Author: Euronews

As the year draws to a close, Euronews breaks down ten pivotal moments that shaped Europe in 2023. 1. One year of war in UkraineADVERTISEMENTUkrainian President Volodymyr Zelenskyy marked one year since the outbreak of Russia’s war in Ukraine with a whirlwind tour of London, Paris and Brussels. He called on allies to step up their support for the war-torn country, and in Brussels pitched for Ukraine’s speedy accession to the European Union.”This is our Europe. These are our rules. This is our way of life. And for Ukraine, it’s a way home,” Zelenskyy told a full house of the…

Euronews Business looks at how major healthcare stocks such as Pfizer and Moderna performed this year ADVERTISEMENTHealthcare stocks have lagged quite a bit this year, as pandemic and vaccination profits start to taper off. While medical device makers may have got a gloomier deal, weight-loss drug manufacturers did considerably better.Consistent monetary policy tightening by the US Federal Reserve (Fed) has been pressurising the healthcare sector. Continued resilience in the US economy has also dampened demand somewhat, especially since healthcare stocks are seen more as a defensive, or hedging sector, with more or less constant demand.Novo NordiskAt the time of writing,…

France, Germany and the United Kingdom have joined the United States in condemning Iran’s sharp increase in enriched uranium production as part of its nuclear programme. ADVERTISEMENTA report published on Tuesday by the International Atomic Energy Agency (IAEA) found that Iran had accelerated its production of 60% enriched uranium to a rate of nine kilograms a month since the end of November, up from around three kilograms in the previous months since June.The four Western nations said in a joint statement on Thursday that this represents a “backwards step” in what had previously been a slowdown of Tehran’s nuclear activities.”We condemn…

Elon Musk may not be sitting too long on top of the world’s biggest electric car empire. ADVERTISEMENTChinese automaker BYD calls itself ‘the biggest car brand you’ve never heard of,’ yet they are on the verge of surpassing Tesla in global sales, according to a new report.Although BYD is one of the world’s largest electrical vehicle (EV) manufacturers, the brand is not widely known among European car buyers. However, this might soon change, given BYD’s strong sales performance in two crucial European markets, Germany and Sweden. The company has also announced the opening of its first European EV factory in Hungary.Meanwhile, BYD has…

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. The extraordinary nature of the pandemic led to unprecedented acts; today, similarly, the impending threat of the climate crisis on our planet, and its consequences on the very foundations of our society, require responses that rise to the occasion, Eleonora Volpe writes. ADVERTISEMENTOn 11 December, the European Economic and Social Committee met to discuss the proposal for new fiscal rules for the EU. The next day, we met, together with Belgian and European trade unions, in a demonstration…

Francoise Bettencourt Meyers, the heiress of L’Oreal, is the first woman to surpass a €90 billion fortune, according to Bloomberg. ADVERTISEMENTFrancoise Bettencourt Meyers, the L’Oreal inheritor and richest woman in the world, has become the first woman to possess a wealth of over €90 billion, according to the Bloomberg Billionaires Index.She was ranked as the 12th world’s richest person, surpassing Mukesh Ambani and trailing behind Carlos Slim, who recently became the first person from Latin America to surpass the €90 billion mark.Bettencourt Meyers reached this milestone as L’Oréal SA, the cosmetics empire her grandfather started, saw its stocks hit a…

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. While Delors’ little-known Yugoslavia episode was overshadowed by the atrocities of the 1990s conflict, he left us a lasting lesson on how European unity could — or should try to — prevent violence and brutality, Aleksandar Brezar writes. ADVERTISEMENTThe passing of former European Commission President Jacques Delors’ on Wednesday stirred an outpouring of emotions across the continent, as people were reminded of the legacy of a true European political giant.From his humble beginnings as a French socialist, Delors is singularly credited with…

Euronews Business takes a closer look at how airline and hospitality stocks did in 2023. ADVERTISEMENTAs hospitality and airline stocks still basked in the travel rebound that followed the COVID-19 pandemic, an industry-wide rally unfolded during the year. Cruise operators such as Carnival and travel booking and aggregator sites such as Expedia scooped most of the gains.International travel is relatively cheap compared with last year. A large number of deals on packages and added extras have contributed greatly to this phenomenon, as travel companies are eager to offer incentives to make up for lost profit in the pandemic years.What is…

An estimated two billion people in 50 countries worldwide could head to the polls in 2024, more than in any other year in history. ADVERTISEMENTIn June, the world’s biggest cross-border election will take place when more than 400 million people are expected to vote in the European elections.But with high-stakes votes planned in populous nations such as the US, India and Indonesia, autocratic states including Belarus, Iran and Russia, and strategic allies Taiwan and the United Kingdom, elections within and beyond Europe’s borders have the potential to deeply affect the continent.Potential government changes could decisively tip the geopolitical balance, affecting…

Denmark’s Maersk, like several other shipping companies, had paused Red Sea journeys due to Houthi attacks in the area. ADVERTISEMENTShipping mogul Maersk is preparing to restart operations in the Red Sea, following a brief hiatus, citing that the US-led multinational naval operation Operation Prosperity Guardian (OPG) has been set up to protect shipping from attacks by Houthi rebels in the region.Maersk said in a statement Sunday, “With the OPG initiative in operation, we are preparing to allow for vessels to resume transit through the Red Sea both eastbound and westbound. We are currently working on plans for the first vessels to make the transit…