Author: Euronews

European leaders have decried Donald Trump’s suggestion the US would not protect NATO members failing to meet the alliance’s spending target. ADVERTISEMENTThe former US president and current Republican frontrunner suggested in a South Carolina rally he would “encourage” Russia to attack any NATO country that does not contribute 2% of its GDP to the alliance’s coffers.He claimed the president of an unnamed “big country” in Europe had asked him: “If we don’t pay, and we’re attacked by Russia, will you protect us?”Trump said his response was: “No I would not protect you. In fact, I would encourage them (Russia) to…

The US inflation report out on Tuesday could have a huge role in determining when and by how much the Federal Reserve decides to cut interest rates. ADVERTISEMENTEuropean shares inched up on Monday morning, as investors looked ahead to the US inflation report for January due for release on Tuesday. The report is expected to heavily influence whether the US Federal Reserve will loosen monetary policy in March, or will instead wait until May.However, despite monetary loosening, inflation for certain products such as cocoa and chocolate may still take a while to come down, because of adverse weather in key…

EU pizza prices show a moderate increase in 2023, according to a new Eurostat report. The price of dishes varies, depending on individual countries. ADVERTISEMENTThe average price of store-bought pizza and quiche in the EU in December 2023 was 5.9% higher than in December 2022, according to Eurostat. However, this indicates that the rate of price increase for both dishes slowed down in 2023 compared with December 2022 when prices were 15.9% higher than in December 2021.Pizza and quiche lovers experienced higher prices in Hungary (+13.4%), Luxembourg (+11.3%), and Latvia (+10.6%). Prices also rose slightly in Denmark (+0.6%) and Belgium (+1.0%). However,…

Businesses should think long and hard about whether AI is the best solution for their problems and invest in auditing to avoid unfair, biased and inefficient results, according to Eticas Tech CEO Gemma Galdón-Clavell. ADVERTISEMENT“There’s so many examples of moments when I’m like, ‘Why? Why would you think that AI is useful for this?’,” says leading AI auditor.Did you know that according to Eurostat, 8% of EU companies used artificial intelligence (AI) technologies in 2021? Out of these, 53% had bought ready-to-use commercial AI systems and intelligence software.Denmark had the most companies using AI, accounting for about 24%, with Romania…

Two in five students in the UK have considered dropping out of university due to the cost of rent, while 3% have already done so, according to a new National Student Accommodation Survey 2024 released by Save the Student. ADVERTISEMENTThe survey, which asked over 1,000 students about their experiences managing housing costs at university, also revealed that 7% experienced homelessness during their studies.  “The results of this year’s survey are deeply concerning, and highlight how life in a cost of living crisis is at risk of becoming the new normal for students,” Save the Student’s Communications Director, Tom Allingham, said.In January…

In this edition, we look at the EU plan to cut carbon emissions by 2040 and a deal to protect women across Europe. ADVERTISEMENTThis week, we are joined by Heather Grabbe from Bruegel, Silvia Pastorelli from Greenpeace and Tomi Huhtanen from the Wilfried Martens Centre for European Studies.Panelists discussed the European Commission’s recommendation, presented this week in Strasbourg, to cut carbon emissions 90% by 2040. A proper legislative proposal will be penned by the next commission, after the European elections.For Greenpeace, the documents make no sense unless they address one of the main drivers of climate change.”The big elephant in…

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. The ability of enraged minorities to act should not be underestimated, as this poses significant political and electoral risks — the past few weeks have proven it, Radu Magdin writes. ADVERTISEMENTIt doesn’t require a sophisticated political observer or analyst to recognise that an unprecedented number of Europe’s farmers have taken to the streets.In this super-electoral year, with European elections scheduled for the beginning of June, they are seeking to capitalise on the political opportunity. Strategically, this is the…

Outrage was sparked by revelations Hungary’s president had pardoned a man convicted in a child sexual abuse cause. ADVERTISEMENTHungary’s president has resigned amid outrage over her pardoning of a man convicted in a child sexual abuse case. President Katalin Novak faced days of growing pressure to resign because of her controversial decision to pardon a man who was convicted of covering up crimes committed by a sexual predator at a children’s home. The 46-year-old announced in a televised message on Saturday that she would step down from the presidency, an office she has held since 2022.  “I issued a pardon that…

Novo Nordisk faces a pivotal moment as it grapples with supply issues amid soaring demand for its weight-loss drugs. Despite impressive financial gains and market dominance, the Danish pharma giant must navigate a critical decision. ADVERTISEMENTExcess demand over supply is typically a scenario any business would welcome, yet Lars Fruergaard Jørgensen, CEO of Novo Nordisk, is currently grappling with a significant strategic challenge.With a market capitalisation of over €500 billion, Novo Nordisk has emerged as Europe’s foremost company, outperforming the luxury empire of LVMH, led by Bernard Arnault.The cornerstone of Novo Nordisk’s remarkable rise? Its flagship anti-obesity medications, Wegovy and…

Euronews Business takes a closer look at the five European countries that could be the best place to start a business. ADVERTISEMENTStarting a small or medium sized company in Europe doesn’t have to be as daunting as most people think. Although some countries across the continent can have stricter regulations that can be difficult for non-EU citizens, others are very open and welcoming of both domestic and foreign investors and business people.Following COVID-19 and the impact of the energy crisis, Europe has been doing more to support and welcome SMEs. It currently has a number of financing and support schemes…