Author: Euronews

The impasse in the US Congress over new assistance to Ukraine “has already had consequences” on the battlefield, Jens Stoltenberg has warned. ADVERTISEMENT”It is impacting the flow of support,” the NATO Secretary General said on Wednesday afternoon after a two-day meeting of defence ministers in Brussels.”To some extent, this can be compensated by increased support from other allies. And European allies and Canada are stepping up, are doing more. If we put together the military, the economic and the humanitarian support, actually Canada and European allies are providing more support than the United States,” he went on.”But the United States being…

Euronews business breaks down the latest inflation figures from Spain, Poland, Greece, and Ireland. ADVERTISEMENTInflation in Spain climbed as it saw consumer prices rising by 3.4% year-on-year amid economic uncertainties.This was in contrast to some other EU countries where inflation figures slipped. The Republic of Ireland experienced a slight fall in its annual inflation rate, while Greece saw a decline in January inflation compared with December 2023, and Poland saw a notable drop in its yearly inflation rate from December 2023 to January 2024.Euronews Business breaks down the latest figures. Spain consumer prices increaseConsumer prices in Spain rose in January, up…

Israel published, then deleted, a controversial video in which it claims it is not blocking aid deliveries to Gaza. Euronews’ Sophia Khatsenkova investigates. ADVERTISEMENTIsrael published a video on its X (formerly Twitter) account in early February promoting its efforts to ensure humanitarian aid reaches the besieged Gaza Strip, in a bid to dispel claims it has been actively blocking deliveries.However, some social media users quickly denounced Israel for disinformation, claiming many of the images used in the video are unrelated to the current conflict.The video, seen below, claims to show the aid provided to Gazans in the four months since…

Eurozone imports and exports declined in December 2023, according to first estimate data released by Eurostat on Thursday. Euronews Business summarises the data and findings. ADVERTISEMENTThe first estimate figures for euro area exports of goods to the rest of the world in December 2023 was €218.7 billion, a decrease of 8.8% compared with December 2022 (€239.9 bn). Imports from the rest of the world, meanwhile, stood at €201.9 billion, a fall of 18.7% compared with December 2022 (€248.3 bn).As a result, the euro area recorded a €16.8 billion surplus in trade in goods with the rest of the world in December…

Latvia’s defence minister Andris Sprūds said the coalition would set a goal of delivering a million drones to Ukraine. ADVERTISEMENTThe UK and Latvia are spearheading a “capability coalition” to provide Ukraine with up to a million battlefield drones to bolster its war efforts.In a statement released Thursday, the UK government said the coalition would “scale up and streamline” the supply of drones, including first-person view (FPV) drones – the cheap airborne weapons that have become a vital tool in Ukraine’s efforts to push back Russia’s invasion.The scale-up of drone supply will provide Ukrainian forces with better situational awareness to target…

Millions of implausibly registered legal structures pose a risk of money laundering or evasion of tax and sanctions, Euronews was told. ADVERTISEMENTEurope is home to potentially millions of empty shell companies that could be used to evade taxes or sanctions, or launder money, recent data shows.Now EU lawmakers are agitating for more to be done against those idle corporate structures, which potentially offer an escape from European taxes and sanctions against Russia.Recent data from Moody’s shows nearly 5 million suspect companies in the UK alone, while the EU racks up nearly 4 million – with France and Cyprus leading the…

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. Over and above the environmental risks and the precedent such a decision would set, exploiting the seabed is by no means a good economic deal, MEPs MEP Pascal Canfin and Catherine Chabaud write. ADVERTISEMENTHas Norway paved the way for deep-seabed mining following the Storting’s vote on 9 January? The opening up 281,000 square kilometres (the equivalent of half of France’s land area) to mineral prospecting, with a view to future exploitation, raises numerous concerns, such as the environmental…

Thousands of luxury VW cars have been seized by US customs officials over a part linked to allegations of forced labour in China’s Xinjiang region. ADVERTISEMENTUS authorities have impounded and are investigating thousands of European luxury cars from brands such as Porsche, Bentley and Audi over allegations they have violated laws that ban imported goods made through forced labour in China.According to the Financial Times, German car maker Volkswagen, which encompasses the likes of Porsche, Bentley and Audi, has decided to delay deliveries while the electronic components suspected of breaching the law are replaced.The process may take until the end of…

Schemes such as the Married Couple’s Allowance and pension tax relief could help UK taxpayers save money. ADVERTISEMENTWhile taxes may be an inevitable, if somewhat tedious part of our lives, nobody wants to be paying more than necessary. Although the UK has relatively lower tax than several European countries, with the cost of living and interest rates in the UK still uncomfortably high, people in the UK are finding it harder to save money.According to the Resolution Foundation, more than 11 million Britons have less than  £1000 (€1175) put away in savings for a “rainy day” as the cost of living…

In Silicon Valley, some say that the app Superhuman is the next frontier of work. However, its principle is not as futuristic as one might expect; there’s no quantum, blockchain, metaverse, or whatever. ADVERTISEMENTMy Wildest Prediction is a podcast series from Euronews Business where we dare to imagine the future with business and tech visionaries. In this seventh episode, Tom Goodwin talks with Rahul Vohra, CEO of Superhuman, about the future of work.From the first “@” to office stapleIn the early days of instant communication, there was a clear issue: how to designate the destination of a message within a…