Author: Euronews

A bid to cut a rising source of payments fraud could leave telco operators on the hook. ADVERTISEMENTImagine the scene – you receive a call from the taxman, asking why you haven’t paid your bill.Flustered – and seeing it’s from a legitimate number – you agree to settle right away to avoid any extra fine.Only this call wasn’t from the government, but arose from a sophisticated and increasingly common fraud known as spoofing – that EU lawmakers are now on a mission to stop.In legal plans put forward in June last year, the European Commission said that banks should reimburse…

The German software giant has changed direction, and more than 5,000 employees have signed an internal petition saying they feel ‘betrayed’. ADVERTISEMENTWhen a CEO promises that the firm is “a 100% flexible and trust-based workplace as the norm, not the​ ​exception,” it is difficult to change course. That is why one of Europe’s biggest tech companies SAP is facing more than 5,000 angry employees as the company is turning its back on CEO Christian Klein’s 2021 words above by ordering employees back to the office. The new guidelines, announced last month, order staff, who work around the world, to work 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 EU rests on its single market, its singular crowning achievement. To ensure the EU’s future competitiveness and prosperity, its leaders must act now to truly empower it, Jacques Pelkmans writes. ADVERTISEMENTWhen the EU marked 30 years of the single market in 2023, a report should have been written about it but was not even requested. The core of the unwritten report would have concluded that the union’s single market is far weaker than assumed and not nearly…

Europe’s reliance on Russian gas was challenged as an aftermath of Russia Ukrainian war. Afterwards the continent turned to US as it became the largest supplier of LNG. ADVERTISEMENTRecent developments in the US show “Europe just traded one risk for another” through its increased reliance on the US for its LNG supply. How the US became the largest LNG supplierThe US pioneered the process of chilling natural gas to -256F at a commercial scale. This process makes the liquid natural gas occupy 600 times less space than its original form. Due to a increasing energy deficit, US LNG imports began to surge…

European Union leaders reached on Thursday morning a deal to establish a €50-billion plan for Ukraine after Viktor Orbán lifted his veto. ADVERTISEMENTThe decision was taken surprisingly fast at the beginning of an extraordinary summit in Brussels, where financial aid for Kyiv was at the very top of the agenda.The special fund, known as the Ukraine Facility, combines €33 billion in loans and €17 billion in grants and will be gradually disbursed between 2024 and 2027. Payments will be conditional on the completion of structural reforms related to public administration, good governance, the rule of law and the fight against…

ADVERTISEMENTSigns of a challenging day in financial markets were already evident as yesterday’s session opened in New York. The downward momentum was initially driven by disappointing quarterly earnings from technology powerhouses Alphabet and AMD, both of which are at the forefront of artificial intelligence innovation.Yet, it was the Federal Reserve’s actions and Chairman Jerome Powell’s comments that precipitated Wall Street’s most tumultuous day since September 2023.The decision to keep interest rates steady at 5.25%-5.5% wasn’t the main story, as it was largely expected by market participants.Instead, it was how the Fed and Jerome Powell reacted to traders’ optimistic anticipation of…

The European Union’s failure to provide Ukraine with one million ammunition rounds within a year as it has promised should still be cheered, some of the bloc’s top officials have argued. ADVERTISEMENTEU member states approved in March last year a €2 billion plan to boost ammunition deliveries to Ukraine, pledging to send one million 155mm shells within 12 months so the country could defend itself against Russia’s full-scale invasion.But with less than two months to go before the self-imposed deadline, Josep Borrell conceded on Wednesday that the target would not be reached and that just 330,000 ammunition rounds had so far…

If the healthcare industry was a country, it would be the fifth largest polluter on Earth. ADVERTISEMENT”Hospitals are very significant polluters, despite the great benefits that we all enjoy when we fall sick,” says Novartis President.By 2050, 70% of the world’s population is expected to live in cities – that equates to 2.5 billion more than today.By then, the global temperature is likely to be at least 1.5 degrees Celsius warmer, with some sources suggesting it could be 3 degrees, depending on how drastically the world reacts.Rising temperatures cause additional stress to the human body, but that’s not the only…

The EU wants to expand funding sources for small business – but even as new listing rules are finalised, its architects admit all’s not going to plan. ADVERTISEMENTThe EU has long had a goal to unify its capital markets – but even the officials directly involved now appear to be admitting defeat. Despite an attempt to ease financing conditions and stop small businesses skipping across the Atlantic, the reality isn’t matching the rhetoric, Euronews was told by the EU’s most senior financial services official.“When I speak to leaders and ministers, they are in favour of banking union and capital markets…

Car makers including Tesla, General Motors, Volkswagen and Toyota are failing to ensure they are not using forced labour as part of their China supply chains, Human Rights Watch says. ADVERTISEMENTSome of the world’s largest car manufacturers are using aluminium produced with forced labour by Uyghurs and other ethnic minorities in China’s western Xinjiang region and other parts of the country, the US-based non-governmental organisation (NGO) has alleged.China is accused of running labour transfer programmes in which Uyghurs and other Turkic minorities are forced to work in factories, as part of a longstanding campaign of assimilation and mass detention.Workers in…