Author: Euronews

Finnair stock moved higher as it launched a voluntary weigh-in policy for passengers at Helsinki airport to better estimate cargo weight and fuel needs for airplanes. ADVERTISEMENTFinland’s national carrier Finnair recently announced that it would be launching a three-month long study at the Helsinki airport, where passengers could voluntarily choose for their weight to be measured before boarding a flight.According to a statement by the company, as reported by Sky News: “Finnair will collect data by weighing volunteering customers and their carry-on baggage at the departure gate. The weighing is voluntary and anonymous, and the data will only be used…

The European Parliament and the Council struck on Thursday a new deal on a draft law to improve the conditions of platform workers, after the previous agreement had been derailed in a last-minute revolt. ADVERTISEMENTThe provisional deal is part of a concentrated push to wrap up all pending legislative files by the end of the month, the cut-off date imposed by the upcoming EU elections.”After many hours of negotiations, I am glad to see that we reached a provisional agreement today. It is a balanced text that protects workers, good employers and provides for a European level playing field,” said…

Ties are getting stronger between India and some European economies in the form of a new free trade agreement and enormous investment plans. ADVERTISEMENTSixteen years of negotiations are coming to an end as India is concluding a first-of-its-kind trade agreement with Switzerland, Norway, Iceland and Liechtenstein, reported Bloomberg.These countries form the European Free Trade Association (EFTA), which agreed to invest in India as part of a free trade deal, in exchange for easier access to the world’s most populous nation, a market of 1.4 billion people.  The unusual feature of this Free Trade Agreement (FTA) is that it comes with investment guarantees,…

The European Union has refuted reports that it is considering sanctions on American polemist Tucker Carlson for his controversial interview with Vladimir Putin, recorded during his trip to Moscow. ADVERTISEMENTOn Wednesday, a flurry of conservative commentators falsely claimed the bloc was mulling slapping a travel ban on Carlson, a former Fox News anchor, after the Kremlin confirmed his sit-down with the Russian president had taken place. It marks Putin’s first interview with a Western reporter since he launched the all-out war on Ukraine.The claim was initially reported by the American magazine Newsweek, based on comments made by a current and former…

Shares climb in Europe as the S&P 500 nears the 5,000 level for the first time as strong financial results continue. ADVERTISEMENTEuropean stocks were further boosted on Thursday as the S&P 500 continues to near the 5,000 mark, a landmark level, as investors continue to digest a raft of strong earnings reports this week.Germany’s DAX gained 0.31% to 16,973.07 and the CAC 40 in Paris advanced 0.54% to 7,652.68, while Britain’s FTSE 100 picked up 0.1% to 7,629.15, at the time of writing.Wall Street also rose to the edge of the record-breaking 5,000 milestone on Wednesday too – as Ford Motor,…

Recent global events have sparked fears of a commercial real estate crisis in Europe, mirroring situations in Japan and the US. Notably, Deutsche Pfandbriefbank AG faces significant downturns due to the real estate market’s weakness. ADVERTISEMENTThe past week has witnessed significant downturns in the stock values of several banks worldwide, particularly those with substantial exposure to commercial property loans. Mirroring unsettling developments in Japan and the United States, Europe is now facing the prospect of an emerging commercial real estate crisis.The American prelude: A warning signThe situation took a concerning turn in the United States, where New York Community Bancorp…

Shares in AstraZeneca were down nearly 4% on the London Stock Exchange on Thursday morning after reporting its latest financial results. ADVERTISEMENTThe Anglo-Swedish biopharmaceutical company reported $45.8bn (around €41.7bn) in revenue for the financial year 2023 and highlighted strong sales for its cancer drug. It also posted gross profit of more than $37.5bn (around €34bn), up from $32bn (around €29bn) in 2022.The results were driven by oncology drugs, which made up more than a third of sales reported.Why AstraZeneca stock is downHowever, the news failed to cheer investors with the company’s stock down 3.76%, at the time of writing. “Many investors view AstraZeneca…

The impact of lockdowns on children’s education during the Covid-19 pandemic may have set back the chances of increasing global economic growth by up to 40 years, according to the Organisation for Economic Cooperation and Development (OECD). ADVERTISEMENTThe bleak prediction was put forward by the OECD in its February 2024 interim economic outlook: “Strengthening the Foundations for Growth.” The interim report looks at the global economic outlook and inflation forecasts for 2024, as well as ongoing geopolitical risks such as trade disruptions from the Red Sea conflict. Lockdown impact on children’s education could slow growthThere was an unprecedented drop in mathematics and reading…

In this episode of Real Economy, Euronews reporter Fanny Gauret travels across Europe to explore the challenges businesses are facing and how they are upskilling workers amid the digital and green transitions. Approximately 63 per cent of small and medium-sized businesses in Europe say labour and skills shortages are holding them back in their general business activities, a recent Eurobarometer survey found.In a bid to support European businesses, boost staff retention and equip professionals with the skills they need for the future, the European Commission and its partners announced at the Val Duchesse summit at the end of January that…

Shares in France’s TotalEnergies declined on Wednesday morning after the company reported a 31% drop in fourth-quarter (Q4) earnings. ADVERTISEMENTAt the time of writing, TotalEnergies stock was down 1.23% at €59.45 on the London Stock Exchange, reflecting investor sentiment after the company reported its latest Q4 earnings results.The energy giant said adjusted net income fell 31% in Q4 from a year earlier to $5.23 billion (around €4.8bn), missing the average analyst estimate of $5.66 billion (around €5.2bn), due to weaker oil and gas prices and shrinking refining margins.TotalEnergies shares 2024 outlookIn its outlook for 2024, the energy giant acknowledged the…