Author: Euronews

The European stock market has been nothing short of impressive in 2023, with a narrative of resilience and remarkable success that defied early-year scepticism. ADVERTISEMENTThe Euro Stoxx 50 index, a key benchmark for Europe’s corporate giants, has seen an impressive year-to-date increase of 19%, rebounding after the 12% drop suffered in 2022.Leading the charge in terms of performance within the Euro Stoxx 50 are some of Europe’s most renowned names, showcasing significant gains that have left investors pleasantly surprised.Italy’s financial institution Unicredit SpA has particularly stood out, with its shares surging by an astonishing 84%, showcasing the bank’s robust business…

The chip maker has agreed to invest billions in Israel after securing a generous incentive from the country’s government. ADVERTISEMENTUS chip maker Intel has confirmed a new $25 billion (€22.6 billion) investment in Israel, which is called the largest ever made by a company in the country. As part of the deal, Intel has received a $3.2 billion (€2.9 billion) grant from Israel’s government for the new chip-making plant. The US chip maker’s show of support and long-term engagement comes at a time when Israel’s war with the Palestinian militant group Hamas is escalating, triggering rising pressure from the US on Israel…

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. In the European corridors of power, people are very well aware that if the necessary reforms are not implemented, 2024 will open another cycle of blame and threats that will poison EU-Turkey relations once again, Christos Kourtelis and Caglar Ozturk write. ADVERTISEMENTA few months before the elections in Turkey in May, the incumbent President Recep Tayyip Erdoğan showed some signs of changing his aggressive tone towards the EU. He stated that Turkey intended to become a full member of the…

The announcement comes amid unprecedented Western sanctions on Russia over the invasion of Ukraine. ADVERTISEMENTRussia says it has almost completely redirected its oil exports to China and India and its revenues are back at the same level as of 2021.That’s according to Alexander Novak, the Deputy Prime Minister in charge of energy.Novak says Russia, currently under a large number of Western sanctions for its offensive in Ukraine is now selling some 45-50% of its oil to China and a further 40% to India.”If previously we supplied Europe with 40-45% of the total volume of exports of oil and oil products,…

An ongoing investigation targets a Cypriot brokerage firm, in collaboration with one of BNP Paribas’ branches, over alleged ‘aggravated money laundering.’ ADVERTISEMENTSuspicious investments, managed by French bank BNP Paribas’s branch, on behalf of a Cypriot brokerage firm, are under investigation by French and American authorities for alleged ‘aggravated money laundering,’ French daily Le Monde has reported.The suspicious financial flows, reportedly more than €220 million, were made between 2019 and 2021. During that period, T.C.R. International Limited, a financial services company registered in Cyprus, conducted investment transactions for its clients in partnership with BNP Paribas Securities Services.The Paris prosecutor’s office said in a statement, that the transfers were…

Euronews Business looks at how luxury stocks such as Hermès and Kering did throughout the year. ADVERTISEMENTLuxury stocks have been quite mixed this year, with decent performances at the start, but hiccups towards the middle and end. This was mainly due to the increased cost of living and soaring inflation in several European countries eroding away disposable income. The customary holiday and Christmas surge in sales has also not come in as expected.Consumers have been moving towards more practical and moderately priced goods in an attempt to save a few extra pennies. Second-hand and more sustainable gifting practices have also contributed…

From disinformation to rows with Ukraine, Euronews Business looks at all the controversies that billionaire Elon Musk has been caught up in this year. ADVERTISEMENTElon Musk has found himself in more than his fair share of controversies, ever since the takeover of social media platform Twitter, now dubbed X. The acquisition was completed in the tail end of 2022.Since then, Musk has been heavily criticised for reinstating accounts which have long been considered problematic by users, such as former US President Donald Trump’s, in the name of free speech. Trump had previously been banned by Twitter due to his incitement of…

Which countries attract and retain more talent, and how will the talent acquisition landscape change in the next 10 years? Euronews Business takes a look. ADVERTISEMENTSwitzerland, Singapore, and the United States are in prominent positions in attracting and nurturing talent, according to the Global Talent Competitiveness Index (GTCI) 2023.The top 10 also feature Denmark, the Netherlands, Finland, Norway, Australia, Sweden, and the United Kingdom, with 17 European countries in the top 25.Some of the European countries sliding down in the ranking significantly over the last decade are the United Kingdom, Luxembourg, and Iceland, while Australia and Norway have shown strong…

Justin Bieber, Selena Gomez, Richard Branson… All these stars seem to have something to say about Ukraine. Turns out darker forces are at work. ADVERTISEMENT“It’s frustrating to see how Ukraine uses our aid. Someone seriously needs to put a stop to this,” reads a quote in French and German next to a photo of star footballer Cristiano Ronaldo. “I want to ask why the Ukrainian First Lady Olena Zelenska is buying $1 million worth of Cartier jewellery when her husband is asking the US for money for the war,” reads another quote implying it was said by US talk show host…

A substantial rise in the Turkish minimum wage before the mayoral elections will offer relief to households but also present challenges in managing inflation. ADVERTISEMENTTurkey’s government will raise the minimum wage by almost half to ₺17,002 (€520) per month next year, to compensate for the skyrocketing inflation in the country, some 62% in November 2023. The sharp increase aims to help with the high cost of living and might appeal to voters before the nationwide municipal elections of March 2024.The hike is twice the rate at the beginning of this year and marks a 49% rise from the adjustment made mid-year.…