Author: Euronews

Farmers across the EU argue the bloc’s environmental regulations, including initiatives like the Green Deal, hamper their operations and render their products less competitive against non-EU products. ADVERTISEMENTFrench President Emmanuel Macron was on Saturday welcomed at the annual Agricultural Fair by angry farmers calling for more government support and simplified regulations.During talks on-site with farmers’ representatives, Macron stressed that resolving this crisis would not happen quickly and highlighted the fair as a crucial moment for farmers, who have invested a lot of effort to showcase their animals and products. The annual fair opens a day after frustrated farmers returned to Paris with their tractors…

In the tumultuous Balkans, even matters of currency are transformed into instruments of political dispute. Which side will come on top in the current standoff between the euro and the Serbian dinar in Kosovo? ADVERTISEMENTAs news came out of Pristina in late January on the introduction of the euro as the legal tender throughout Kosovo, many were left puzzled. Clearly, the issue at hand is not exclusively a financial matter. It’s part of a broader context. Following a NATO intervention against Belgrade in 1999 and years of international presence, Kosovo adopted the euro as its official currency unilaterally back in 2002. However, due…

Euronews Business rounds-up the week’s market action as investors digest the week’s earnings and economic data. ADVERTISEMENTAt the time of writing, the FTSE 100, France’s CAC 40 and Germany’s Dax were all mainly higher after Nvidia delivered stunning results this week, setting off a rally in other technology companies that carried Wall Street to another record high.Nvidia results sets off stock rallyNvidia’s stock price surged on Thursday after delivering another blowout quarter, setting off a rally in other technology companies that carried Wall Street to another record high.The chipmaker, which soared 16.4%, reported scorching demand for its semiconductors. Its stock has…

On the two year anniversary of the Russia-Ukraine war, Euronews Business looks at how Russian businesses have done in the face of various international sanctions. ADVERTISEMENT24 February 2024 marks the two-year anniversary of Russia’s invasion of Ukraine. Back in February 2022, in a move that shocked the international community, Russia launched its special military operation against Ukraine.According to November 2023 data by the United Nations Human Rights Monitoring Mission in Ukraine, at least 10,000 civilians, including 560 children have been killed in Ukraine, since the invasion began. Russia, on the other hand, is estimated to have lost upwards of 300,000…

Germany saw a fall in gross domestic product in the last quarter of 2023, following two back-to-back quarters of stagnation. ADVERTISEMENTGermany’s quarter-on-quarter gross domestic product (GDP) report for Q4 2023 was released on Thursday morning. Europe’s largest economy saw a decline of 0.3% in the last quarter of 2023, according to the Federal Statistical Office. This was in line with analyst expectations.In the third quarter of 2023, Germany’s GDP contracted -0.1%. Due to the fourth quarter of the year also seeing a contraction, Germany could potentially be in technical recession, which is widely defined as two consecutive quarters of negative…

Various accounts accuse her of being in a new relationship with a Russian billionaire, despite the very recent death of her husband. ADVERTISEMENTYulia Navalnaya published a video on X (formerly Twitter) on Monday in which she vowed to continue the political work of her late husband, Alexei Navalny, who recently died in a Russian penal colony.And within hours, multiple accounts on the platform started massively sharing images of Navalnaya with another man on a beach, accusing the widow of already having found someone new.”Me and my new boyfriend are devastated by my husband’s death,” wrote one user.”Here’s a photo of the grieving…

Hungary has seen a steady but consistent rise in unemployment since mid-2022, as it dealt with the fallout from economic crises triggered by the COVID-19 pandemic and the beginning of Russia’s full-scale invasion of Ukraine. ADVERTISEMENTHungary’s unemployment rate jumped to 4.6% from November to January, up from 4% in the same period the previous year.The increase means that the number of people out of work aged 15-74 has gone up by 30,000 to 226,000, according to new figures released by Hungary’s central statistics office on Friday.The office said that of the total number of unemployed people in Hungary, 121,500 were…

The German financial centre beat off competition from eight others as the EU puts the final touches to dirty-money reforms. ADVERTISEMENTFrankfurt has won the race to host the EU’s prestigious new anti-money laundering authority, AMLA, the centrepiece of reforms that follow a series of dirty money scandals.Germany’s financial centre beat off competition from major cities including Paris, Madrid and Rome, in a Thursday night (22 February) vote procedure that could set a new precedent for the future siting of EU agencies.“We’ve had so many wake-up calls in recent years when it comes to dirty money being washed through the mainstream…

The San Francisco-based firm is set to make its stock market debut in March, the first social media IPO since Pinterest went public in 2019. ADVERTISEMENTReddit confirmed rumours on Thursday by filing with the US Securities and Exchange Commission in preparation for its IPO launch.The company will offer formerly private shares on the New York Stock Exchange, listed under the ticker symbol RDDT.Prices and the number of shares up for grabs have not yet been determined, but Reddit has announced a surprising quirk that will favour active users of its platform.Although IPOs are usually only available to institutional investors, Thursday’s…

Two complaints made over past year cover several appointments, alleging irregularities in pre-selection, bias, nepotism and graft. ADVERTISEMENTEuropean anti-fraud office OLAF has received two complaints alleging fraud surrounding recruitment at the EU’s Alicante-based intellectual property office (EUIPO), Euronews can reveal, according to two sources familiar with the complaints and sight of related documents.The two complaints were made within the last year and relate to several recruitment and selection processes. They allege frequent irregularities in the work of pre-selection committees, with a view to present sole candidates for selection, or to favour specific candidates.In two of the recruitment processes subject to…