Author: Euronews

If you’re planning a romantic takeaway meal for two later then you may want to reconsider your options as Deliveroo and Uber Eats drivers plan strike action. ADVERTISEMENTFour food apps, also including Just Eat and Stuart.com, are taking action over pay, essentially demanding more of it.Some 3,000 drivers in the UK are expected to be involved in the strikes, that will take place from between 17:00-22:00.”Sacrificing a few hours for our rights is essential, instead of continuing to work incessantly for insufficient wages,” Delivery Job UK said on its Instagram page.”Our request is simple: we want fair compensation for the…

The chipmaker continues to go from strength to strength amid the AI boom. ADVERTISEMENTArm’s share price has almost doubled since it announced its earnings last week, as the UK chipmaker continues to make strides on the US stock exchange.Shares stood at $148.97 at market close on Monday, compared to $77.01 the Wednesday before, the same day the company released its earning figures.Arm said in its earnings report that the demand for AI technology had boosted its sales, which subsequently caused its shares to soar.The company, which is owned by Japan’s SoftBank, has had a solid introduction to the US stock…

Goldman Sachs shines a light on Europe’s market leaders, dubbed the ‘GRANOLAS’, echoing the ‘Magnificent Seven’ of Wall Street. With a combined market cap exceeding €2.6 trillion, these firms continue to dominate sectors and outperform in European markets. ADVERTISEMENTGoldman Sachs has put a spotlight on Europe’s stock market champions with a peculiar nickname: The GRANOLAS.The tag was inspired by the US market’s ‘Magnificent Seven’ – the tech behemoths leading Wall Street. It refers to a select group of European heavyweights, including GSK, Roche, ASML, Nestlé, Novartis, Novo Nordisk, L’Oréal, LVMH, AstraZeneca, SAP, and Sanofi.These firms, with a towering combined market…

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. Even if the digital euro began as an exploration into solving financial system friction and not just a way to outmanoeuvre the expansion of EU stablecoins, it now can evolve into something far worse, Marc Taverner writes. ADVERTISEMENTThe unethical and unchecked use of artificial intelligence is the threat du jour, both for those working to preserve personal freedoms and companies seeking to secure their market competitiveness. But as we’re learning, artificial intelligence analysis needs data to be effective.At…

Immigration from EU countries has fallen sharply while non-EU immigration has risen. However, EU immigrants benefited the economy because they were working, while the current influx of immigrants is primarily made up of non-working students. ADVERTISEMENTThe UK’s departure from the European Union has been a costly business, leaving it with lower growth and higher inflation, according to Goldman Sachs.UK real GDP has fallen short of economic growth in comparable countries by about 5% since the referendum, the US investment bank’s latest report revealed. Admittedly, not all of the UK’s growth underperformance could be attributed to Brexit, the report pointed out, saying the…

It’s one of the largest fundraisings in the European electric vehicle industry and is expected to reduce Europe’s dependence on Chinese EVs. ADVERTISEMENTTwo of Europe’s largest car makers Stellantis and Mercedes-Benz have raised about €4.4 billion to set up three new electric vehicle (EV) gigafactories across the European Union (EU) in the coming years. The companies said in a press release on Monday that the total funds needed for these factories is expected to be about €7 billion.Factories will be set up in Kaiserslautern in Germany, Termoli in Italy and another undisclosed location in France.  Around 6,000 people are expected to…

Vladimir Putin’s “blackmail” attempts only served to speed up the European Union’s green transition, Ursula von der Leyen said on Tuesday. ADVERTISEMENTBefore the Russian leader decided to launch the full-scale invasion of Ukraine, the bloc was highly dependent on the import of Russian fossil fuels, particularly gas, which it received at a low price via an extensive network of pipelines.But the war forced member states to drastically cut off Russian fuels from their energy system through a combination of sanctions (oil and coal) and national initiatives (gas) aimed at depriving the Kremlin of an important source of revenues.”Two years ago…

Inflation in Switzerland fell unexpectedly in January, potentially paving the way for the Swiss National Bank (SNB) to cut rates next month. ADVERTISEMENTThe annual inflation rate in Switzerland fell to 1.3% in January from 1.7% the previous month, marking the lowest reading in since October 2021, according to the country’s Federal Statistical Office.This has led to analyst predictions that the Swiss National Bank (SNB) might lower interest rates in March.According to Bloomberg, the price drops were unexpected, especially as Switzerland regulates many prices.”The SNB is unlikely to declare victory yet as domestic products increased by 0.6% month-on-month and 2.0% year-on-year,” said…

The once iconic beauty retailer was founded in 1976 by Dame Anita Roddick. It was an early ethical trading business and was best known for its refusal to allow product testing on animals. ADVERTISEMENTThe Body Shop has gone into administration in the UK, less than three months after German private equity firm Aurelius bought it for around £207 million. The decision reportedly followed disappointing Christmas and festive sales.The move is expected to leave up to 2,000 jobs and 100 stores at risk, in order to compete more efficiently with competitors such as Lush, which caters to a younger market. However,…

Farmers in Poland have been blocking roads across the country to call out EU environmental policies and unfair competition from non-EU nations. ADVERTISEMENTPolish farmers on Monday started the third day of a 30-day strike to protest against European Union farming policies.They are demanding measures from both their national government and the bloc to combat production cost hikes, reduced profits and unfair competition from non-EU countries.In Poland, where imports of cheap grain, milk and other produce from Ukraine have caused particular anger, farmers drove tractors across the country to slow down traffic and block major roads, some displaying signs that read “EU…