Author: Euronews

Shares climb in Europe as the S&P 500 nears the 5,000 level for the first time as strong financial results continue. ADVERTISEMENTEuropean stocks were further boosted on Thursday as the S&P 500 continues to near the 5,000 mark, a landmark level, as investors continue to digest a raft of strong earnings reports this week.Germany’s DAX gained 0.31% to 16,973.07 and the CAC 40 in Paris advanced 0.54% to 7,652.68, while Britain’s FTSE 100 picked up 0.1% to 7,629.15, at the time of writing.Wall Street also rose to the edge of the record-breaking 5,000 milestone on Wednesday too – as Ford Motor,…

Recent global events have sparked fears of a commercial real estate crisis in Europe, mirroring situations in Japan and the US. Notably, Deutsche Pfandbriefbank AG faces significant downturns due to the real estate market’s weakness. ADVERTISEMENTThe past week has witnessed significant downturns in the stock values of several banks worldwide, particularly those with substantial exposure to commercial property loans. Mirroring unsettling developments in Japan and the United States, Europe is now facing the prospect of an emerging commercial real estate crisis.The American prelude: A warning signThe situation took a concerning turn in the United States, where New York Community Bancorp…

Shares in AstraZeneca were down nearly 4% on the London Stock Exchange on Thursday morning after reporting its latest financial results. ADVERTISEMENTThe Anglo-Swedish biopharmaceutical company reported $45.8bn (around €41.7bn) in revenue for the financial year 2023 and highlighted strong sales for its cancer drug. It also posted gross profit of more than $37.5bn (around €34bn), up from $32bn (around €29bn) in 2022.The results were driven by oncology drugs, which made up more than a third of sales reported.Why AstraZeneca stock is downHowever, the news failed to cheer investors with the company’s stock down 3.76%, at the time of writing. “Many investors view AstraZeneca…

The impact of lockdowns on children’s education during the Covid-19 pandemic may have set back the chances of increasing global economic growth by up to 40 years, according to the Organisation for Economic Cooperation and Development (OECD). ADVERTISEMENTThe bleak prediction was put forward by the OECD in its February 2024 interim economic outlook: “Strengthening the Foundations for Growth.” The interim report looks at the global economic outlook and inflation forecasts for 2024, as well as ongoing geopolitical risks such as trade disruptions from the Red Sea conflict. Lockdown impact on children’s education could slow growthThere was an unprecedented drop in mathematics and reading…

In this episode of Real Economy, Euronews reporter Fanny Gauret travels across Europe to explore the challenges businesses are facing and how they are upskilling workers amid the digital and green transitions. Approximately 63 per cent of small and medium-sized businesses in Europe say labour and skills shortages are holding them back in their general business activities, a recent Eurobarometer survey found.In a bid to support European businesses, boost staff retention and equip professionals with the skills they need for the future, the European Commission and its partners announced at the Val Duchesse summit at the end of January that…

Shares in France’s TotalEnergies declined on Wednesday morning after the company reported a 31% drop in fourth-quarter (Q4) earnings. ADVERTISEMENTAt the time of writing, TotalEnergies stock was down 1.23% at €59.45 on the London Stock Exchange, reflecting investor sentiment after the company reported its latest Q4 earnings results.The energy giant said adjusted net income fell 31% in Q4 from a year earlier to $5.23 billion (around €4.8bn), missing the average analyst estimate of $5.66 billion (around €5.2bn), due to weaker oil and gas prices and shrinking refining margins.TotalEnergies shares 2024 outlookIn its outlook for 2024, the energy giant acknowledged the…

A door that flew off a Boeing 737 Max mid-flight may not have been properly attached, according to a new safety report. ADVERTISEMENTFour bolts appear to have been missing from a door panel that blew off a Boeing plane during an Alaska Airlines flight on 5 January, according to a new report from the US National Transportation Safety Board.”Whatever final conclusions are reached, Boeing is accountable for what happened,” Boeing CEO, Dave Calhoun, said in response to the findings.”An event like this must not happen on an airplane that leaves our factory. We simply must do better for our customers and…

In this edition, we discuss the root causes for the farmer protests across Europe and EU Commission plans to update animal welfare. ADVERTISEMENTThis week, we are joined by Fabrizio Rossi, the Secretary General of the Council of European Municipalities and Regions, Green MEP Tilly Metz, and Euronews’ health and food reporter Gerardo Fortuna.Panellists discussed the ongoing farmers’ revolt across Europe that saw thousands of tractors descend upon Brussels this week. Frustrated farmers set fires in front of the European Parliament and threw eggs at the building. Tilly Metz says she feels their pain.Another topic discussed on this week’s show was…

Northern Ireland saw the highest growth within the UK, where house prices increased by about 5.3% annually. ADVERTISEMENTThe outlook for the UK housing market seems to be a little brighter as house prices went up for a fourth consecutive month in January 2024, according to data from the Halifax House Price Index. The Index revealed that the cost of an average house in the UK last month was estimated to set buyers back by about £291,029, which is £3,900 more expensive than in December. Good news for home owners but perhaps not for buyers.The year-on-year Halifax House Price Index for January…

Members of the European Parliament approved on Wednesday a critical resolution about the “worrying” decline of the rule of law in Greece, pointing the finger at Prime Minister Kyriakos Mitsotakis. ADVERTISEMENTThe non-binding text details a string of concerns about the current state of Greek democracy, including harassment of journalists, privacy violations, wiretapping of political opponents, excessive use of police force, conflicts of interests, alleged corruption, smear campaigns against civil society and the “systematic” pushbacks of migrants.Notably, MEPs ask the European Commission to assess whether the breaches of fundamental rights are grave enough to merit the review – and possible suspension…