Author: Euronews

Retirement may seem a long way off at the start of your career but it’s never too early to start saving for a pension. ADVERTISEMENTRetirement may sound a long way off for someone at the beginning of their working life but time can pass surprisingly quickly.A person retiring in the UK today would receive £203.85 a week from the State pension, providing they have 35 years of National Insurance contributions. Currently, the State pension begins at 66 but is set to rise to 67.According to the Department for Work and Pensions, the average weekly income for a pensioner in 2022…

Euronews Business takes a closer look at the top-performing European sectors in 2023. ADVERTISEMENTAs 2023 draws to a close, European stocks have much to cheer about, with the pan-European index seeing a 20% surge and surpassing many expectations at the onset of the year.However, this upward trajectory is not evenly spread across sectors meaning a varied economic landscape offers a wide spectrum of investment possibilities for the upcoming year.Recap of 2023: Sector highlights and disappointmentsThe top-performing European sector in 2023 has been the information technology, with a robust 19% gain. A closer look within the sector reveals the Dutch BE…

Thousands of employees from more than 30 countries donated to what is called the biggest fundraising in the company’s 30-year-old history. ADVERTISEMENTWith a colleague held hostage in Gaza, US chipmaker Nvidia and its employees around the world gathered funds and donated $15 million (€13.6 million) to Israeli and foreign non-profit organisations to help civilians affected by Israel’s war with Palestinian militant group Hamas.Thousands of employees from more than 30 countries donated a total of $5 million, which the company matched and doubled to $10 million, reported Reuters.According to the company’s press release, the donation was the largest humanitarian fundraiser in Nvidia’s 30-year-old…

Nearly one in four French people considered selling their unwanted gifts this year, according to a report by e-commerce site eBay. ADVERTISEMENTSanta Claus barely finished dropping off his gifts in French households, and already some are listed for sale. Gift resale advertisements have exploded since Christmas Day, according to e-commerce marketplace eBay, reporting that three to four gifts have been resold every minute since Monday morning, resulting in some 300,000 new announcements of second-hand items expected by the end of the day. The number of new listings is expected to reach one million by 28 December and swell further to 3 million by 3…

With 2023 being somewhat disappointing in terms of initial public offerings, investors are looking ahead to see what’s in store for the IPO market in 2024. ADVERTISEMENTThis year saw about 968 initial public offerings (IPOs) around the world in the first three quarters of the year. This was a fall of about 8% compared to 2022. However, 2024 offers a glimmer of hope for the IPO market. This is due to investors anticipating several major central banks, such as the US Federal Reserve and the European Central Bank, to start cutting interest rates.Several companies which went public this year have had…

Another fake Euronews report has been brought to our attention, claiming our fact-checking unit, The Cube, has investigated the cryptocurrency links of a top Ukrainian official. Euronews never published such a report and our logo and text have been used without our permission. ADVERTISEMENTA fake Euronews video is being shared online claiming our fact-checking segment The Cube has investigated cryptocurrency links with a senior Ukrainian official.The doctored BBC report claims that Andriy Yermak, the Head of the Office of Ukrainian President Volodymyr Zelenskyy, has hidden “€100 million in a cryptocurrency wallet” after a cyberattack hit Binance, allegedly exposing the data of…

The European stock market has been nothing short of impressive in 2023, with a narrative of resilience and remarkable success that defied early-year scepticism. ADVERTISEMENTThe Euro Stoxx 50 index, a key benchmark for Europe’s corporate giants, has seen an impressive year-to-date increase of 19%, rebounding after the 12% drop suffered in 2022.Leading the charge in terms of performance within the Euro Stoxx 50 are some of Europe’s most renowned names, showcasing significant gains that have left investors pleasantly surprised.Italy’s financial institution Unicredit SpA has particularly stood out, with its shares surging by an astonishing 84%, showcasing the bank’s robust business…

The chip maker has agreed to invest billions in Israel after securing a generous incentive from the country’s government. ADVERTISEMENTUS chip maker Intel has confirmed a new $25 billion (€22.6 billion) investment in Israel, which is called the largest ever made by a company in the country. As part of the deal, Intel has received a $3.2 billion (€2.9 billion) grant from Israel’s government for the new chip-making plant. The US chip maker’s show of support and long-term engagement comes at a time when Israel’s war with the Palestinian militant group Hamas is escalating, triggering rising pressure from the US on Israel…

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. In the European corridors of power, people are very well aware that if the necessary reforms are not implemented, 2024 will open another cycle of blame and threats that will poison EU-Turkey relations once again, Christos Kourtelis and Caglar Ozturk write. ADVERTISEMENTA few months before the elections in Turkey in May, the incumbent President Recep Tayyip Erdoğan showed some signs of changing his aggressive tone towards the EU. He stated that Turkey intended to become a full member of the…

The announcement comes amid unprecedented Western sanctions on Russia over the invasion of Ukraine. ADVERTISEMENTRussia says it has almost completely redirected its oil exports to China and India and its revenues are back at the same level as of 2021.That’s according to Alexander Novak, the Deputy Prime Minister in charge of energy.Novak says Russia, currently under a large number of Western sanctions for its offensive in Ukraine is now selling some 45-50% of its oil to China and a further 40% to India.”If previously we supplied Europe with 40-45% of the total volume of exports of oil and oil products,…