Donald Tusk’s government unblocked billions of euros of frozen EU reconstruction funds for Poland, which was considered a significant success for the ruling coalition. Now, however, the government faces allegations of misspending these funds on yachts, saunas and other luxury goods.

ADVERTISEMENT Brits are swapping London’s glittering storefronts for Paris’ grands magasins and Milan’s Quadrilatero della moda — and the numbers behind the luxury exodus are startling. Since tax-free shopping became possible for UK visitors in the EU after Brexit in January 2021, British consumers have increasingly directed their high-end spending towards brands and stores across the Channel. According to a recent report published by the Association of International Retail (AIR), Britons shelled out €854 million (£730mn) on VAT-free shopping in the EU in 2024, a five-fold leap from €169mn in 2021. “This is not the same people spending a bit…

ADVERTISEMENT 2024 was Europe’s hottest year since records began in 1940. Hotter and drier conditions, combined with more frequent droughts and heatwaves, are creating highly flammable landscapes, particularly in southern and central Europe, according to the European Environment Agency. Portugal recorded the largest burned area in the EU in 2024, with nearly 450 km2 of land destroyed. Fires occurred early in the wildfire season on the island of Madeira, and later around mid-September on the mainland. After Portugal, Bulgaria and Spain were the countries where flames consumed more land, with 310.9 km2 and 186.5 km2 burned, respectively. It is not…

Trump said on his Truth Social platform that Lip-Bu Tan was “highly conflicted”, but did not elaborate. The president was seemingly accusing Tan of holding problematic ties with the Chinese Communist party.

ADVERTISEMENT Israel has taken some “notable positive” steps to improve the situation in Gaza including resuming fuel delivery, but the humanitarian situation is “very severe”, and the scale of destruction “unprecedented”, according to a confidential report seen by Euronews and circulated by the EU’s External Action Service to member states.    The report is a regular update presented to EU diplomats on Wednesday on the steps taken so far by Israel to implement a deal agreed with the bloc less than a month ago to improve humanitarian aid access into Gaza.  At the time the EU announced that it had agreed “significant steps”, including…

The announcement comes more than three months after Trump temporarily exempted most electronics from his administration’s most onerous tariffs.

ADVERTISEMENT Since 2010, housing prices in the European Union have surged by over 50% on average, while rents have climbed by 26%. Spain is among the hardest-hit nations, with rents increasing by up to 80% in the past decade.  This is a crisis caused by a cocktail of scarce housing supply, inflated construction costs, the boom in short-term rentals, and foreign investor speculation. “Barcelona is a city full of tourists. Rents are extortionate,” says Rosario Castelló, a longtime resident and member of the tenants’ union, Sindicat de Llogateres.  She faces eviction after her apartment block was purchased by Vandor Group,…

Published on 06/08/2025 – 11:38 GMT+2 ADVERTISEMENT Novo Nordisk reported results for the first half of 2025 on Wednesday, days after issuing a profit warning that triggered a 23% single-day share price plunge — the steepest in its history. The results were broadly in line with expectations. In the first six months of 2025, Novo Nordisk’s sales increased by 16% in Danish kroner and by 18% at constant exchange rates (CER) to DKK 154.9bn (€20.77bn). US sales climbed 16% in kroner (17% at CER), boosted by accounting changes. This included a DKK 3bn (€402 million) provision in the second quarter…

Immigrants, people with disabilities and individuals at risk of poverty or social exclusion report facing more discrimination in the EU than those who do not belong to these groups.

Geopolitical unrest and trade uncertainty are complicating mergers and acquisitions (M&A). Despite the volatility, battle-hardened executives are pushing ahead with dealmaking.