Author: Euronews

US regulators temporarily grounded 171 Boeing 737 MAX 9 jetliners for safety checks following a cabin panel blowout that forced an Alaska Airlines jet to make an emergency landing. ADVERTISEMENTShares in Boeing, listed in Frankfurt and the US pre-market, fell 9% on Monday after the US Federal Aviation Administration ordered the temporary grounding of 171 of the American company’s 737 MAX 9 jets for safety checks, according to reports.On Friday, a piece of fuselage tore off an Alaska Airlines jet after take-off from Portland, Oregon, forcing the pilots to make an emergency landing.Boeing competes with Airbus, which has been gaining…

Swedish battery producer Northvolt will receive €902 million in German state aid, as Brussels makes its first use of more flexible state aid rules to prevent investment from being diverted away from Europe. ADVERTISEMENTThe European Commission announced Monday that it had approved German state aid to allow Northvolt to build a gigafactory producing battery cells used in electric vehicles (EVs) in the town of Heide, Schleswig-Holstein, in an investment worth €2.5 billion.It is the first time the bloc makes use of ‘matching aid’, an exceptional measure adopted in March to allow EU states to provide higher amounts of aid to companies when…

The majority of UK manufacturers view the country as a more competitive place to locate their activities. ADVERTISEMENTMore than half (52.7%) of UK manufacturers think their country is now a more competitive place to operate, compared to just 31% last year, although they are wary of the current threat to their competitiveness posed by China and the US.The findings come from a 2024 survey by manufacturers’ organisation Make UK and accountancy firm PwC, published on Monday. The poll of more than 200 senior manufacturing executives shows that around a third believe the UK is increasing its competitiveness against Germany and France,…

Hungary’s nationalist Prime Minister Viktor Orbán could take the reins at the European Council in July unless EU leaders can swiftly find a successor to its current president. ADVERTISEMENTCharles Michel unexpectedly announced on Saturday that he would be the lead candidate for his Belgian liberal party – the Reformist Movement (MR) – in the European elections which take place on 6-9 June.This means Michel, a former Belgian prime minister who has presided over the European Council since 2019, is highly likely to be elected as a member of the European Parliament (MEP) and stand down as Council chief following the election.The EU’s…

Elon Musk’s possible use of illegal drugs is causing concern for bosses within his companies, according to a Wall Street Journal report. ADVERTISEMENTAllegations made against Elon Musk over possible drug use is worrying executives within his companies, a report in the Wall Street Journal (WSJ) has suggested.  Musk, chief executive officer of Tesla and SpaceX, has denied the claims, insisting no trace of drugs or alcohol has been found in his body during random tests over three years.The allegations followed a recent SpaceX meeting, when, the report said, an executive  described Musk as “nonsensical,” “unhinged,” and “cringeworthy” after the chief…

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. Our commitment and destiny lie within the EU, but the speed of our journey towards membership will directly impact democracy and the living standards of our citizens, Member of the Presidency of Bosnia and Herzegovina Denis Bećirović writes. ADVERTISEMENTFor decades, Bosnians and Herzegovinians have been waiting for good news from Brussels. My compatriots, who are no strangers to ill fortunes, always knew that the road to European Union membership is not without significant obstacles.If anything, Bosnia and…

JD Sports shares fell around 20% on Thursday, following the retail chain issuing a gloomier profit forecast than before ADVERTISEMENTJD Sports shares plunged about 18% on Thursday, ending up around €1.39 on Friday afternoon, following the company issuing a downbeat profit forecast. The shoe retailer warned profits may come in about £125 million lower for the financial year ending in February 2024.The new profit forecast is now estimated to be in the range between £915 million and £935 million, 10% less than its previous forecast.JD Sports revealed the warning was mainly due to lower-than-expected sales during the winter and festive…

In this edition, we look ahead to a year that will be marked by key European Parliament elections and a leap in AI. ADVERTISEMENTThis week we are joined by Didrik de Schaetzen, Secretary General of the Alliance of Liberals and Democrats for Europe, Laura Shields, Managing Director of Red Thread EU and Andrea Renda, Director of Research at the think tank CEPS.Panelists look ahead to what will be a bumper year of elections all across the globe and take a look at the major challenges of 2024. The big day in Europe’s agenda this year will be the European Parliamentary…

European markets were somewhat downbeat this week, due to disappointing economic data and upcoming US non-farm payrolls ADVERTISEMENTEuropean shares dropped on Friday afternoon, pressurised by lacklustre economic data from major economies such as Germany and France earlier in the week. On Friday, Eurozone inflation for December came in at 2.9%, above November’s 2.4%, mainly due to several government subsidies winding up.The French CAC 40 index fell 2.49% this week to €7,358.7, while the Stoxx 600 index dipped 1.24% to €472.5. The FTSE 100 index also slid 0.77% to £7,663.1.According to the lead equity analyst at Hargreaves Lansdown, Sophie Lund-Yates: “The…

China is launching an anti-dumping probe into imports of brandy from the European Union, a move which follows the bloc’s trade inquiry into Chinese electric vehicles. ADVERTISEMENTThe Chinese ministry of commerce said Friday that the investigation comes after complaints were made by the country’s alcoholic beverages association on behalf of a domestic brand.An anti-dumping probes involves investigating whether a country is importing products at a price below fair market value.A spokesperson on behalf of the European Commission confirmed that the investigation concerned “spirits (commonly known as brandy) products derived from distilled wines originating in the European Union.””We are now assessing the…